CAPITAL CONSTRUCTION FUND

6 Months Ended

Jun. 30, 2015

CAPITAL CONSTRUCTION FUND

CAPITAL CONSTRUCTION FUND

4.CAPITAL CONSTRUCTION FUND

At June 30, 2015 and December 31, 2014, the Company had the following amounts of assigned eligible accounts receivable, and on deposit to the Capital Construction Fund (“CCF”) (in millions):

	CCF Deposits and Withdrawals			Eligible Accounts Receivable Assigned to CCF		Total
Three Months Ended June 30, 2015:
Balance at March 31, 2015	$	27.5		$	150.9	$	178.4
Deposits	—			—		—
Qualified withdrawals	—			—		—
Interest earned	—			0.2		0.2
Balance at June 30, 2015	$	27.5		$	151.1	$	178.6
Six Months Ended June 30, 2015:
Balance at December 31, 2014	$	27.5		$	150.7	$	178.2
Deposits	2.2			—		2.2
Qualified withdrawals	(2.2		)	—		(2.2		)
Interest earned	—			0.4		0.4
Balance at June 30, 2015	$	27.5		$	151.1	$	178.6

Due to the nature of the assignment of eligible account receivables into the CCF, such assigned amounts are classified as part of accounts receivable in the Condensed Consolidated Balance Sheets.  The Company’s CCF on deposit of $27.5 million at June 30, 2015 and December 31, 2014, was invested in a money market fund, and is classified as a long-term asset in the Company’s Condensed Consolidated Balance Sheets.

The Company’s CCF is described in Note 6 to the Consolidated Financial Statements included in Item 8 of the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2014.