v2.4.0.6
Variable Interest Entities and Unconsolidated Investments (Tables)
 3 Months Ended
Mar. 31, 2012
Variable Interest Entities and Unconsolidated Investments [Abstract]  
Income/Loss from Unconsolidated Investments in Power Plants and Distributions
Our equity interest in the net income from Greenfield LP and Whitby for the three months ended March 31, 2012 and 2011 are recorded in (income) from unconsolidated investments in power plants. The following table sets forth details of our (income) from unconsolidated investments in power plants for the periods indicated (in millions):
 
Three Months Ended March 31,
 
2012
 
2011
Greenfield LP
(6
)
 
(5
)
Whitby
(3
)
 
(4
)
Total
$
(9
)
 
$
(9
)
Equity Method Investment Summarized Financial Information Income Statement
The Condensed Statements of Operations for Greenfield LP for the three months ended March 31, 2012 and 2011, are set forth below (in millions):
Greenfield LP
Condensed Statements of Operations
(Unaudited)
 
 
Three Months Ended March 31,
 
 
2012
 
2011
Operating revenues
 
$
57

 
$
67

Operating expenses
 
40

 
50

Income from operations
 
17

 
17

Interest expense, net of interest income
 
7

 
7

Other (income) expense, net
 
(2
)
 
—

Net income
 
$
12

 
$
10
Schedule of Equity Method Investments
At March 31, 2012 and December 31, 2011, our equity method investments included on our Consolidated Condensed Balance Sheets were comprised of the following (in millions):
 
 
Ownership Interest as of March 31, 2012
 
March 31, 2012
 
December 31, 2011
Greenfield LP
50%
 
81

 
72

Whitby
50%
 
11

 
8

Total investments
 
 
$
92

 
$
80