v3.20.2

Equity method investments in unconsolidated affiliates

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2020 and 2019, respectively, for our proportional ownership interest in equity method investments:

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​	​	​	​	​	​	​	​	​	​	​	​
​	Three Months Ended September 30,					​	Nine Months Ended September 30,
Operating results	2020			2019			2020			2019
Revenue	​	​	​	​	​	​	​	​	​	​	​
Frederickson	$	8.3	​	$	10.3	​	$	22.4	​	$	26.4
Orlando Cogen, LP		15.7	​		15.6	​		44.8	​		46.4
Chambers Cogen, LP	​	9.4	​	​	9.4	​	​	29.1	​	​	30.0
Craven County Wood Energy, LP (1)	​	2.4	​	​	1.8	​	​	6.2	​	​	1.8
Grayling Generating Station, LP (1)	​	0.4	​	​	0.8	​	​	2.0	​	​	0.8
​		36.2	​		37.9	​		104.5	​		105.4
Project expenses	​	​	​	​	​	​	​	​	​	​	​
Frederickson		5.8	​	​	7.5	​		16.3	​	​	20.0
Orlando Cogen, LP	​	6.7	​	​	6.9	​	​	19.8	​	​	21.5
Chambers Cogen, LP		7.7	​	​	8.9	​		23.7	​	​	26.1
Craven County Wood Energy, LP (1)	​	2.6	​	​	1.6	​	​	8.3	​	​	1.6
Grayling Generating Station, LP (1)	​	0.9	​	​	0.5	​	​	3.4	​	​	0.5
​		23.7	​		25.4	​		71.5	​		69.7
Project other expenses	​	​	​	​	​	​	​	​	​	​	​
Frederickson		—	​		—	​		—	​		—
Orlando Cogen, LP	​	—	​	​	—	​	​	—	​	​	—
Chambers Cogen, LP		(0.3)	​	​	(0.4)	​		(1.1)	​	​	(1.3)
Craven County Wood Energy, LP (1)	​	—	​	​	—	​	​	—	​	​	—
Grayling Generating Station, LP (1)	​	(0.1)	​	​	—	​	​	(0.1)	​	​	—
​		(0.4)	​		(0.4)	​		(1.2)	​		(1.3)
Net income (loss)	​	​	​	​	​	​	​	​	​	​	​
Frederickson	​	2.5	​	​	2.8	​	​	6.1	​	​	6.4
Orlando Cogen, LP		9.0	​		8.7	​		25.0	​		24.9
Chambers Cogen, LP	​	1.4	​	​	0.1	​	​	4.3	​	​	2.6
Craven County Wood Energy, LP (1)	​	(0.2)	​	​	0.2	​	​	(2.1)	​	​	0.2
Grayling Generating Station, LP (1)	​	(0.6)	​	​	0.3	​	​	(1.5)	​	​	0.3
Equity in earnings of unconsolidated affiliates	$	12.1	​	$	12.1	​	$	31.8	​	$	34.4
​	​	​	​	​	​	​	​	​	​	​	​
Distributions from equity method investments		(15.7)	​		(16.0)	​		(37.3)	​		(41.4)
Deficit in earnings of equity method investments, net of distributions	$	(3.6)	​	$	(3.9)	​	$	(5.5)	​	$	(7.0)

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

X

- 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 323
-URI http://asc.fasb.org/topic&trid=2196965

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