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Assets held for sale and discontinued operations
 9 Months Ended
Sep. 30, 2013
Assets held for sale and discontinued operations  
Assets held for sale and discontinued operations

11. Assets held for sale and discontinued operations

        During the three months ended September 30, 2013, we initiated and approved a plan to sell our 60% interest in Rollcast. Rollcast is classified as held for sale and its net income (loss) is recorded as income (loss) from discontinued operations, net of tax in the statements of operations for the three and nine months ended September 30, 2013 and 2012. Rollcast's loss from discontinued operations includes a $3.5 million impairment of goodwill charge and a $1.4 million impairment of intangible asset charge recorded in the three months ended June 30, 2013.

        The Florida Projects and Path 15 were sold on April 12, 2013 and April 30, 2013, respectively. Accordingly, the projects' net income (loss) is recorded as income (loss) from discontinued operations, net of tax in the statements of operations for the nine months ended September 30, 2013 and the three and nine months ended September 30, 2012.

        The following tables summarize the revenue, income (loss) from operations, and income tax expense of Rollcast, Path 15 and the Florida Projects for the three and nine months ended September 30, 2013 and 2012:

 
   Three months ended
September 30,		   Nine months ended
September 30,		  
(in millions)
  2013   2012   2013   2012  

Revenue

   $ —   $ 55.2   $ 71.6   $ 158.2  
                   

Income (loss) from operations of discontinued businesses

     (0.4 )   19.5     (5.3 )   49.7  
                   

Income tax expense

     —     0.5     0.8     0.9  
                   

Income (loss) from operations of discontinued businesses, net of tax

   $ (0.4 ) $ 19.0   $ (6.1 ) $ 48.8  
                   

        Basic and diluted earnings (loss) per share related to income (loss) from discontinued operations for Rollcast, the Florida Projects and Path 15 were $0.0 and $0.16 for the three month periods ended September 30, 2013 and 2012, respectively, and $(0.05) and $0.42 for the nine month periods ended September 30, 2013 and 2012, respectively.

        The assets and liabilities of these projects classified as assets held for sale in the accompanying consolidated balance sheets as of September 30, 2013 and December 31, 2012 consisted of the following:

(in millions)
  September 30, 2013   December 31, 2012  

Current assets:

              

Cash and cash equivalents

   $ 0.3   $ 6.5  

Restricted cash

     —     12.6  

Accounts receivable

     0.1     21.9  

Other current assets

     —     6.3  
           

 

     0.4     47.3  

Non-current assets:

              

Plant, Property & Equipment

     0.1     111.9  

Transmission system rights

     —     172.4  

Goodwill

     —     8.9  

Other assets

     —     10.9  
           

Assets from discontinued operations

     0.5     351.4  

Current liabilities:

              

Accounts payable and other accrued liabilities

   $ 0.1   $ 16.5  

Current portion of long-term debt

     —     14.3  

Current portion of derivative instruments liability

     —     20.0  

Other liabilities

     —     0.5  
           

 

     0.1     51.3  

Long-term liabilities

              

Long-term debt

     —     137.7  

Other long-term liabilities

     —     —  
           

Liabilities from discontinued operations

     0.1     189.0