Equity method investments in unconsolidated affiliates

6 Months Ended

Jun. 30, 2020

Equity method investments in unconsolidated affiliates

Equity method investments in unconsolidated affiliates

4. Equity method investments in unconsolidated affiliates

The following summarizes the operating results for the three and six months ended June 30, 2020 and 2019, respectively, for our proportional ownership interest in equity method investments:

	Three Months Ended June 30,				Six Months Ended June 30,
Operating results	2020		2019		2020		2019
Revenue
Frederickson	$	6.1	$	10.2	$	14.2	$	16.1
Orlando Cogen, LP		14.6		15.3		29.1		30.7
Chambers Cogen, LP		9.0		9.1		19.6		20.6
Craven County Wood Energy, LP (1)		0.7		—		3.8		—
Grayling Generating Station, LP (1)		0.1		—		1.6		—
		30.5		34.6		68.3		67.4
Project expenses
Frederickson		5.0		9.0		10.5		12.4
Orlando Cogen, LP		6.8		7.1		13.1		14.6
Chambers Cogen, LP		7.9		8.6		16.0		17.2
Craven County Wood Energy, LP (1)		3.2		—		5.7		—
Grayling Generating Station, LP (1)		1.1		—		2.4		—
		24.0		24.7		47.7		44.2
Project other expenses
Frederickson		—		—		—		—
Orlando Cogen, LP		—		—		—		—
Chambers Cogen, LP		(0.4)		(0.5)		(0.8)		(0.9)
Craven County Wood Energy, LP (1)		—		—		—		—
Grayling Generating Station, LP (1)		—		—		—		—
		(0.4)		(0.5)		(0.8)		(0.9)
Net income (loss)
Frederickson		1.1		1.2		3.7		3.7
Orlando Cogen, LP		7.8		8.2		16.0		16.1
Chambers Cogen, LP		0.7		—		2.8		2.5
Craven County Wood Energy, LP (1)		(2.5)		—		(1.9)		—
Grayling Generating Station, LP (1)		(1.0)		—		(0.8)		—
Equity in earnings of unconsolidated affiliates	$	6.1	$	9.4	$	19.8	$	22.3
Distributions from equity method investments		(15.5)		(19.6)		(21.6)		(25.4)
Deficit in earnings of equity method investments, net of distributions	$	(9.4)	$	(10.2)	$	(1.8)	$	(3.1)

(1) We acquired our equity interests in Craven Country Wood Energy, LP and Grayling Generating Station, LP on August 13, 2019.