8.	Jointly Owned Facilities

At December 31, 2014 and 2013, the Balance Sheets reflect the owned interests in the facilities listed below.


	Ownership Interest			Electric Plant		Other Property		Accumulated Depreciation		Construction Work in Progress
December 31, 2014
Generating Plants
Susquehanna		90.00	%	$	4,746			$	3,591	$	117
Conemaugh		16.25	%		330				141		2
Keystone		12.34	%		213				102		2
Merrill Creek Reservoir		8.37	%			$	22		15
December 31, 2013
Generating Plants
Susquehanna		90.00	%	$	4,686			$	3,545	$	76
Conemaugh		16.25	%		247				131		63
Keystone		12.34	%		207				91		2
Merrill Creek Reservoir		8.37	%					$	22		16

Each subsidiary owning these interests provides its own funding for its share of the facility. Each receives a portion of the total output of the generating plants equal to its percentage ownership. The share of fuel and other operating costs associated with the plants is included in the corresponding operating expenses on the Statements of Income.

In addition to the interests mentioned above, at December 31, 2014 and 2013, PPL Montana had a 50% ownership interest in Colstrip Units 1 and 2 and a 30% ownership interest in Colstrip Unit 3. The book value of these assets was not significant. At December 31, 2014 and 2013, NorthWestern owned a 30% interest in Colstrip Unit 4. PPL Montana and NorthWestern have a sharing agreement that governs each party’s responsibilities and rights relating to the operation of Colstrip Units 3 and 4. Under the terms of that agreement, each party is responsible for 15% of the total non-coal operating and construction costs of Colstrip Units 3 and 4, regardless of whether a particular cost is specific to Colstrip Unit 3 or 4, and is entitled to take up to the same percentage of the available generation from Units 3 and 4.