v2.4.0.6

Receivables | 9 Months Ended
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Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Receivables | RECEIVABLES Sales of Accounts Receivable - IPL maintains a Receivables Purchase and Sale Agreement (Agreement) whereby it may sell its customer accounts receivables, unbilled revenues and certain other accounts receivables to a third-party financial institution through wholly-owned and consolidated special purpose entities. In March 2012, IPL extended through March 2014 the purchase commitment from the third-party financial institution to which it sells its receivables. In exchange for the receivables sold, IPL receives cash proceeds from the third-party financial institution (based on seasonal limits up to $180 million), and deferred proceeds recorded in “Accounts receivable” on Alliant Energy’s and IPL’s Condensed Consolidated Balance Sheets. As of September 30, 2012 and December 31, 2011, IPL sold $210.9 million and $195.3 million aggregate amounts of receivables, respectively. IPL’s maximum and average outstanding cash proceeds, and costs incurred related to the sales of accounts receivable program for the three and nine months ended September 30 were as follows (in millions):
| Three Months |  | Nine Months
| 2012 |  | 2011 |  | 2012 |  | 2011
Maximum outstanding aggregate cash proceeds (based on daily outstanding balances) | $150.0 |  | $160.0 |  | $160.0 |  | $160.0
Average outstanding aggregate cash proceeds (based on daily outstanding balances) | 95.0 |  | 125.4 |  | 124.2 |  | 114.0
Costs incurred | 0.4 |  | 0.3 |  | 1.1 |  | 1.1
The attributes of IPL’s receivables sold under the Agreement were as follows (in millions):
| September 30, 2012 |  | December 31, 2011
Customer accounts receivable | $137.9 |  | $122.4
Unbilled utility revenues | 64.7 |  | 65.4
Other receivables | 8.3 |  | 7.5
Receivables sold | 210.9 |  | 195.3
Less: cash proceeds (a) | 55.0 |  | 140.0
Deferred proceeds | 155.9 |  | 55.3
Less: allowance for doubtful accounts | 2.0 |  | 1.6
Fair value of deferred proceeds | $153.9 |  | $53.7
Outstanding receivables past due | $16.6 |  | $15.9
(a) | Changes in cash proceeds for the nine months ended September 30, 2012 are recorded in “Sales of accounts receivable” in operating activities in Alliant Energy’s and IPL’s Condensed Consolidated Statements of Cash Flows.
Additional attributes of IPL’s receivables sold under the Agreement for the three and nine months ended September 30 were as follows (in millions):
| Three Months |  | Nine Months
| 2012 |  | 2011 |  | 2012 |  | 2011
Collections reinvested in receivables | $522.9 |  | $482.3 |  | $1,334.7 |  | $1,367.8
Credit losses, net of recoveries | 3.0 |  | 3.4 |  | 7.3 |  | 7.9
IPL [Member] |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Receivables | RECEIVABLES Sales of Accounts Receivable - IPL maintains a Receivables Purchase and Sale Agreement (Agreement) whereby it may sell its customer accounts receivables, unbilled revenues and certain other accounts receivables to a third-party financial institution through wholly-owned and consolidated special purpose entities. In March 2012, IPL extended through March 2014 the purchase commitment from the third-party financial institution to which it sells its receivables. In exchange for the receivables sold, IPL receives cash proceeds from the third-party financial institution (based on seasonal limits up to $180 million), and deferred proceeds recorded in “Accounts receivable” on Alliant Energy’s and IPL’s Condensed Consolidated Balance Sheets. As of September 30, 2012 and December 31, 2011, IPL sold $210.9 million and $195.3 million aggregate amounts of receivables, respectively. IPL’s maximum and average outstanding cash proceeds, and costs incurred related to the sales of accounts receivable program for the three and nine months ended September 30 were as follows (in millions):
| Three Months |  | Nine Months
| 2012 |  | 2011 |  | 2012 |  | 2011
Maximum outstanding aggregate cash proceeds (based on daily outstanding balances) | $150.0 |  | $160.0 |  | $160.0 |  | $160.0
Average outstanding aggregate cash proceeds (based on daily outstanding balances) | 95.0 |  | 125.4 |  | 124.2 |  | 114.0
Costs incurred | 0.4 |  | 0.3 |  | 1.1 |  | 1.1
The attributes of IPL’s receivables sold under the Agreement were as follows (in millions):
| September 30, 2012 |  | December 31, 2011
Customer accounts receivable | $137.9 |  | $122.4
Unbilled utility revenues | 64.7 |  | 65.4
Other receivables | 8.3 |  | 7.5
Receivables sold | 210.9 |  | 195.3
Less: cash proceeds (a) | 55.0 |  | 140.0
Deferred proceeds | 155.9 |  | 55.3
Less: allowance for doubtful accounts | 2.0 |  | 1.6
Fair value of deferred proceeds | $153.9 |  | $53.7
Outstanding receivables past due | $16.6 |  | $15.9
(a) | Changes in cash proceeds for the nine months ended September 30, 2012 are recorded in “Sales of accounts receivable” in operating activities in Alliant Energy’s and IPL’s Condensed Consolidated Statements of Cash Flows.
Additional attributes of IPL’s receivables sold under the Agreement for the three and nine months ended September 30 were as follows (in millions):
| Three Months |  | Nine Months
| 2012 |  | 2011 |  | 2012 |  | 2011
Collections reinvested in receivables | $522.9 |  | $482.3 |  | $1,334.7 |  | $1,367.8
Credit losses, net of recoveries | 3.0 |  | 3.4 |  | 7.3 |  | 7.9

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- Definition The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph k Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524 + Details
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