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Investments Accounted for by the Equity Method and Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Variable Interest Entities
Summarized financial information for the Company's consolidated VIEs consisted of the following as of June 30, 2020:
(In millions)Oahu Solar PartnershipKawailoa PartnershipElbow Creek TE Holdco
Wildorado TE Holdco
DGPV Holdco 3Alta TE HoldcoSpring CanyonBuckthorn Renewables LLC
Other (a)
Other current and non-current assets$26  $23  $10  $19  $63  $61  $ $ $ 
Property, plant and equipment183  144  104  249  330  369  84  211   
Intangible assets—  —   —   231  —  —  —  
Total assets209  167  115  268  394  661  87  214  13  
Current and non-current liabilities127  117  26  12  281  44     
Total liabilities127  117  26  12  281  44     
Noncontrolling interest30  40  75  109   44  35  66  —  
Net assets less noncontrolling interests$52  $10  $14  $147  $107  $573  $46  $141  $10  
(a) Other is comprised of Crosswinds and Hardin projects.
The following table shows the balances that were consolidated effective on May 29, 2020:
(In millions)May 29, 2020
Current assets$32  
Property, plant and equipment330  
Intangible assets 
Other non-current assets37  
Total assets$400  
Debt206  
Other current and non-current liabilities84  
Total liabilities$290  
Noncontrolling interests and redeemable noncontrolling interests 
Net assets less noncontrolling interests$104  
Equity Method Investments
The Company's maximum exposure to loss as of June 30, 2020 is limited to its equity investment in the unconsolidated entities, as further summarized in the table below:
NameEconomic InterestInvestment Balance
(In millions)
Utah Solar Portfolio (a)
50%$276  
Desert Sunlight (b)
25%276  
Agua Caliente Solar (b)
16%99  
GenConn50%92  
DGPV Holdco 1 LLC (c)
95%82  
DGPV Holdco 2 LLC (c)
95%63  
San Juan Mesa75%45  
Elkhorn Ridge66.7%42  
Avenal (b)
50%(4) 
$971  

(a) Economic interest based on cash to be distributed. Four Brothers Solar, LLC, Granite Mountain Holdings, LLC and Iron Springs Holdings, LLC are tax equity structures and VIEs.
(b) Entities that have PPAs with PG&E. For further update on PG&E Bankruptcy see Note 1— Nature of Business.
(c) Economic interest based on cash to be distributed. DGPV Holdco 1 LLC and DGPV Holdco 2 LLC, are tax equity structures and VIEs.
The following tables present summarized financial information for the Company's equity method investments:
Three months ended June 30,Six months ended June 30,
(In millions)2020201920202019
Income Statement Data:
DGPV Holdco 3 (a)
Operating revenue$ $ $14  $12  
Operating income     
Net income (loss)  (12)  
RPV Holdco (b)
Operating revenue    
Operating income —  —  —   
Net (loss) income—  (2)  (3) 
GenConn
Operating revenue15  15  29  31  
Operating income  13  14  
Net income    
Desert Sunlight
Operating revenue59  57  95  92  
Operating income42  37  63  53  
Net income25  16  28  20  
Other (c)
Operating revenue81  79  136  131  
Operating income40  34  52  44  
Net income$32  $20  $22  $16  

(a) Year to date as of the reconsideration event on May 29, 2020.
(b) Year to date as of the sale on May 14, 2020 as described in Note 3, Acquisition and Dispositions.
(c) Includes Agua Caliente, DGPV Holdco 1, DGPV Holdco 2, Elkhorn Ridge, Utah Solar Portfolio and San Juan Mesa.
As of June 30, 2020As of December 31, 2019
Balance Sheet Data:(In millions)
DGPV Holdco 3 (a)
Current assets$—  $39  
Non-current assets—  371  
Current liabilities—  61  
Non-current liabilities—  216  
Redeemable noncontrolling interest—  (1) 
RPV Holdco (a)
Current assets—   
Non-current assets—  162  
Current liabilities—   
Non-current liabilities—   
Redeemable noncontrolling interest—  31  
GenConn
Current assets36  37  
Non-current assets352  342  
Current liabilities14  16  
Non-current liabilities190  176  
Desert Sunlight
Current assets261  209  
Non-current assets1,271  1,296  
Current liabilities545  545  
Non-current liabilities482  484  
Other (b)
Current assets275  220  
Non-current assets2,807  2,879  
Current liabilities71  785  
Non-current liabilities991  277  
(a) As of June 30, 2020, these are no longer equity method investments
(b) Includes Agua Caliente, DGPV Holdco 1, DGPV Holdco 2, Elkhorn Ridge, Utah Solar Portfolio and San Juan Mesa.