XML 125 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
LONG-TERM INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Long-Term Investments
 
Ownership

 

 

December 31,
Interest

2017

2016

(millions of Canadian dollars)
 

 

 

EQUITY INVESTMENTS
 

 

 

Liquids Pipelines
 

 

 

Bakken Pipeline System1
27.6
%
1,938


Eddystone Rail Company, LLC
100.0
%

19

Seaway Crude Pipeline System
50.0
%
2,882

3,129

Illinois Extension Pipeline Company, L.L.C.2
65.0
%
686

759

Other
30.0% - 43.8%

87

70

Gas Transmission and Midstream
 
 
 
Alliance Pipeline3
50.0
%
375

411

Aux Sable
42.7% - 50.0%

300

324

DCP Midstream, LLC4
50.0
%
2,143


Gulfstream Natural Gas System, L.L.C.4
50.0
%
1,205


Nexus Gas Transmission, LLC4
50.0
%
834


Offshore - various joint ventures
22.0% - 74.3%

389

435

PennEast Pipeline Company LLC4
20.0
%
69


Sabal Trail Transmission, LLC5
50.0
%
2,355


Southeast Supply Header L.L.C.4
50.0
%
486


Steckman Ridge LP4
49.5
%
221


Texas Express Pipeline
35.0
%
430

484

Vector Pipeline L.P.
60.0
%
169

159

Other4
33.3% - 50.0%

34

4

Gas Distribution
 
 
 
Noverco Common Shares
38.9
%


Other4
50.0
%
15


Green Power and Transmission
 
 
 
Eolien Maritime France SAS6
50.0
%
69

58

Hohe See Offshore Wind Project7
50.0
%
763


Rampion Offshore Wind Project
24.9
%
555

345

Other
19.0% - 50.0%

95

100

Eliminations and Other
 
 
 
Other
19.0% - 42.7%

26

15

OTHER LONG-TERM INVESTMENTS
 
 
 
Gas Distribution
 
 
 
Noverco Preferred Shares
 
371

355

Green Power and Transmission
 
 
 
Emerging Technologies and Other
 
80

90

Eliminations and Other
 
 
 
Other
 
67

79

 
 

16,644

6,836

1
On February 15, 2017, EEP acquired an effective 27.6% interest in the Dakota Access and Energy Transfer Crude Oil Pipelines (collectively, the Bakken Pipeline System) for a purchase price of $2 billion (US$1.5 billion). The Bakken Pipeline System was placed into service on June 1, 2017. For details regarding our funding arrangement, refer to Note 19 - Noncontrolling Interests.
2
Owns the Southern Access Extension Project.
3
Certain assets of the Alliance Pipeline are pledged as collateral to Alliance Pipeline lenders.
4
On February 27, 2017, we acquired Spectra Energy's interests in DCP Midstream, Gulfstream Natural Gas System, L.L.C, Nexus, PennEast, Southeast Supply Header L.L.C., Steckman Ridge LP and other equity investments as part of the Merger Transaction (Note 7).
5
On February 27, 2017, we acquired Spectra Energy's consolidated interest in Sabal Trail as part of the Merger Transaction (Note 7). On July 3, 2017, Sabal Trail was placed into service and the assets, liabilities, and noncontrolling interests were deconsolidated as at the in-service date.
6
On May 19, 2016, we acquired a 50% equity interest in Eolien Maritime France SAS.
7
On February 8, 2017, we acquired an effective 50% interest in EnBW Hohe See GmbH & Co. KG.
Summary of Combined Financial Information
Summarized combined financial information of our interest in unconsolidated equity investments (presented at 100%) is as follows:
 
Year Ended December 31,
 
2017
2016
2015
 
Seaway

Other

Total

Seaway

Other

Total

Seaway

Other

Total

(millions of Canadian dollars)
 
 
 
 
 
 
 
 
 
Operating revenues
959

15,254

16,213

938

3,164

4,102

833

3,054

3,887

Operating expenses
286

12,911

13,197

293

3,051

3,344

263

2,210

2,473

Earnings
672

2,056

2,728

643

(2
)
641

566

512

1,078

Earnings attributable to controlling interests
336

926

1,262

322

147

469

283

207

490

 
December 31, 2017
December 31, 2016
 
Seaway

Other

Total

Seaway

Other

Total

(millions of Canadian dollars)
 
 
 
 
 
 
Current assets
106

3,432

3,538

86

842

928

Non-current assets
3,329

41,697

45,026

3,651

12,264

15,915

Current liabilities
143

3,311

3,454

172

831

1,003

Non-current liabilities
13

13,582

13,595

13

5,121

5,134

Noncontrolling interests

3,191

3,191