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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 62 $ 20
Accounts receivable, less allowance for expected credit losses 475 516
Production fuel, at weighted average cost 62 53
Gas stored underground, at weighted average cost 79 132
Materials and supplies, at weighted average cost 202 140
Regulatory assets 232 166
Other 160 223
Total current assets 1,272 1,250
Property, plant and equipment, net 17,157 16,247
Investments:    
ATC Holdings 386 358
Other 216 201
Total investments 602 559
Other assets:    
Regulatory assets 2,029 1,880
Deferred charges and other 177 227
Total other assets 2,206 2,107
Total assets 21,237 20,163
Current liabilities:    
Current maturities of long-term debt 809 408
Commercial paper 475 642
Accounts payable 611 756
Regulatory liabilities 107 206
Other 302 351
Total current liabilities 2,304 2,363
Long-term debt, net (excluding current portion) 8,225 7,668
Other liabilities:    
Deferred tax liabilities 2,042 1,943
Regulatory liabilities 1,023 1,118
Pension and other benefit obligations 249 277
Other 617 518
Total other liabilities 3,931 3,856
Commitments and contingencies (Note 17)
Common equity:    
Common stock 3 3
Additional paid-in capital 3,030 2,777
Retained earnings 3,756 3,509
Accumulated other comprehensive income 1 0
Shares in deferred compensation trust - 379,006 and 402,134 shares at a weighted average cost of $34.48 and $32.63 per share (13) (13)
Total common equity 6,777 6,276
Total liabilities and equity 21,237 20,163
IPL [Member]    
Current assets:    
Cash and cash equivalents 53 15
Accounts receivable, less allowance for expected credit losses 242 259
Production fuel, at weighted average cost 27 23
Gas stored underground, at weighted average cost 35 60
Materials and supplies, at weighted average cost 122 83
Regulatory assets 93 85
Other 51 93
Total current assets 623 618
Property, plant and equipment, net 8,298 8,046
Other assets:    
Regulatory assets 1,484 1,301
Deferred charges and other 84 110
Total other assets 1,568 1,411
Total assets 10,489 10,075
Current liabilities:    
Current maturities of long-term debt 500 0
Commercial paper 0 0
Accounts payable 262 239
Accrued taxes 50 52
Accrued interest 40 35
Regulatory liabilities 72 114
Other 101 141
Total current liabilities 1,025 581
Long-term debt, net (excluding current portion) 3,445 3,646
Other liabilities:    
Deferred tax liabilities 1,091 1,047
Regulatory liabilities 572 640
Pension and other benefit obligations 51 62
Other 331 291
Total other liabilities 2,045 2,040
Commitments and contingencies (Note 17)
Common equity:    
Common stock 33 33
Additional paid-in capital 2,887 2,807
Retained earnings 1,054 968
Total common equity 3,974 3,808
Total liabilities and equity 10,489 10,075
WPL [Member]    
Current assets:    
Cash and cash equivalents 7 5
Accounts receivable, less allowance for expected credit losses 219 244
Production fuel, at weighted average cost 35 29
Gas stored underground, at weighted average cost 44 73
Materials and supplies, at weighted average cost 77 54
Regulatory assets 139 81
Prepaid gross receipts tax 49 42
Other 43 60
Total current assets 613 588
Property, plant and equipment, net 8,415 7,722
Other assets:    
Regulatory assets 545 579
Deferred charges and other 61 98
Total other assets 606 677
Total assets 9,634 8,987
Current liabilities:    
Current maturities of long-term debt 0 0
Commercial paper 318 290
Accounts payable 293 456
Accrued interest 40 38
Regulatory liabilities 35 92
Other 89 73
Total current liabilities 775 949
Long-term debt, net (excluding current portion) 3,070 2,770
Other liabilities:    
Deferred tax liabilities 827 789
Regulatory liabilities 451 478
Pension and other benefit obligations 121 140
Other 493 370
Total other liabilities 1,892 1,777
Commitments and contingencies (Note 17)
Common equity:    
Common stock 66 66
Additional paid-in capital 2,478 2,233
Retained earnings 1,353 1,192
Total common equity 3,897 3,491
Total liabilities and equity $ 9,634 $ 8,987