Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investment in Affiliate (Tables)

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Equity Method Investment in Affiliate (Tables)
6 Months Ended
Jun. 30, 2015
Schedule of Investments in Equity Method Affiliate

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   
Joint Ventures [Member]  
Schedule of Investments in Equity Method Affiliate

We have made several investments in joint ventures with an affiliate of JPMorgan Chase & Co (“JPMorgan”) to purchase and hold minority interests in wind projects, including through Strong Upwind Holdings II LLC (“Strong Upwind II”), which acquired additional interests this quarter in several of the operating wind projects held by Strong Upwind Holdings I LLC (“Strong Upwind I”). Through these joint ventures, we own minority interests in four limited liability holding companies that own ten operating wind projects. Each of the holding companies is controlled and operated by a large wind energy company.

 

Date

  

Transaction

   Investment     

JV Partner

          ($ in millions)       

October 2014

   Strong Upwind I    $ 141       JPMorgan

April 2015

   Strong Upwind II    $ 36       JPMorgan