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Subsequent Events
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS
Armenia Mountain Wind — On July 1, 2015, the Company completed the sale of its interest in Armenia Mountain Wind and received net proceeds of $70 million. The Company expects to recognize a gain on this transaction in the third quarter of 2015. See Note 17Discontinued Operations and Held-for-Sale Businesses for additional information.
Stock Repurchase Program — Subsequent to June 30, 2015, the Parent Company repurchased an additional 2.2 million shares at a cost of $29 million, bringing the cumulative repurchases total from July 2010 through August 7, 2015 to 131.7 million shares for a total cost of $1.6 billion, at an average price per share of $12.48 (including a nominal amount of commissions). As of August 7, 2015, $88 million remains available under the Program. See Note 11Equity for additional information.
Dividends — On July 10, 2015, the Parent Company’s Board of Directors declared a dividend of $0.10 per outstanding common share payable on August 17, 2015 to the shareholders of record at the close of business on August 3, 2015.
Solar Spain — On July 29, 2015, the Company signed an agreement to sell all of its 50% interest in Solar Spain, an equity method investment with 31 MW peak capacity in operations, for approximately $32 million, subject to customary closing conditions.