Note 13 – Restricted Cash

At December 31, 2014 and 2013, the Company had a restricted cash balance of $1.9 million and $1.1 million, respectively. Of these amounts, $0.9 million and $1.1 million at December 31, 2014 and 2013, respectively, are related to the Company’s Sun Life debt covenants. See the Sun Life Debt Covenant section of Note 17 – Credit Facilities and Long-Term Debt for more information regarding these restricted funds. The remaining $0.9 million at December 31, 2014 is related to a deposit paid in the first quarter of 2014 to Bangor Gas, a subsidiary of the Company, by Verso Bucksport Power LLC (“Verso”) as a required condition related to Verso acquiring the rights of H.Q. Energy Services (U.S.) Inc. under a gas transportation service agreement with Bangor Gas. Bangor Gas is restricted from using these funds unless and until a default under this agreement has occurred. This deposit will be refunded to Verso at the termination of the gas transportation service agreement.