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LONG-TERM INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Long-Term Investments
 
Ownership

 

 

December 31,
Interest

2018

2017

(millions of Canadian dollars)
 

 

 

EQUITY INVESTMENTS
 

 

 

Liquids Pipelines
 

 

 

Bakken Pipeline System1
27.6
%
2,039

1,938

Seaway Crude Pipeline System
50.0
%
3,113

2,882

Illinois Extension Pipeline Company, L.L.C.2
65.0
%
724

686

Other
30.0% - 43.8%

97

87

Gas Transmission and Midstream
 
 
 
Alliance Pipeline3
50.0
%
368

375

Aux Sable
42.7% - 50.0%

311

300

DCP Midstream, LLC4
50.0
%
2,368

2,143

Gulfstream Natural Gas System, L.L.C.4
50.0
%
1,289

1,205

Nexus Gas Transmission, LLC4
50.0
%
1,757

834

Offshore - various joint ventures
22.0% - 74.3%

400

389

PennEast Pipeline Company LLC4
20.0
%
97

69

Sabal Trail Transmission, LLC5
50.0
%
1,586

2,355

Southeast Supply Header L.L.C.4
50.0
%
519

486

Steckman Ridge LP4
49.5
%
237

221

Texas Express Pipeline6
35.0
%

430

Vector Pipeline L.P.
60.0
%
198

169

Other4
33.3% - 50.0%

6

34

Gas Distribution
 
 
 
Noverco Common Shares
38.9
%


Other4
50.0
%
15

15

Green Power and Transmission
 
 
 
Eolien Maritime France SAS
50.0
%
68

69

Enbridge Renewable Infrastructure Investments S.a.r.l.7
25.5
%
127

763

Rampion Offshore Wind Project
24.9
%
638

555

Other
19.0% - 50.0%

72

95

Eliminations and Other
 
 
 
Other
19.0% - 42.7%

10

26

OTHER LONG-TERM INVESTMENTS
 
 
 
Gas Distribution
 
 
 
Noverco Preferred Shares
 
478

371

Green Power and Transmission
 
 
 
Emerging Technologies and Other
 
80

80

Eliminations and Other
 
 
 
Other
 
110

67

 
 

16,707

16,644

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 20 - 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 8).
5
On February 27, 2017, we acquired Spectra Energy's consolidated interest in Sabal Trail as part of the Merger Transaction (Note 8). 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 August 1, 2018 the sale of Midcoast Operating, L.P. and its subsidiaries closed. Upon closing of the sale, our interest in the Texas Express NGL pipeline system was sold along with the MOLP assets. The carrying value of $447 million of our equity method investment in the Texas Express NGL pipeline system was included within the disposal group of the transaction. For further details on the sale transaction please refer to Note 8 - Acquisitions and Dispositions.
7
On February 8, 2017, we acquired an effective 50% interest in EnBW Hohe See GmbH & Co. KG. On August 1, 2018 we transferred our interest in the Hohe See Offshore wind facilities and its subsequent expansion to a newly formed entity, ERII. Subsequently, we sold a 49% interest in ERII to CPPIB, reducing our interest in the project to 25.5%.

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,
 
2018
2017
2016
 
Seaway

Other

Total

Seaway

Other

Total

Seaway

Other

Total

(millions of Canadian dollars)
 
 
 
 
 
 
 
 
 
Operating revenues
966

18,251

19,217

959

15,254

16,213

938

3,164

4,102

Operating expenses
212

15,422

15,634

286

12,911

13,197

293

3,051

3,344

Earnings/(loss)
646

2,308

2,954

672

2,056

2,728

643

(2
)
641

Earnings attributable to controlling interests
323

1,059

1,382

336

926

1,262

322

147

469

 
December 31, 2018
December 31, 2017
 
Seaway

Other

Total

Seaway

Other

Total

(millions of Canadian dollars)
 
 
 
 
 
 
Current assets
113

3,176

3,289

106

3,432

3,538

Non-current assets
3,585

45,531

49,116

3,329

41,697

45,026

Current liabilities
123

5,413

5,536

143

3,311

3,454

Non-current liabilities
16

15,859

15,875

13

13,582

13,595

Noncontrolling interests

3,479

3,479


3,191

3,191