Annual report pursuant to Section 13 and 15(d)

Equity Method Investments (Tables)

v3.8.0.1
Equity Method Investments (Tables)
12 Months Ended
Dec. 31, 2017
Schedule of Equity Method Investments

The following is a summary of the consolidated financial position and results of operations of our investments accounted for using the equity method. As discussed in Note 2, we have elected to recognize earnings from these investments one quarter in arrears to allow for the receipt of financial information. We have included below the latest information that is available.

 

     Buckeye Wind
Energy Class
B Holdings,
LLC
    MM
Solar
Parent,
LLC
     Helix Fund
I, LLC
     Other
investments (1)
     Total  
     (in millions)  

Balance Sheet

 

As of September 30, 2017

 

Current assets

   $ 4     $ 4      $ 1      $ 116      $ 125  

Total assets

     287       87        28        2,775        3,177  

Current liabilities

     1       5        —          61        67  

Total liabilities

     8       37        —          274        319  

Members’ equity

     279       50        28        2,501        2,858  

As of December 31, 2016

             

Current assets

     5       3        —          138        146  

Total assets

     297       88        11        2,785        3,181  

Current liabilities

     1       4        —          40        45  

Total liabilities

     7       39        —          256        302  

Members’ equity

     290       49        11        2,529        2,879  

Income Statement

 

For the nine months ended September 30, 2017

 

Revenue

     9       9        2        264        284  

Income from continuing operations

     (5     4        1        31        31  

Net income

     (5     4        1        31        31  

For the year ended December 31, 2016

 

Revenue

     13       12        —          282        307  

Income from continuing operations

     (6     5        —          26        25  

Net income

     (6     5        —          26        25  

For the year ended December 31, 2015

 

Revenue

     5       13        —          292        310  

Income from continuing operations

     (9     6        —          63        60  

Net income

     (9     6        —          63        60  

 

(1)  Represents aggregated financial statement information for investments not separately presented.
Renewable Energy Projects [Member]  
Schedule of Equity Method Investments

As of December 31, 2017, we held the following equity method investments:

 

Investment Date

  

Investee

   Carrying Value  
          (in millions)  

Various

  

Northern Frontier, LLC

   $ 127  

Various

  

Vento I, LLC

     119  

December 2015

  

Buckeye Wind Energy Class B Holdings, LLC

     68  

October 2016

  

Invenergy Gunsight Mountain Holdings, LLC

     37  

June 2016

  

MM Solar Parent, LLC

     29  

Various

  

Helix Fund I, LLC

     25  

Various

  

Other transactions

     118  
     

 

 

 
  

Total equity method investments

   $ 523