1.0.0.3 false Sale of Channelview's Plant and the Bankruptcy Filings false 1 $ false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Sale of Channelview's Plant and Bankruptcy Filings 0 rri_SaleOfChannelviewSPlantAndBankruptcyFilings rri false na duration string Sale of Channelview's Plant and Bankruptcy Filings false false false false false true false false false 1 false false 0 0 false false Sale of Channelview's Plant and Bankruptcy Filings false 3 Sale Channelview's Plant and the Bankruptcy Filings 1 rri_SaleChannelviewSPlantAndBankruptcyFilings rri false na duration string Description of circumstances surrounding the bankruptcy filings and subsequent asset sale of Channelview. false false false false false false false false false 1 false false 0 0 <div><div><p class="Heading2A" style="margin-top: 0in; margin-right: 0in; margin-bottom: 10.0pt; margin-left: .3in; text-indent: -.3in; font-size: 10.0pt; font-family: 'Times New Roman Bold'; layout-grid-mode: line; font-weight: bold;"><a name="_AUC9a656b6fbfbc4aa98b685d1b3389dadf">(22) </a> Sale of Channelview’s Plant and the Bankruptcy Filings In August 2007, Channelview filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware for reorganization under Chapter 11 of the Bankruptcy Code.  Channelview filed for bankruptcy protection to prevent the lenders from exercising their remedies, including foreclosing on the project.  The bankruptcy cases were jointly administered, with Channelview managing its business in the ordinary course as debtors-in-possession subject to the supervision of the bankruptcy court.  Channelview emerged from bankruptcy in October 2009. In July 2008, Channelview sold its plant and related contracts for $500 million and paid off its secured lenders.  During 2008, we recognized a $6 million gain relating to our net investment in and receivables from Channelview and incurrence of sale-related costs (classified in gains (losses) on sales of assets and emission and exchange allowances, net).  As of December 31, 2008, our net investment in and receivables from Channelview was $59 million, classified as a current asset. Channelview has distributed funds to us relating primarily to net proceeds from the sale, pre-petition sales of fuel to Channelview and funds from operations.  We received $25 million during 2008 and $35 million during 2009. As a result of the bankruptcies, we deconsolidated Channelview’s financial results from August 2007 through October 2009 and reported our investment in Channelview using the cost method.  The following table describes the assets we consolidated upon the emergence from bankruptcy of Channelview: <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="font-size: 10.0pt; font-family: 'Times New Roman'; border-collapse: separate;"> <tr> <td width="512" valign="bottom" style="width: 384.0pt; padding: 0in 0in 0in 0in; border-top: 0px;"> <pre style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman'; text-autospace: none;"><code>   </code></pre></td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;">   </td> <td width="96" valign="bottom" style="width: 1.0in; border: none; border-bottom: solid windowtext 1.0pt; padding: 0in 0in 0in 0in; border-top: 0px;"> December 31, 2009 </td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;">   </td> </tr> <tr> <td width="512" valign="bottom" style="width: 384.0pt; padding: 0in 0in 0in 0in; border-top: 0px;"> <pre style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman'; text-autospace: none;"><code>   </code></pre></td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;">   </td> <td width="96" valign="bottom" style="width: 1.0in; border: none; padding: 0in 0in 0in 0in; border-top: 0px;"> (in millions) </td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;">   </td> </tr> <tr> <td width="512" valign="bottom" style="width: 384.0pt; padding: 0in 0in 0in 0in; border-top: 0px;"> <pre style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman'; text-autospace: none;"><code>   </code></pre></td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;">   </td> <td width="96" valign="bottom" style="width: 1.0in; padding: 0in 0in 0in 0in; border-top: 0px;">   </td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;">   </td> </tr> <tr> <td width="512" valign="bottom" style="width: 384.0pt; padding: 0in 0in 0in 0in; border-top: 0px;"> <pre style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman'; text-autospace: none;"><code> Restricted cash.............................................................................................................................................. </code></pre></td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;">   </td> <td width="96" valign="bottom" style="width: 1.0in; padding: 0in 0in 0in 0in; border-top: 0px;">    $            17 </td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;"> (1) </td> </tr> <tr> <td width="512" valign="bottom" style="width: 384.0pt; padding: 0in 0in 0in 0in; border-top: 0px;"> <pre style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman'; text-autospace: none;"><code> Deferred tax assets relating to federal and state net operating loss carryforwards............................ </code></pre></td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;">   </td> <td width="96" valign="bottom" style="width: 1.0in; padding: 0in 0in 0in 0in; border-top: 0px;">                  18 </td> <td width="16" valign="bottom" style="width: 12.0pt; padding: 0in 0in 0in 0in; border-top: 0px;"> (2) </td> </tr> </table> ______________ (1)     Of this amount, $10 million is payable to a third party and included in accounts payable in our consolidated balance sheet as of December 31, 2009. (2)     We had assessed our future ability to use these deferred tax assets and had provided a valuation allowance for this amount in our consolidated balance sheet prior to the reconsolidation.  See note 14. </div></div> (22)  Sale of Channelview’s Plant and the Bankruptcy Filings In August 2007, Channelview filed voluntary petitions in the United States false false Description of circumstances surrounding the bankruptcy filings and subsequent asset sale of Channelview. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true