XML 92 R72.htm IDEA: XBRL DOCUMENT v3.3.1.900
Acquisitions - ACE Wind (Details)
$ in Millions
1 Months Ended 12 Months Ended
Feb. 28, 2014
USD ($)
Jan. 31, 2014
USD ($)
MW
Dec. 31, 2014
USD ($)
Dec. 31, 2015
USD ($)
Liabilities Assumed [Abstract]        
Power Purchase Agreements - Non-Current Liability [1]     $ 110.7 $ 138.1
Goodwill     2.9 130.6
Power Purchase Agreements - Current Liability [2]     19.4 $ 23.3
Armenia Mountain [Member]        
Liabilities Assumed [Abstract]        
Purchase Option   $ 0.3    
ACE Wind [Member]        
Business Acquisition [Line Items]        
Date of Acquisition   January 2014    
Payments to Acquire Businesses   $ 26.9    
Number of Wind Energy Facilities Acquired   3    
Assets Acquired [Abstract]        
Cash and Cash Equivalents   $ 3.8    
Other Current Assets   14.3    
Property, Plant and Equipment   156.9    
Other Non-Current Assets [3]   7.5    
Total Assets Acquired   182.5    
Liabilities Assumed [Abstract]        
Current Liabilities [4]   15.2    
Long-Term Debt Due Within One Year   2.2    
Long-Term Debt   21.1    
Power Purchase Agreements - Non-Current Liability   99.4    
Other Non-Current Liabilities   10.6    
Non-Controlling Interest [5]   7.1    
Total Liabilities and Non-Controlling Interest Assumed   155.6    
Net Identifiable Assets Acquired   26.9    
Goodwill   2.9    
Deductible Goodwill   0.0    
Power Purchase Agreements - Current Liability   $ 12.4    
Acquisition-Related Costs     $ 1.4  
Purchase of Non-Controlling Interest $ 6.0      
Storm Lake II [Member]        
Business Acquisition [Line Items]        
Name of Acquired Entity   Storm Lake II    
Generating Capacity (MW) | MW   77    
Lake Benton [Member]        
Business Acquisition [Line Items]        
Name of Acquired Entity   Lake Benton    
Generating Capacity (MW) | MW   104    
Condon [Member]        
Business Acquisition [Line Items]        
Name of Acquired Entity   Condon    
Generating Capacity (MW) | MW   50    
[1] Power Purchase Agreements acquired in conjunction with the ALLETE Clean Energy wind energy facilities acquisitions. (See Note 7. Acquisitions.)
[2] Power Purchase Agreements acquired in conjunction with the ALLETE Clean Energy wind energy facilities acquisitions. (See Note 7. Acquisitions.)
[3] Included in Other Non-Current Assets was $0.3 million for the option to purchase Armenia Mountain, and goodwill of $2.9 million. For tax purposes, the purchase price allocation resulted in no allocation to goodwill.
[4] Current Liabilities included $12.4 million related to the current portion of Power Purchase Agreements.
[5] The purchase price accounting valued the non-controlling interest related to Lake Benton, Storm Lake II and Condon at fair value using the discounted cash flow method.