Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments

v3.19.3
Equity Method Investments
 9 Months Ended
Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Equity Method Investments
We have non-controlling unconsolidated equity investments in renewable energy projects. We recognized income from our equity method investments of $6 million and $18 million during the three and nine months ended September 30, 2019, respectively, as compared to income of $12 million and $20 million during the three and nine months ended September 30, 2018, respectively. We describe our accounting for non-controlling equity investments in Note 2.
The following is a summary of the consolidated financial position and results of operations of the significant entities accounted for using the equity method.
 
Buckeye Wind Energy Class B Holdings, LLC
 
Other Investments (1)
 
Total
 
(in millions)
Balance Sheet
 
 
 
 
 
As of June 30, 2019
Current assets
$
3

 
$
332

 
$
335

Total assets
271

 
4,085

 
4,356

Current liabilities
1

 
187

 
188

Total liabilities
12

 
1,416

 
1,428

Members' equity
259

 
2,669

 
2,928

As of December 31, 2018
Current assets
4

 
228

 
232

Total assets
276

 
3,903

 
4,179

Current liabilities
1

 
163

 
164

Total liabilities
12

 
1,204

 
1,216

Members' equity
264

 
2,699

 
2,963

Income Statement
 
 
 
 
 
For the six months ended June 30, 2019
Revenue
7

 
179

 
186

Income from continuing operations
(2
)
 
(18
)
 
(20
)
Net income
(2
)
 
(18
)
 
(20
)
For the six months ended June 30, 2018
Revenue
7

 
131

 
138

Income from continuing operations
(2
)
 
32

 
30

Net income
(2
)
 
32

 
30

(1) Represents aggregated financial statement information for investments not separately presented.