Receivables

3 Months Ended

Mar. 31, 2022

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. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. As of March 31, 2022, IPL had $109 million of available capacity under its sales of accounts receivable program. 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):

	2022	2021
Maximum outstanding aggregate cash proceeds	$36	$100
Average outstanding aggregate cash proceeds	4	30

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

	March 31, 2022	December 31, 2021
Customer accounts receivable	$142	$125
Unbilled utility revenues	96	104
Receivables sold to third party	238	229
Less: cash proceeds	1	1
Deferred proceeds	237	228
Less: allowance for expected credit losses	10	14
Fair value of deferred proceeds	$227	$214

As of March 31, 2022, outstanding receivables past due under the Receivables Agreement were $24 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three months ended March 31 were as follows (in millions):

	2022	2021
Collections	$561	$529
Write-offs, net of recoveries	2	2

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. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. As of March 31, 2022, IPL had $109 million of available capacity under its sales of accounts receivable program. 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):

	2022	2021
Maximum outstanding aggregate cash proceeds	$36	$100
Average outstanding aggregate cash proceeds	4	30

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

	March 31, 2022	December 31, 2021
Customer accounts receivable	$142	$125
Unbilled utility revenues	96	104
Receivables sold to third party	238	229
Less: cash proceeds	1	1
Deferred proceeds	237	228
Less: allowance for expected credit losses	10	14
Fair value of deferred proceeds	$227	$214

As of March 31, 2022, outstanding receivables past due under the Receivables Agreement were $24 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three months ended March 31 were as follows (in millions):

	2022	2021
Collections	$561	$529
Write-offs, net of recoveries	2	2