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Investments In and Advances To Affiliates (Tables)
12 Months Ended
Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]  
Equity Ownership Interest And Carrying Values Of Investments Accounted For Under The Equity Method
The following table summarizes the relevant effective equity ownership interest and carrying values for the Company’s investments accounted for under the equity method as of December 31, 2013 and 2012.
 
 
 
December 31,
 
 
 
2013
 
2012
 
2013
 
2012
Affiliate
Country
 
Carrying Value (in millions)
 
Ownership Interest %
Silver Ridge Power (1)
Various
 
$
291

 
$
307

 
50
%
 
50
%
Barry(2) 
United Kingdom
 

 

 
100
%
 
100
%
CET(2)(3)
Brazil
 

 
13

 
N/A

 
72
%
Chigen affiliates (4)
China
 

 
2

 
N/A

 
35
%
Elsta(2)(5)
Netherlands
 
120

 
219

 
50
%
 
50
%
Entek
Turkey
 
165

 
234

 
50
%
 
50
%
Guacolda
Chile
 
245

 
196

 
35
%
 
35
%
OPGC
India
 
186

 
199

 
49
%
 
49
%
Trinidad Generation Unlimited(2)(6)
Trinidad
 

 
24

 
N/A

 
10
%
Other affiliates
Various
 
3

 
2

 
 
 
 
Total investments in and advances to affiliates
 
 
$
1,010

 
$
1,196

 
 
 
 

(1)
Represent our investments in AES Solar Energy Ltd in Europe, AES Solar Power LLC in the United States and AES Solar Power, PR, LLC in Puerto Rico. The collective solar energy affiliates were consolidated into a single entity, Silver Ridge Power, during 2013.
(2)
Represent VIEs in which the Company holds a variable interest, but is not the primary beneficiary.
(3) 
The Company acquired all of the noncontrolling interests of CET during the fourth quarter of 2013, which resulted in the consolidation of this entity.
(4) 
Represent our investment in Chengdu AES Kaihua Gas Turbine Company Ltd. The Company disposed of this investment during the first quarter of 2013.
(5) 
The Company recognized a $129 million impairment of its investment in Elsta during 2013. For additional information see Note 9 — Other Non-Operating Expense.
(6) 
The Company sold its interest in Trinidad Generation Unlimited during the third quarter of 2013.
Investments In and Advances to Affiliates Financial Information
The following tables summarize financial information of the Company’s 50%-or-less owned affiliates and majority-owned unconsolidated subsidiaries that are accounted for using the equity method.
 
50%-or-less Owned Affiliates
 
Majority-Owned Unconsolidated Subsidiaries
Years ended December 31,
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
(in millions)
 
(in millions)
Revenue
$
1,099

 
$
1,868

 
$
1,668

 
$
2

 
$
106

 
$
24

Operating margin
295

 
355

 
258

 

 
26

 
24

Net income (loss)
53

 
146

 
(5
)
 

 
(5
)
 
(5
)
 
 
 
 
 
 
 
 
 
 
 
 
December 31,
2013
 
2012
 
 
 
2013
 
2012
 
 
 
(in millions)
 
 
 
(in millions)
 
 
Current assets
$
842

 
$
1,097

 
 
 
$
1

 
$
2

 
 
Noncurrent assets
3,722

 
5,253

 
 
 
20

 
38

 
 
Current liabilities
600

 
680

 
 
 
1

 
55

 
 
Noncurrent liabilities
2,096

 
2,899

 
 
 
75

 
20

 
 
Noncontrolling interests
15

 
(228
)
 
 
 

 

 
 
Stockholders’ equity
1,853

 
2,999

 
 
 
(55
)
 
(35
)