Acquisitions, Divestitures and Discontinued Operations (Tables)

The following table summarizes the consideration paid for Calpine Solutions as well as the preliminary determination of the identifiable assets acquired and liabilities assumed at the December 1, 2016 acquisition date (in millions):



Consideration	$	1,150

Identifiable assets acquired and liabilities assumed:
Assets:
Current assets	141
Margin deposits and other prepaid expense	518
Derivative assets, current⁽¹⁾	365
Property, plant and equipment, net	7
Intangible assets⁽²⁾	360
Goodwill	162
Long-term derivative assets⁽¹⁾	359
Total assets acquired	1,912
Liabilities:
Current liabilities	276
Derivative liabilities, current⁽¹⁾	270
Long-term derivative liabilities⁽¹⁾	216
Total liabilities assumed	762
Net assets acquired	$	1,150

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(1)	Consists of acquired customer and wholesale contracts which will be substantially amortized over the next 5 years.


(2)	Consists primarily of customer relationships that are being amortized over 14 years. See Note 2 for a further description of our intangible assets.

The following table summarizes the unaudited pro forma operating revenues and net income attributable to Calpine for the periods presented as if Calpine Solutions was acquired on January 1, 2015. The unaudited pro forma information has been prepared by adding the preliminary, unaudited historical results of Calpine Solutions, as adjusted for amortization of intangible assets and acquired contracts (using the preliminary values assigned to the net assets acquired from Calpine Solutions disclosed above) and interest expense from our 2017 First Lien Term Loan which funded a portion of the purchase price, to our results for the periods indicated below (in millions, except per share amounts).



	2016		2015
	(Unaudited)
Operating revenues	$	8,324	$	8,308
Net income attributable to Calpine	$	105	$	132
Net income per share attributable to Calpine - basic	$	0.30	$	0.36
Net income per share attributable to Calpine - diluted	$	0.29	$	0.36

The six power plants included in the transaction are as follows:



Plant Name	Plant Capacity		Location
Oneta Energy Center	1,134	MW	Coweta, OK
Carville Energy Center⁽¹⁾	501	MW	St. Gabriel, LA
Decatur Energy Center	795	MW	Decatur, AL
Hog Bayou Energy Center	237	MW	Mobile, AL
Santa Rosa Energy Center	225	MW	Pace, FL
Columbia Energy Center⁽¹⁾	606	MW	Calhoun County, SC
Total	3,498	MW

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(1)	Indicates combined-cycle cogeneration power plant.