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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 32 $ 62
Accounts receivable, less allowance for expected credit losses 426 475
Production fuel, at weighted average cost 60 62
Gas stored underground, at weighted average cost 52 79
Materials and supplies, at weighted average cost 208 202
Regulatory assets 218 232
Other 112 160
Total current assets 1,108 1,272
Property, plant and equipment, net 17,354 17,157
Investments:    
ATC Holdings 392 386
Other 219 216
Total investments 611 602
Other assets:    
Regulatory assets 2,002 2,029
Deferred charges and other 173 177
Total other assets 2,175 2,206
Total assets 21,248 21,237
Current liabilities:    
Current maturities of long-term debt 809 809
Commercial paper 334 475
Accounts payable 438 611
Regulatory liabilities 100 107
Other 303 302
Total current liabilities 1,984 2,304
Long-term debt, net (excluding current portion) 8,524 8,225
Other liabilities:    
Deferred tax liabilities 2,038 2,042
Regulatory liabilities 1,036 1,023
Pension and other benefit obligations 245 249
Other 604 617
Total other liabilities 3,923 3,931
Commitments and contingencies (Note 13)
Common equity:    
Common stock 3 3
Additional paid-in capital 3,033 3,030
Retained earnings 3,791 3,756
Accumulated other comprehensive income 2 1
Shares in deferred compensation trust - 341,937 and 379,006 shares at a weighted average cost of $34.96 and $34.48 per share (12) (13)
Total common equity 6,817 6,777
Total liabilities and equity 21,248 21,237
IPL [Member]    
Current assets:    
Cash and cash equivalents 12 53
Accounts receivable, less allowance for expected credit losses 204 242
Production fuel, at weighted average cost 29 27
Gas stored underground, at weighted average cost 17 35
Materials and supplies, at weighted average cost 126 122
Regulatory assets 85 93
Other 42 51
Total current assets 515 623
Property, plant and equipment, net 8,450 8,298
Other assets:    
Regulatory assets 1,482 1,484
Deferred charges and other 85 84
Total other assets 1,567 1,568
Total assets 10,532 10,489
Current liabilities:    
Current maturities of long-term debt 500 500
Accounts payable 213 262
Accrued taxes 61 50
Accrued interest 49 40
Regulatory liabilities 79 72
Other 97 101
Total current liabilities 999 1,025
Long-term debt, net (excluding current portion) 3,445 3,445
Other liabilities:    
Deferred tax liabilities 1,098 1,091
Regulatory liabilities 569 572
Pension and other benefit obligations 49 51
Other 335 331
Total other liabilities 2,051 2,045
Commitments and contingencies (Note 13)
Common equity:    
Common stock 33 33
Additional paid-in capital 2,937 2,887
Retained earnings 1,067 1,054
Total common equity 4,037 3,974
Total liabilities and equity 10,532 10,489
WPL [Member]    
Current assets:    
Cash and cash equivalents 11 7
Accounts receivable, less allowance for expected credit losses 209 219
Production fuel, at weighted average cost 31 35
Gas stored underground, at weighted average cost 35 44
Materials and supplies, at weighted average cost 78 77
Regulatory assets 133 139
Prepaid gross receipts tax 38 49
Other 19 43
Total current assets 554 613
Property, plant and equipment, net 8,450 8,415
Other assets:    
Regulatory assets 520 545
Deferred charges and other 57 61
Total other assets 577 606
Total assets 9,581 9,634
Current liabilities:    
Commercial paper 0 318
Accounts payable 174 293
Accrued interest 42 40
Regulatory liabilities 21 35
Other 105 89
Total current liabilities 342 775
Long-term debt, net (excluding current portion) 3,367 3,070
Other liabilities:    
Deferred tax liabilities 811 827
Regulatory liabilities 467 451
Pension and other benefit obligations 119 121
Other 480 493
Total other liabilities 1,877 1,892
Commitments and contingencies (Note 13)
Common equity:    
Common stock 66 66
Additional paid-in capital 2,533 2,478
Retained earnings 1,396 1,353
Total common equity 3,995 3,897
Total liabilities and equity $ 9,581 $ 9,634