Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investment in Affiliate

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Equity Method Investment in Affiliate
6 Months Ended
Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investment in Affiliate
13. Equity Method Investment in Affiliate

Strong Upwind Joint Ventures

As described in Notes 1 and 2, we have equity investments in joint ventures that own minority interests in wind projects. We account for our investments using the equity method of accounting and have elected to recognize earnings from these investments one quarter in arrears to allow for the receipt of financial information. During both the three and six months ended June 30, 2015, we have recognized a loss of $0.3 million from our equity method investments in the joint ventures.

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

 

     As of and for the
three months
ended

March 31, 2015
     As of and for the
year ended
December 31, 2014
 
     ($ in millions, unaudited)  

Current Assets

   $ 56       $ 62   

Total Assets

   $ 1,475       $ 1,501   

Current Liabilities

   $ 9       $ 18   

Total Liabilities

   $ 57       $ 66   

Members’ Equity

   $ 1,418       $ 1,435   

Revenue

   $ 40       $ 154   

Income from Continuing Operations

   $ 14       $ 44   

Net Income

   $ 14       $ 44