Related Party Transactions

12 Months Ended

Dec. 31, 2014

Certain of our businesses in Panama, the Dominican Republic and Kazakhstan are partially owned by governments either directly or through state-owned institutions. In the ordinary course of business, these businesses enter into energy purchase and sale transactions, and transmission agreements with other state-owned institutions which are controlled by such governments. At two of our generation businesses in Mexico, the offtakers exercise significant influence, but not control, through representation on these businesses’ Boards of Directors. These offtakers are also required to hold a nominal ownership interest in such businesses. In Chile, we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting. Additionally, the Company provides certain support and management services to several of its affiliates under various agreements.

The Company’s Consolidated Statements of Operations included the following transactions with related parties for the periods indicated:



	Years Ended December 31,
	2014		2013		2012
	(in millions)
Revenue—Non-Regulated	$	830	$	825	$	820
Cost of Sales—Non-Regulated	218		161		120
Interest expense	8		5		10

The following table summarizes the balances receivable from and payable to related parties included in the Company’s Consolidated Balance Sheets as of the periods indicated:



	December 31,
	2014		2013
	(in millions)
Receivables from related parties	$	178	$	109
Accounts and notes payable to related parties	209		67

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details