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Investments and Restricted Cash and Investments (Notes)
12 Months Ended
Dec. 31, 2014
Investments and Restricted Cash and Investments [Abstract]  
Investments and Restricted Cash and Investments [Text Block]
(7)    Investments and Restricted Cash and Investments

Investments and restricted cash and investments consists of the following as of December 31 (in millions):
 
2014
 
2013
Investments:
 
 
 
BYD Company Limited common stock
$
881

 
$
1,103

Rabbi trusts
386

 
373

Other
126

 
126

Total investments
1,393

 
1,602

 
 
 
 
Equity method investments:
 
 
 
Electric Transmission Texas, LLC
515

 
454

Bridger Coal Company
192

 
178

Agua Caliente Solar, LLC
81

 
41

CE Generation

 
185

Other
80

 
85

Total equity method investments
868

 
943

 
 
 
 
Restricted cash and investments:
 
 
 
Quad Cities Station nuclear decommissioning trust funds
424

 
394

Solar Star and Topaz Projects
66

 
236

Other
167

 
126

Total restricted cash and investments
657

 
756

 
 
 
 
Total investments and restricted cash and investments
$
2,918

 
$
3,301

 
 
 
 
Reflected as:
 
 
 
Current assets
$
115

 
$
65

Noncurrent assets
2,803

 
3,236

Total investments and restricted cash and investments
$
2,918

 
$
3,301



Investments

BHE'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 December 31, 2014 and 2013, the fair value of BHE's investment in BYD Company Limited common stock was $881 million and $1.1 billion, respectively, which resulted in a unrealized gain of $649 million and $871 million as of December 31, 2014 and 2013, respectively.
 
Rabbi trusts primarily hold corporate-owned life insurance on certain current and former key executives and directors. The Rabbi trusts were established to hold investments used to fund the obligations of various nonqualified executive and director compensation plans and to pay the costs of the trusts. The amount represents the cash surrender value of all of the policies included in the Rabbi trusts, net of amounts borrowed against the cash surrender value.

Equity Method Investments

BHE, through a subsidiary, owns 50% of Electric Transmission Texas, LLC, which owns and operates electric transmission assets in the Electric Reliability Council of Texas footprint. BHE, through a subsidiary, owns 66.67% of Bridger Coal Company ("Bridger Coal"), which is a coal mining joint venture that supplies coal to the Jim Bridger generating facility. Bridger Coal is being accounted for under the equity method of accounting as the power to direct the activities that most significantly impact Bridger Coal's economic performance are shared with the joint venture partner. BHE, through a subsidiary, owns 49% of Agua Caliente Solar, LLC ("Agua Caliente"), which owns a 290-MW solar project (the "Agua Caliente Project") in Arizona. In June 2014, BHE, through a subsidiary, acquired the remaining 50% interest in CE Generation, which is engaged in the independent power business, and through its subsidiaries, owns and operates geothermal generating facilities in the Imperial Valley of California and natural gas-fueled combined cycle cogeneration facilities in New York, Texas and Arizona.

During 2013, BHE recognized an impairment charge on its equity investment in CE Generation totaling $116 million. The impairment charge is reflected in equity income (loss) on the Consolidated Statements of Operations.

Restricted Cash and Investments

MidAmerican Energy has established a trust for the investment of funds for decommissioning the Quad Cities Nuclear Station Units 1 and 2 ("Quad Cities Station"). These investments in debt and equity securities are classified as available-for-sale and are reported at fair value. Funds are invested in the trust in accordance with applicable federal and state investment guidelines and are restricted for use as reimbursement for costs of decommissioning the Quad Cities Station, which are currently licensed for operation until December 2032.

As of December 31, 2014 and 2013, restricted cash and investments included $22 million and $201 million, respectively, restricted for construction of the Solar Star Projects and $44 million and $35 million, respectively, restricted for construction of the Topaz Project.