XML 76 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investment In and Advances To Affiliates
6 Months Ended
Jun. 30, 2014
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
INVESTMENTS IN AND ADVANCES TO AFFILIATES
INVESTMENTS IN AND ADVANCES TO AFFILIATES
Summarized Financial Information
The following tables summarize financial information of the Company’s 50%-or-less owned affiliates that are accounted for using the equity method.
 
50%-or-less Owned Affiliates
For the Six months ended June 30,
2014
 
2013
 
(in millions)
Revenue
$
568

 
$
624

Operating margin
150

 
150

Net income
107

 
13


Guacolda
On April 11, 2014, AES Gener undertook a series of transactions, pursuant to which AES Gener acquired the interests it did not previously own in Guacolda for $728 million and simultaneously sold the ownership interest to Global Infrastructure Partners ("GIP") for $730 million. The transaction provided GIP with substantive participating rights in Guacolda, and, as a result, the Company continues to account for its investment in Guacolda using the equity method of accounting.