DECONSOLIDATION OF SUBSIDIARY
(Dollars in millions)
	Copper Mountain Solar 3
	At March 13, 2014
Proceeds from sale, net of negligible transaction costs	$	68
Cash		(2)
Property, plant and equipment, net		(247)
Other assets		(11)
Accounts payable and accrued expenses		82
Long-term debt, including current portion		97
Other liabilities		3
Accumulated other comprehensive income		(2)
Gain on sale of equity interest		(27)
(Increase) in equity method investment upon deconsolidation	$	(39)

In March 2015, Sempra Renewables acquired a 100-percent interest in the Black Oak Getty Wind project, a 78-MW wind farm under development in Stearns County, Minnesota. The wind farm has a 20-year power purchase agreement with Minnesota Municipal Power Agency. The total acquisition cost for the project is $8 million, of which $2 million was paid in cash at closing, and $6 million is payable contingent on certain events as the project is further developed.

SEMPRA NATURAL GAS

Asset Held for Sale, Power Plant

We classify assets as held for sale when management approves and commits to a formal plan to actively market an asset for sale and we expect the sale to close within the next twelve months. Upon classifying an asset as held for sale, we record the asset at the lower of its carrying value or its estimated fair value reduced for selling costs, and we stop recording depreciation expense on the asset.

In January 2014, management approved a formal plan to market and sell the remaining 625-MW block of the Mesquite Power plant, and in October 2014, Sempra Natural Gas entered into a definitive agreement to sell the remaining block of the plant. The asset is classified as held for sale at March 31, 2015. In April 2015, Sempra Natural Gas sold the remaining block of the plant, together with a related power sales contract. Sempra Natural Gas received net cash proceeds of $345 million, and expects to recognize a pretax gain on the sale of approximately $58 million ($34 million after-tax) in the second quarter of 2015, subject to certain post-closing adjustments related to working capital.

At March 31, 2015, the carrying amount of the major classes of assets and related liability held for sale associated with the plant included the following: