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CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2018

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

Schedule of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheets

								Combined
					Combined			Non-
					Guarantor			Guarantor
		Parent			Subsidiaries			Subsidiaries			Eliminations			Consolidated
		(in millions)
As of September 30, 2018
Total current assets		$	5		$	475		$	81		$	(15)		$	546
Total property, plant and equipment, net			32			5,823			531			—			6,386
Investments in consolidated subsidiaries			5,858			178			—			(6,036)			—
Other assets			10			29			13			—			52
TOTAL ASSETS		$	5,905		$	6,505		$	625		$	(6,051)		$	6,984
Total current liabilities			187			682			17			(15)			871
Long-term debt			5,108			—			—			—			5,108
Deferred gain and issuance costs, net			253			—			—			—			253
Other long-term liabilities			152			451			9			—			612
Amounts due to (from) affiliates			929			(929)			—			—			—
Mezzanine equity			—			—			745			—			745
Total equity			(724)			6,301			(146)			(6,036)			(605)
TOTAL LIABILITIES AND EQUITY		$	5,905		$	6,505		$	625		$	(6,051)		$	6,984

As of December 31, 2017
Total current assets		$	13		$	464		$	12		$	(6)		$	483
Total property, plant and equipment, net			24			5,580			92			—			5,696
Investments in consolidated subsidiaries			5,105			606			—			(5,711)			—
Other assets			—			27			1			—			28
TOTAL ASSETS		$	5,142		$	6,677		$	105		$	(5,717)		$	6,207
Total current liabilities			122			613			3			(6)			732
Long-term debt			5,306			—			—			—			5,306
Deferred gain and issuance costs, net			287			—			—			—			287
Other long-term liabilities			154			445			3			—			602
Amounts due to (from) affiliates			87			(87)			—			—			—
Total equity			(814)			5,706			99			(5,711)			(720)
TOTAL LIABILITIES AND EQUITY		$	5,142		$	6,677		$	105		$	(5,717)		$	6,207

Schedule of Condensed Consolidating statement of Operations

Condensed Consolidating Statements of Operations

								Combined
					Combined			Non-
					Guarantor			Guarantor
		Parent			Subsidiaries			Subsidiaries			Eliminations			Consolidated
		(in millions)
For the three months ended September 30, 2018
Total revenues and other		$	—		$	766		$	135		$	(73)		$	828
Total costs and other			62			582			72			(73)			643
Non-operating (loss) income			(99)			5			—			—			(94)
NET INCOME (LOSS)			(161)			189			63			—			91
Net income attributable to noncontrolling interests			—			—			(25)			—			(25)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK		$	(161)		$	189		$	38		$	—		$	66

For the three months ended September 30, 2017
Total revenues and other		$	5		$	446		$	5		$	(11)		$	445
Total costs and other			58			439			4			(11)			490
Non-operating (loss) income			(87)			—			—			—			(87)
NET (LOSS) INCOME			(140)			7			1			—			(132)
Net income attributable to noncontrolling interest			—			—			(1)			—			(1)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCK		$	(140)		$	7		$	—		$	—		$	(133)

Condensed Consolidating Statements of Operations

								Combined
					Combined			Non-
					Guarantor			Guarantor
		Parent			Subsidiaries			Subsidiaries			Eliminations			Consolidated
		(in millions)
For the nine months ended September 30, 2018
Total revenues and other		$	1		$	1,878		$	293		$	(186)		$	1,986
Total costs and other			169			1,542			157			(186)			1,682
Non-operating (loss) income			(272)			5			—			—			(267)
NET INCOME (LOSS)			(440)			341			136			—			37
Net income attributable to noncontrolling interests			—			—			(55)			—			(55)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK		$	(440)		$	341		$	81		$	—		$	(18)

For the nine months ended September 30, 2017
Total revenues and other		$	22		$	1,551		$	10		$	(32)		$	1,551
Total costs and other			165			1,298			9			(32)			1,440
Non-operating (loss) income			(256)			18			—			—			(238)
NET (LOSS) INCOME			(399)			271			1			—			(127)
Net income attributable to noncontrolling interest			—			—			(1)			—			(1)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCK		$	(399)		$	271		$	—		$	—		$	(128)

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statements of Cash Flows

								Combined
					Combined			Non-
					Guarantor			Guarantor
		Parent			Subsidiaries			Subsidiaries			Eliminations			Consolidated
		(in millions)
For the nine months ended September 30, 2018
Net cash (used) provided by operating activities		$	(433)		$	645		$	181		$	—		$	393
Net cash used in investing activities			(3)			(921)			(41)			—			(965)
Net cash provided (used) by financing activities			429			278			(124)			—			583
Increase in cash			(7)			2			16			—			11
Cash—beginning of period			7			8			5			—			20
Cash—end of period		$	—		$	10		$	21		$	—		$	31

For the nine months ended September 30, 2017
Net cash (used) provided by operating activities		$	(403)		$	621		$	7		$	—		$	225
Net cash used in investing activities			(2)			(90)			(82)			—			(174)
Net cash provided (used) by financing activities			409			(536)			92			—			(35)
Increase (decrease) in cash			4			(5)			17			—			16
Cash—beginning of period			—			12			—			—			12
Cash—end of period		$	4		$	7		$	17		$	—		$	28

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Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 3
-Paragraph i
-Subsection 10

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Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Section 3
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Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Regulation S-X (SX)
-Number 210
-Section 3
-Paragraph i
-Subsection 10

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