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Acquisition (Table) | 3 Months Ended
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Mar. 31, 2015
Acquisition [Abstract] |
Schedule of Business Acquisitions [Table Text Block] |
Millions |
Assets Acquired |
Cash and Cash Equivalents |  | $0.4 |
Other Current Assets | 4.7 |
Property, Plant and Equipment | 47.3 |
Other Non-Current Assets (a) | 11.4 |
Total Assets Acquired |  | $63.8 |
Liabilities Assumed |
Other Current Liabilities (b) |  | $8.2 |
Power Purchase Agreements | 23.5 |
Other Non-Current Liabilities | 17.0 |
Total Liabilities Assumed | $48.7
Net Identifiable Assets Acquired |  | $15.1 |
(a) | Included in Other Non-Current Assets was $0.4 million of restricted cash and an immaterial amount of goodwill; for tax purposes, the purchase price allocation resulted in no allocation to goodwill.
(b) | Other Current Liabilities included $7.5 million related to the current liabilities portion of the Power Purchase Agreements.
Millions |
Assets Acquired |
Cash and Cash Equivalents |  | $3.8 |
Other Current Assets | 14.3 |
Property, Plant and Equipment | 156.9 |
Other Non-Current Assets (a) | 7.5 |
Total Assets Acquired |  | $182.5 |
Liabilities Assumed |
Other Current Liabilities (b) |  | $15.2 |
Long-Term Debt Due Within One Year | 2.2 |
Long-Term Debt | 21.1 |
Power Purchase Agreements | 99.4 |
Other Non-Current Liabilities | 10.6 |
Non-Controlling Interest (c) | 7.1 |
Total Liabilities and Non-Controlling Interest Assumed |  | $155.6 |
Net Identifiable Assets Acquired |  | $26.9 |
(a) | Included in Other Non-Current Assets was $0.3 million for the option to purchase Armenia Mountain in 2015, and goodwill of $2.9 million; for tax purposes, the purchase price allocation resulted in no allocation to goodwill.
(b) | Other Current Liabilities included $12.4 million related to the current liabilities portion of the Power Purchase Agreements.
(c) | The purchase price accounting valued the non-controlling interest relating to Lake Benton, Storm Lake II and Condon at fair value using the discounted cash flow method. The non-controlling interest related to Lake Benton and Storm Lake II was subsequently purchased by ALLETE Clean Energy.
Millions |
Assets Acquired |
Cash and Cash Equivalents |  | $0.9 |
Accounts Receivable | 16.8 |
Inventories (a) | 13.4 |
Other Current Assets (b) | 5.3 |
Property, Plant and Equipment | 10.6 |
Goodwill (c) | 127.1 |
Intangible Assets (d) | 83.0 |
Other Non-Current Assets | 0.2 |
Total Assets Acquired |  | $257.3 |
Liabilities Assumed |
Other Current Liabilities |  | $18.7 |
Other Non-Current Liabilities | 36.3 |
Total Liabilities Assumed |  | $55.0 |
Net Identifiable Assets Acquired |  | $202.3 |
(a) | Included in Inventories was $2.7 million of fair value adjustments relating to work in process and finished goods inventories which will be recognized as Cost of Sales within one year from the acquisition date.
(b) | Included in Other Current Assets was $1.6 million relating to the fair value of sales backlog. Sales backlog will be recognized as Cost of Sales within one year from the acquisition date. Also included in Other Current Assets was restricted cash of $2.1 million relating to cash pledged as collateral for stand-by letters of credit.
(c) | Goodwill is largely attributable to strategic opportunities for growing U.S. Water Services and the benefits of the existing workforce. Goodwill of $3.2 million is deductible for tax purposes.
(d) | Intangible Assets include customer relationships, patents, non-compete agreements and trademarks and trade names. (See Note 5. Goodwill and Intangible Assets.)

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 + Details
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