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Receivables | 9 Months Ended
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Sep. 30, 2024
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. In March 2024, IPL amended and extended through March 2026 the purchase commitment from the third party to which it sells its receivables. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. Effective September 2024, the limit on cash proceeds under the Receivables Agreement was changed to $5 million. As of September 30, 2024, IPL had $4 million of available capacity under its sales of accounts receivable program. IPL’s maximum and average outstanding aggregate cash proceeds (based on daily outstanding balances) 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
| 2024 |  | 2023 |  | 2024 |  | 2023
Maximum outstanding aggregate cash proceeds | $52 |  | $94 |  | $110 |  | $110
Average outstanding aggregate cash proceeds | 7 |  | 46 |  | 34 |  | 68
The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
| September 30, 2024 |  | December 31, 2023
Customer accounts receivable | $141 |  | $130
Unbilled utility revenues | 81 |  | 98
Other receivables | 1 |  | 1
Receivables sold to third party | 223 |  | 229
Less: cash proceeds | 1 |  | 1
Deferred proceeds | 222 |  | 228
Less: allowance for expected credit losses | 10 |  | 12
Fair value of deferred proceeds | $212 |  | $216
As of September 30, 2024, outstanding receivables past due under the Receivables Agreement were $16 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three and nine months ended September 30 were as follows (in millions):
| Three Months |  | Nine Months
| 2024 |  | 2023 |  | 2024 |  | 2023
Collections | $565 |  | $616 |  | $1,578 |  | $1,720
Write-offs, net of recoveries | 4 |  | 5 |  | 9 |  | 9
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. In March 2024, IPL amended and extended through March 2026 the purchase commitment from the third party to which it sells its receivables. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. Effective September 2024, the limit on cash proceeds under the Receivables Agreement was changed to $5 million. As of September 30, 2024, IPL had $4 million of available capacity under its sales of accounts receivable program. IPL’s maximum and average outstanding aggregate cash proceeds (based on daily outstanding balances) 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
| 2024 |  | 2023 |  | 2024 |  | 2023
Maximum outstanding aggregate cash proceeds | $52 |  | $94 |  | $110 |  | $110
Average outstanding aggregate cash proceeds | 7 |  | 46 |  | 34 |  | 68
The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
| September 30, 2024 |  | December 31, 2023
Customer accounts receivable | $141 |  | $130
Unbilled utility revenues | 81 |  | 98
Other receivables | 1 |  | 1
Receivables sold to third party | 223 |  | 229
Less: cash proceeds | 1 |  | 1
Deferred proceeds | 222 |  | 228
Less: allowance for expected credit losses | 10 |  | 12
Fair value of deferred proceeds | $212 |  | $216
As of September 30, 2024, outstanding receivables past due under the Receivables Agreement were $16 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three and nine months ended September 30 were as follows (in millions):
| Three Months |  | Nine Months
| 2024 |  | 2023 |  | 2024 |  | 2023
Collections | $565 |  | $616 |  | $1,578 |  | $1,720
Write-offs, net of recoveries | 4 |  | 5 |  | 9 |  | 9

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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