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Variable Interest Entities
 12 Months Ended
Dec. 31, 2022
Variable Interest Entities [Abstract]  
Variable Interest Entities
A VIE is an entity in which the controlling interest is determined through means other than a majority voting interest. Refer to Note 1, "Nature of Operations and Summary of Significant Accounting Policies - S. VIEs and Allocation of Earnings," for information on our accounting policy for the VIEs.
NIPSCO owns and operates two wind facilities, Rosewater and Indiana Crossroads Wind, which have 102 MW and 302 MW of nameplate capacity, respectively. NIPSCO also owns one solar facility, which is expected to go into service in 2023, Indiana Crossroads Solar, which has 200 MW of nameplate capacity. We control decisions that are significant to these entities' ongoing operations and economic results. Therefore, we have concluded that we are the primary beneficiary and have consolidated all three entities.
Members of the respective JVs are NIPSCO (who is the managing member) and tax equity partners. Earnings, tax attributes and cash flows are allocated to both NIPSCO and the tax equity partner in varying percentages by category and over the life of the partnership. NIPSCO and each tax equity partner contributed cash, and NIPSCO also assumed an obligation to the developers of the wind facilities representing the remaining economic interest. The developers of the wind facilities are not a partner in the JV for federal income tax purposes and do not receive any share of earnings, tax attributes, or cash flows of each JV. Once the tax equity partner has earned their negotiated rate of return and we have reached the agreed upon contractual date, NIPSCO has the option to purchase at fair market value from the tax equity partner the remaining interest in the respective JV. NIPSCO has an obligation to purchase, through a PPA at established market rates, 100% of the electricity generated by the JVs.
The following table displays the total contributions paid and obligations incurred in the periods presented:
(in millions)December 31, 2022December 31, 2021December 31, 2020
NIPSCO Cash Contributions$151.8 $2.8 $0.7 
Tax Equity Partner Cash Contributions21.2 245.1 86.1 
NIPSCO's Obligation to Developer(1)
— 277.5 69.7 
Total Contributions$173.0 $525.4 $156.5 
(1) Outstanding amounts in "Obligations to renewable generation asset developer" in the Consolidated Balance Sheets.
We did not provide any financial or other support during the year that was not previously contractually required, nor do we expect to provide such support in the future.
Our Consolidated Balance Sheets included the following assets and liabilities associated with VIEs.
(in millions)December 31,
2022		December 31,
2021
Net Property, Plant and Equipment$978.5 $695.9 
Current assets25.7 14.3 
Total assets(1)
1,004.2 710.2 
Current liabilities128.2 10.0 
Asset retirement obligations30.6 20.5 
Total liabilities$158.8 $30.5 
(1)The assets of each VIE represent assets of a consolidated VIE that can be used only to settle obligations of the respective consolidated VIE. The creditors of the liabilities of the VIEss do not have recourse to the general credit of the primary beneficiary.