This file is indexed.

/usr/lib/pm-utils/defaults is in pm-utils 1.4.1-17.

This file is owned by root:root, with mode 0o644.

The actual contents of the file can be viewed below.

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##########################################################
# DO NOT EDIT THIS FILE!                                 #
#                                                        #
# Add files in /etc/pm/config.d/ instead!                #
##########################################################

# Default method to power down the system when hibernating.
# If commented out, the system will use the kernel default as a 
# default value.
#
# Check /sys/power/disk for valid values.  The default value
# will be surrounded by [square brackets].
# HIBERNATE_MODE="shutdown"

# Whether we need to post the video card when resuming from
# hibernate. You should not normally need to set this.  
# In the future pm-utils will get this setting from HAL.
#
# Valid values are "no" and "yes"
# HIBERNATE_RESUME_POST_VIDEO="no"

# The default sleep/wake system to use.  Valid values are:
#   kernel    The built-in kernel suspend/resume support.
#             Use this if nothing else is supported on your system.
#   uswsusp   If your system has support for the userspace
#             suspend programs (s2ram/s2disk/s2both), then use this.
#   tuxonice  If your system has support for tuxonice, use this.
#
# The system defaults to "kernel" if this is commented out.
# SLEEP_MODULE="kernel"

# These variables will be handled specially when we load files in 
# /etc/pm/config.d.
# Multiple declarations of these environment variables will result in 
# their contents being concatenated instead of being overwritten.

# If you need to unload any modules to suspend/resume, add them here.
# SUSPEND_MODULES=""

# If you want to keep hooks from running, add their names  here.
# HOOK_BLACKLIST=""

# If you want to unconditionally add parameters to the commandline,
# add them here.
# ADD_PARAMETERS=""

# If you want to ignore commandline parameters, add them here.
# DROP_PARAMETERS=""

# If you need to synchronize the system clock across a suspend/resume or
# hibernate/thaw cycle, set this variable.
# NEED_CLOCK_SYNC="true"