Preferred Stock of Subsidiaries

9 Months Ended

Sep. 30, 2016

Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]

Subsidiary Preferred Stock

Preferred Stock of Subsidiaries

On August 30, 2016, Westcoast issued 12 million Cumulative 5-Year Minimum Rate Reset Redeemable First Preferred Shares, Series 12 for an aggregate principal amount of 300 million Canadian dollars (approximately $229 million as of the issuance date). Net proceeds from the issuance were used to fund capital expenditures and for general corporate purposes.