Receivables

6 Months Ended

Jun. 30, 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 June 30, 2022, IPL had $95 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 and six months ended June 30 were as follows (in millions):

	Three Months		Six Months
	2022	2021	2022	2021
Maximum outstanding aggregate cash proceeds	$66	$110	$66	$110
Average outstanding aggregate cash proceeds	18	61	11	46

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

	June 30, 2022	December 31, 2021
Customer accounts receivable	$150	$125
Unbilled utility revenues	119	104
Receivables sold to third party	269	229
Less: cash proceeds	15	1
Deferred proceeds	254	228
Less: allowance for expected credit losses	10	14
Fair value of deferred proceeds	$244	$214

As of June 30, 2022, outstanding receivables past due under the Receivables Agreement were $20 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three and six months ended June 30 were as follows (in millions):

	Three Months		Six Months
	2022	2021	2022	2021
Collections	$500	$453	$1,061	$982
Write-offs, net of recoveries	1	1	3	3

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 June 30, 2022, IPL had $95 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 and six months ended June 30 were as follows (in millions):

	Three Months		Six Months
	2022	2021	2022	2021
Maximum outstanding aggregate cash proceeds	$66	$110	$66	$110
Average outstanding aggregate cash proceeds	18	61	11	46

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

	June 30, 2022	December 31, 2021
Customer accounts receivable	$150	$125
Unbilled utility revenues	119	104
Receivables sold to third party	269	229
Less: cash proceeds	15	1
Deferred proceeds	254	228
Less: allowance for expected credit losses	10	14
Fair value of deferred proceeds	$244	$214

As of June 30, 2022, outstanding receivables past due under the Receivables Agreement were $20 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three and six months ended June 30 were as follows (in millions):

	Three Months		Six Months
	2022	2021	2022	2021
Collections	$500	$453	$1,061	$982
Write-offs, net of recoveries	1	1	3	3