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Receivables
 9 Months Ended
Sep. 30, 2025
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. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. Effective September 2025, the limit on cash proceeds under the Receivables Agreement was changed to $5 million. As of September 30, 2025, 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 MonthsNine Months
2025202420252024
Maximum outstanding aggregate cash proceeds$110$52$110$110
Average outstanding aggregate cash proceeds2876534

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
September 30, 2025December 31, 2024
Customer accounts receivable$166$137
Unbilled utility revenues79108
Other receivables1—
Receivables sold to third party246245
Less: cash proceeds170
Deferred proceeds245175
Less: allowance for expected credit losses1412
Fair value of deferred proceeds$231$163
As of September 30, 2025, outstanding receivables past due under the Receivables Agreement were $19 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 MonthsNine Months
2025202420252024
Collections$681$565$1,732$1,578
Write-offs, net of recoveries5499
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. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. Effective September 2025, the limit on cash proceeds under the Receivables Agreement was changed to $5 million. As of September 30, 2025, 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 MonthsNine Months
2025202420252024
Maximum outstanding aggregate cash proceeds$110$52$110$110
Average outstanding aggregate cash proceeds2876534

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
September 30, 2025December 31, 2024
Customer accounts receivable$166$137
Unbilled utility revenues79108
Other receivables1—
Receivables sold to third party246245
Less: cash proceeds170
Deferred proceeds245175
Less: allowance for expected credit losses1412
Fair value of deferred proceeds$231$163
As of September 30, 2025, outstanding receivables past due under the Receivables Agreement were $19 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 MonthsNine Months
2025202420252024
Collections$681$565$1,732$1,578
Write-offs, net of recoveries5499