Annual report pursuant to Section 13 and 15(d)

Eastern Interconnect Project (Details Textual)

v2.4.0.6
Eastern Interconnect Project (Details Textual) (USD $)
 1 Months Ended 12 Months Ended
Jun. 30, 2011
Nov. 30, 2012
Customer
kV
mi
Nov. 30, 2011
Nov. 01, 2012
Oct. 01, 2012
Eastern Interconnect Project (Textual) [Abstract]          
Percentage of ownership in Eastern Interconnect Project       40.00%  
Lease termination date   Apr. 01, 2015      
Fair value of lease option under agreement       $ 7,680,000  
Expected gain loss to be recognize upon completion of sale   0      
Undivided interest percentage of ownership acquired 100.00%        
Purchase price of Eastern Interconnect Project 15,600,000        
Outstanding debt assumption on purchase price of Eastern Interconnect Project 3,400,000   3,409,000    
Cost incurred in acquisition 600,000        
Length of transmission lines physical assets   216      
Power of transmission lines physical assets   345      
Estimated useful lives of assets   20 years      
Amount of depreciation of leased property   837,371 294,309    
Time period of additional accelerated depreciation   1 month      
Amount of additional accelerated depreciation   131,028      
Number of customers served   500,000      
Semi annual rent payment   1,420,000      
Intangible lease asset being amortized       1,094,771  
Note maturity date   Oct. 01, 2012      
Accrued interest rate         10.25%
Fully amortized contra-interest expense     186,493   186,493
Proceeds from Compensation for legal cost   100,000      
Incremental depreciation per quarter   $ 393,000