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Redeemable Stocks of Subsidiaries (Notes)
9 Months Ended
Sep. 30, 2020
Redeemable Stock of Subsidiaries [Abstract]  
Redeemable Noncontrolling Interest [Table Text Block] REDEEMABLE STOCK OF SUBSIDIARIES
The following table summarizes the Company’s redeemable stock of subsidiaries balances as of the periods indicated (in millions):
September 30, 2020December 31, 2019
IPALCO common stock$618 $618 
Colon quotas (1)
189 210 
IPL preferred stock60 60 
Total redeemable stock of subsidiaries$867 $888 
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(1)Characteristics of quotas are similar to common stock.
Colon — Our partner in Colon made capital contributions of $10 million during the nine months ended September 30, 2019. No contributions were made in 2020. Any subsequent adjustments to allocate earnings and dividends to our partner, or measure the investment at fair value, will be classified as temporary equity each reporting period as it is probable that the shares will become redeemable.