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Preferred Stock | 12 Months Ended
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Dec. 31, 2021
Preferred Stock | PREFERRED STOCK IPL is authorized to issue up to 16,000,000 shares of cumulative preferred stock in aggregate. Information related to IPL’s cumulative preferred stock at December 31, 2020 was as follows (dollars in millions):
Series |  | Liquidation Preference/Stated Value |  | Shares Authorized |  | Shares Outstanding |  |  |  | Carrying Value
5.1% |  | $25 |  | 8,000,000 |  | 8,000,000 |  |  |  | $200
In December 2021, IPL redeemed all 8,000,000 outstanding shares of its 5.1% cumulative preferred stock at the $25 per share par value for $200 million plus accrued and unpaid dividends up to the redemption date. In 2021, Alliant Energy and IPL recorded a $5 million non-cash charge related to this transaction in “Preferred dividend requirements” in their income statements.
IPL [Member] |
Preferred Stock | PREFERRED STOCK IPL is authorized to issue up to 16,000,000 shares of cumulative preferred stock in aggregate. Information related to IPL’s cumulative preferred stock at December 31, 2020 was as follows (dollars in millions):
Series |  | Liquidation Preference/Stated Value |  | Shares Authorized |  | Shares Outstanding |  |  |  | Carrying Value
5.1% |  | $25 |  | 8,000,000 |  | 8,000,000 |  |  |  | $200
In December 2021, IPL redeemed all 8,000,000 outstanding shares of its 5.1% cumulative preferred stock at the $25 per share par value for $200 million plus accrued and unpaid dividends up to the redemption date. In 2021, Alliant Energy and IPL recorded a $5 million non-cash charge related to this transaction in “Preferred dividend requirements” in their income statements.

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- Definition The entire disclosure for terms, amounts, nature of changes, rights and privileges, dividends, and other matters related to preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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