EQUITY INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2019

EQUITY INVESTMENTS

Schedule of equity investments and summarized financial information for equity investees

	Ownership		Equity Earnings		Equity Investments
	Interest at		Three months
(unaudited)	March 31,		Ended March 31,		March 31,	December 31,
(millions of dollars)	2019		2019	2018	2019	2018
Northern Border	50	%	21	17	489	497
Great Lakes	46.45	%	20	24	498	489
Iroquois	49.34	%	13	18	209	210
			54	59	1,196	1,196

Northern Border

EQUITY INVESTMENTS

Schedule of equity investments and summarized financial information for equity investees

(unaudited)
(millions of dollars)	March 31, 2019	December 31, 2018
ASSETS
Cash and cash equivalents	14	10
Other current assets	38	36
Property, plant and equipment, net	1,023	1,037
Other assets	13	13
	1,088	1,096
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities	41	34
Deferred credits and other	35	35
Long-term debt, net (a)	264	264
Partners’ equity
Partners’ capital	749	764
Accumulated other comprehensive loss	(1)	(1)
	1,088	1,096

	Three months ended
(unaudited)	March 31,
(millions of dollars)	2019	2018
Transmission revenues	81	72
Operating expenses	(20)	(19)
Depreciation	(15)	(15)
Financial charges and other	(4)	(4)
Net income	42	34

(a)No current maturities as of March 31, 2019 and December 31, 2018. At March 31, 2019, Northern Border is in compliance with all its financial covenants.

Great Lakes

EQUITY INVESTMENTS

Schedule of equity investments and summarized financial information for equity investees

(unaudited)
(millions of dollars)	March 31, 2019	December 31, 2018
ASSETS
Current assets	86	75
Property, plant and equipment, net	685	689
	771	764
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities	25	26
Net long-term debt, including current maturities (a)	229	240
Other long-term liabilities	4	4
Partners' equity	513	494
	771	764

	Three months ended
(unaudited)	March 31,
(millions of dollars)	2019	2018
Transmission revenues	72	81
Operating expenses	(16)	(17)
Depreciation	(8)	(8)
Financial charges and other	(4)	(4)
Net income	44	52

(a)    Includes current maturities of $21 million as of March 31, 2019 and as of December 31, 2018. At March 31, 2019, Great Lakes is in compliance with all its financial covenants.

Iroquois

EQUITY INVESTMENTS

Schedule of equity investments and summarized financial information for equity investees

(unaudited)
(millions of dollars)	March 31, 2019	December 31, 2018
ASSETS
Cash and cash equivalents	84	80
Other current assets	30	32
Property, plant and equipment, net	576	581
Other assets	16	8
	706	701
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities	19	19
Long-term debt, net (a)	325	325
Other non-current liabilities	20	14
Partners' equity	342	343
	706	701

	Three months ended
(unaudited)	March 31,
(millions of dollars)	2019	2018
Transmission revenues	52	60
Operating expenses	(15)	(14)
Depreciation	(7)	(7)
Financial charges and other	(3)	(4)
Net income	27	35

^(a) Includes current maturities of $146 million as of March 31, 2019 and as of December 31, 2018. At March 31, 2019, Iroquois is in compliance with all its financial covenants.