v2.3.0.15
Variable Interest Entities And Unconsolidated Investments (Tables)
9 Months Ended
Sep. 30, 2011
Variable Interest Entities and Unconsolidated Investments [Abstract] 
Equity method investments table

 

 

 

Ownership Interest as of September 30, 2011

 

 

September 30,
2011(1)

 

 

December 31,
2010

 

Greenfield LP

 

 

50

%

 

$

69

 

 

$

77

 

Whitby

 

 

50

%

 

 

6

 

 

 

3

 

Total investments

 

 

 

 

 

$

75

 

 

$

80

 

_________

(1)
Our risk of loss related to our unconsolidated VIEs is limited to our investment balance. Holders of the debt of our unconsolidated investments do not have recourse to Calpine Corporation and its other subsidiaries; therefore, the debt of our unconsolidated investments is not reflected on our Consolidated Condensed Balance Sheets. At September 30, 2011 and December 31, 2010, equity method investee debt was approximately $476 million and $494 million, respectively, and based on our pro rata share of each of the investments, our share of such debt would be approximately $238 million and $247 million at September 30, 2011 and December 31, 2010, respectively.

 

Equity earnings table

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2011

 

 

2010

 

 

2011

 

 

2010

 

Greenfield LP

 

$

(4

)

 

$

 

 

$

(5

)

 

$

(7

)

Whitby

 

 

(1

)

 

 

(1

)

 

 

(7

)

 

 

(7

)

Total

 

$

(5

)

 

$

(1

)

 

$

(12

)

 

$

(14

)