Investments and Restricted Cash and Investments

9 Months Ended

Sep. 30, 2013

Investments and Restricted Cash and Investments [Abstract]

Investments and Restricted Cash and Investments [Text Block]


(5)	Investments and Restricted Cash and Investments

Investments and restricted cash and investments consists of the following (in millions):



	As of
	September 30,		December 31,
	2013		2012
Investments:
BYD Company Limited common stock	$	1,004	$	675
Rabbi trusts	324		313
Other	118		105
Total investments	1,446		1,093

Equity method investments:
Electric Transmission Texas, LLC	434		361
CE Generation, LLC	247		241
Bridger Coal Company	177		187
Agua Caliente Solar, LLC⁽¹⁾	57		64
Other	85		71
Total equity method investments	1,000		924

Restricted cash and investments:
Solar Star and Topaz Projects	471		—
Quad Cities Station nuclear decommissioning trust funds	372		337
Other	120		154
Total restricted cash and investments	963		491

Total investments and restricted cash and investments	$	3,409	$	2,508

Reflected as:
Current assets	$	62	$	116
Noncurrent assets	3,347		2,392
Total investments and restricted cash and investments	$	3,409	$	2,508


(1)	As of September 30, 2013 and December 31, 2012, the equity investment is net of investment tax credits totaling $203 million and $165 million, respectively.

Investments

MEHC's investment in BYD Company Limited common stock is accounted for as an available-for-sale security with changes in fair value recognized in AOCI. As of September 30, 2013 and December 31, 2012, the fair value of MEHC's investment in BYD Company Limited common stock was $1.0 billion and $675 million, respectively, which resulted in a pre-tax unrealized gain of $772 million and $443 million as of September 30, 2013 and December 31, 2012, respectively.

Restricted Cash and Investments

As of September 30, 2013, restricted cash and investments included $460 million restricted for construction of a combined 579-megawatt solar project in California ("Solar Star Projects") (formerly the Antelope Valley Projects) and $11 million restricted for construction of a 550-megawatt solar project in California ("Topaz Project").