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Related Party Transactions
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
RELATED PARTY TRANSACTIONS

27. RELATED PARTY TRANSACTIONS

Certain of our businesses in Panama, the Dominican Republic, Kazakhstan and Cameroon 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' Board 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 investments which are 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 years indicated:

   Years Ended December 31,
   2012 2011 2010
           
   (in millions)
Revenue - Non-Regulated  $ 926 $ 736 $ 686
Revenue - Regulated    37   39   26
Cost of Sale - Non-Regulated    63   77   36
Interest expense   8  4  2
Other income  4  6   -

The following table summarizes the balances receivable from and payable to related parties included in the Company's Consolidated Balance Sheets as of December 31, 2012 and 2011:

 

During 2011, the Company sold 19% of its interest in Mong Duong to Stable Investment Corporation, a subsidiary of China Investment Corporation. Terrific Investment Corporation, also a subsidiary of China Investment Corporation, owns approximately 15% of the Company's outstanding shares of common stock and has representation on the Company's Board of Directors.