Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments

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Equity Method Investments
6 Months Ended
Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
13. Equity Method Investments

We have noncontrolling unconsolidated equity investments in entities that own minority interests in renewable energy projects and in one case, real estate. We recognized income from our equity method investments of $8.4 million and $12.5 million during the three and six months ended June 30, 2017, respectively, as compared to income of $1.1 million and $1.3 million during the three and six months ended June 30, 2016. We describe our accounting for noncontrolling equity investments in Note 2.

 

The following is a summary of the consolidated financial position and results of operations of the significant holding companies, accounted for using the equity method.

 

     As of
March 31, 2017
     As of
December 31, 2016
 
     (dollars in millions, unaudited)  

Current Assets

   $ 3      $ 3  

Total Assets

   $ 115      $ 99  

Current Liabilities

   $ 4      $ 4  

Total Liabilities

   $ 38      $ 39  

Members’ Equity

   $ 77      $ 60  

 

     For the three months
ended March 31,
 
     2017      2016  
     (dollars in millions, unaudited)  

Revenue

   $         3      $         3  

Income from Continuing Operations

   $ 1      $ 0  

Net income

   $ 1      $ 0