v3.3.1.900
Variable Interest Entities and Unconsolidated Investments (Tables)
12 Months Ended
Dec. 31, 2015
Variable Interest Entities and Unconsolidated Investments [Abstract]  
Schedule of Equity Method Investments
At December 31, 2015 and 2014, our equity method investments included on our Consolidated Balance Sheets were comprised of the following (in millions):
 
 
Ownership Interest as of December 31, 2015
 
2015
 
2014
Greenfield LP
50%
 
$
65

 
$
78

Whitby
50%
 
14

 
17

Total investments in power plants
 
 
$
79

 
$
95

Income (Loss) From Unconsolidated Investments in Power Plants and Distributions
Our equity interest in the net income from Greenfield LP and Whitby for the years ended December 31, 2015, 2014 and 2013, is recorded in (income) from unconsolidated investments in power plants. The following table sets forth details of our (income) from unconsolidated investments in power plants and distributions for the years indicated (in millions):
 
(Income) from Unconsolidated
Investments in Power Plants
 
Distributions
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Greenfield LP
$
(12
)
 
$
(10
)
 
$
(16
)
 
$
12

 
$

 
$
18

Whitby
(12
)
 
(15
)
 
(14
)
 
13

 
13

 
9

Total
$
(24
)
 
$
(25
)
 
$
(30
)
 
$
25

 
$
13

 
$
27


Schedule of Condensed Financial Statements
Aggregated summarized financial data for our unconsolidated subsidiaries is set forth below (in millions):
Condensed Combined Balance Sheets
of Our Unconsolidated Subsidiaries
December 31, 2015 and 2014

 
2015
 
2014
Assets:
 
 
 
Cash and cash equivalents
$
50

 
$
58

Current assets
14

 
28

Property, plant and equipment, net
431

 
532

Other assets
1

 
2

Total assets
$
496

 
$
620

Liabilities:
 
 
 
Current maturities of long-term debt
$
18

 
$
21

Current liabilities
21

 
28

Long-term debt
251

 
321

Long-term derivative liabilities
43

 
51

Total liabilities
333

 
421

Member’s interest
163

 
199

Total liabilities and member’s interest
$
496

 
$
620


Condensed Combined Statements of Operations
of Our Unconsolidated Subsidiaries
For the Years Ended December 31, 2015, 2014 and 2013

 
2015
 
2014
 
2013
Revenues
$
191

 
$
239

 
$
207

Operating expenses
127

 
168

 
128

Income from operations
64

 
71

 
79

Interest expense, net of interest income
18

 
23

 
24

Other (income) expense, net

 

 
(3
)
Net income
$
46

 
$
48

 
$
58