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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Transmission revenues $ 85 $ 82 $ 172 $ 169
Equity earnings from unconsolidated affiliates (Note 4) 15 18 46 51
Operation and maintenance expenses (13) (12) (24) (24)
Property taxes (5) (6) (11) (12)
General and administrative (1) (1) (4) (3)
Depreciation (21) (22) (42) (43)
Financial charges and other (16) (14) (29) (26)
Net income 44 45 108 112
Net income attributable to non-controlling interests   8 7 18
Net income attributable to controlling interests 44 37 101 94
Calculation of net income attributable to common units        
Net income attributable to controlling interests 44 37 101 94
Less: Net income allocated to the General Partner, including incentive distributions 2 1 3 2
Common units        
Calculation of net income attributable to common units        
Net Income allocated to common units (Note 8) $ 42 $ 36 $ 98 $ 92
Weighted average common units outstanding (millions) - basic (in units) 63.8 62.3 63.7 62.3
Weighted average common units outstanding (millions) - diluted (in units) 63.8 62.3 63.7 62.3
Net income per common unit (Note 8) - basic (in dollars per unit) $ 0.66 $ 0.58 $ 1.53 $ 1.48
Net income per common unit (Note 8) - diluted (in dollars per unit) $ 0.66 $ 0.58 $ 1.53 $ 1.48
Common units outstanding, end of period (millions) (in units) 64.0 62.3 64.0 62.3