v3.20.1

Equity method investments in unconsolidated affiliates

3 Months Ended

Mar. 31, 2020

Equity method investments in unconsolidated affiliates

Equity method investments in unconsolidated affiliates

4. Equity method investments in unconsolidated affiliates

The following summarizes the operating results for the three months ended March 31, 2020 and 2019, respectively, for our proportional ownership interest in equity method investments:

		Three Months Ended March 31,
Operating results		2020			2019
Revenue
Frederickson		$	8.0		$	5.8
Orlando Cogen, LP			14.6			15.5
Chambers Cogen, LP			10.6			11.5
Craven County Wood Energy, LP (1)			3.1			—
Grayling Generating Station, LP (1)			1.5			—
			37.8			32.8
Project expenses
Frederickson			5.4			3.4
Orlando Cogen, LP			6.3			7.5
Chambers Cogen, LP			8.1			8.6
Craven County Wood Energy, LP (1)			2.6			—
Grayling Generating Station, LP (1)			1.4			—
			23.8			19.5
Project other expenses
Frederickson			—			—
Orlando Cogen, LP			—			—
Chambers Cogen, LP			(0.3)			(0.4)
Craven County Wood Energy, LP (1)			—			—
Grayling Generating Station, LP (1)			—			—
			(0.3)			(0.4)
Net income
Frederickson			2.6			2.4
Orlando Cogen, LP			8.3			8.0
Chambers Cogen, LP			2.2			2.5
Craven County Wood Energy, LP (1)			0.5			—
Grayling Generating Station, LP (1)			0.1			—
Equity in earnings of unconsolidated affiliates		$	13.7		$	12.9
Distributions from equity method investments			(6.0)			(5.8)
Surplus of earnings of equity method investments, net of distributions		$	7.7		$	7.1

⁽¹⁾ We acquired our equity interests in Craven Country Wood Energy, LP and Grayling Generating Station, LP on August 13, 2019.

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- References

No definition available.

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- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.3A-04)
-URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-URI http://asc.fasb.org/topic&trid=2196965

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