Receivables

3 Months Ended

Mar. 31, 2018

Receivables [Line Items]

Receivables

RECEIVABLES

Sales of Accounts Receivable - IPL maintains a Receivables Purchase and Sale Agreement (Receivables Agreement) whereby it may sell its customer accounts receivables, unbilled revenues and certain other accounts receivables to a third party through wholly-owned and consolidated special purpose entities. In March 2018, IPL amended and extended through March 2021 the purchase commitment from the third party to which it sells its receivables. Effective April 2018, the limit on cash proceeds will fluctuate between $90 million and $110 million. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. As of March 31, 2018, IPL had no available capacity under its sales of accounts receivable program. For the three months ended March 31, 2018 and 2017, IPL’s costs incurred related to the sales of accounts receivable program were not material.

IPL’s maximum and average outstanding cash proceeds (based on daily outstanding balances) related to the sales of accounts receivable program for the three months ended March 31 were as follows (in millions):

	2018		2017
Maximum outstanding aggregate cash proceeds		$116.0		$79.0
Average outstanding aggregate cash proceeds	61.1		38.4

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):

	March 31, 2018		December 31, 2017
Customer accounts receivable		$156.1		$133.8
Unbilled utility revenues	93.2		112.7
Other receivables	0.3		0.3
Receivables sold to third party	249.6		246.8
Less: cash proceeds	116.0		12.0
Deferred proceeds	133.6		234.8
Less: allowance for doubtful accounts	12.7		12.7
Fair value of deferred proceeds		$120.9		$222.1

As of March 31, 2018, outstanding receivables past due under the Receivables Agreement were $50.7 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three months ended March 31 were as follows (in millions):

	2018		2017
Collections		$517.0		$501.2
Write-offs, net of recoveries	6.1		4.6

IPL [Member]

Receivables [Line Items]

Receivables

RECEIVABLES

Sales of Accounts Receivable - IPL maintains a Receivables Purchase and Sale Agreement (Receivables Agreement) whereby it may sell its customer accounts receivables, unbilled revenues and certain other accounts receivables to a third party through wholly-owned and consolidated special purpose entities. In March 2018, IPL amended and extended through March 2021 the purchase commitment from the third party to which it sells its receivables. Effective April 2018, the limit on cash proceeds will fluctuate between $90 million and $110 million. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. As of March 31, 2018, IPL had no available capacity under its sales of accounts receivable program. For the three months ended March 31, 2018 and 2017, IPL’s costs incurred related to the sales of accounts receivable program were not material.

IPL’s maximum and average outstanding cash proceeds (based on daily outstanding balances) related to the sales of accounts receivable program for the three months ended March 31 were as follows (in millions):

	2018		2017
Maximum outstanding aggregate cash proceeds		$116.0		$79.0
Average outstanding aggregate cash proceeds	61.1		38.4

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):

	March 31, 2018		December 31, 2017
Customer accounts receivable		$156.1		$133.8
Unbilled utility revenues	93.2		112.7
Other receivables	0.3		0.3
Receivables sold to third party	249.6		246.8
Less: cash proceeds	116.0		12.0
Deferred proceeds	133.6		234.8
Less: allowance for doubtful accounts	12.7		12.7
Fair value of deferred proceeds		$120.9		$222.1

As of March 31, 2018, outstanding receivables past due under the Receivables Agreement were $50.7 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three months ended March 31 were as follows (in millions):

	2018		2017
Collections		$517.0		$501.2
Write-offs, net of recoveries	6.1		4.6