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Assets held for sale
 12 Months Ended
Dec. 31, 2012
Assets held for sale  
Assets held for sale

19. Assets held for sale

        During the year ended December 31, 2012, we classified our Path 15, Auburndale, Lake and Pasco projects as assets held for sale based on our intention to sell the projects within the next twelve months. We approved a plan to sell these assets prior to December 31, 2012. Accordingly, the assets and liabilities of Path 15, Auburndale, Lake and Pasco have been classified separately as held for sale in the consolidated balance sheet at December 31, 2012 and the projects' net income is recorded as income from discontinued operations, net of tax in the statements of operations for the years ended December 31, 2012, 2011, and 2010. Income from discontinued operations includes a $50.0 million impairment of long-lived assets charge recorded in December 2012. The following tables summarize the revenue, income from operations, and income tax expense of Path 15, Auburndale, Lake, and Pasco projects for the years ended December 31, 2012, 2011, and 2010 as well as the assets and liabilities held for sale for the year ended December 31, 2012:

 
   December 31,  
 
   2012   2011   2010  

Revenue

   $ 216,705   $ 191,000   $ 194,205  
               

Income from discontinued operations

     18,260     38,957     27,033  
               

Income tax expense

     1,801     2,780     2,906  
               

Income from discontinued operations, net of tax

   $ 16,459   $ 36,177   $ 24,127  
               

        Basic and diluted earnings per share related to income from discontinued operations for the Path 15, Auburndale, Lake and Pasco projects was $0.14, $0.46, and $0.39 for the years ended December 31, 2012, 2011, and 2010 respectively.

 
   December 31,
2012		  

Current assets:

        

Cash and cash equivalents

   $ 6,473  

Restricted cash

     12,658  

Accounts receivable

     21,894  

Other current assets

     6,260  
       

 

     47,285  

Non-current assets:

        

Property, plant, and equipment

     111,931  

Transmission system rights

     172,430  

Goodwill

     8,918  

Other intangible assets

     9,994  

Other assets

     821  
       

Assets held for sale

   $ 351,379  
       

Current liabilities:

        

Accounts payable and other accrued liabilities

   $ 16,459  

Current portion of long-term debt

     14,302  

Current portion of derivative instrument asset

     20,586  
       

 

     51,347  

Long term liabilities

        

Long-term debt

     137,666  

Derivative instrument liability

     —  

Deferred tax liability

     25  
       

Liabilities held for sale

   $ 189,038