Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments in Affiliate (Tables)

v3.4.0.3
Equity Method Investments in Affiliate (Tables)
3 Months Ended
Mar. 31, 2016
Wind Projects [Member]  
Schedule of Investments in Equity Method Affiliate

The following table sets forth certain information related to our equity method investments.

 

Date

  

Transaction

   Investment      Partner  
          (dollars in millions)         

October 2014

   Strong Upwind Holdings I, LLC    $ 141         JPMorgan   

April 2015

   Strong Upwind Holdings II, LLC    $ 36         JPMorgan   

August 2015

   Creston Ridge Management, LLC    $ 14         Bluestem   

December 2015

   Strong Upwind Holdings III, LLC    $ 84         JPMorgan   

December 2015

   Buckeye Wind Energy Class B Holdings LLC    $ 71         Invenergy   
Strong Upwind Holdings LLC [Member]  
Schedule of Investments in Equity Method Affiliate

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 and for the year

ended December 31,

 
     2015      2014  
     (dollars in millions, unaudited)  

Current Assets

   $ 52       $ 62   

Total Assets

   $ 1,413       $ 1,501   

Current Liabilities

   $ 14       $ 18   

Total Liabilities

   $ 63       $ 66   

Members’ Equity

   $ 1,350       $ 1,435   

Revenue

   $ 142       $ 154   

Income from Continuing Operations

   $ 27       $ 44   

Net Income

   $ 27       $ 44