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VARIABLE INTEREST ENTITIES (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Assets and Liabilities of Consolidated VIEs

The following table includes assets to be used to settle liabilities of our consolidated VIEs and liabilities of our consolidated VIEs for which creditors do not have recourse to our general credit as the primary beneficiary. These assets and liabilities are included in the Consolidated Statements of Financial Position.



December 31,	2019¹	2018
(millions of Canadian dollars)
Assets
Cash and cash equivalents	208	506
Restricted cash	1	61
Accounts receivable and other	76	2,006
Accounts receivable from affiliates	—	38
Inventory	4	244
	289	2,855
Property, plant and equipment, net	3,392	72,349
Long-term investments	15	6,481
Restricted long-term investments	69	244
Deferred amounts and other assets	4	3,156
Intangible assets, net	124	705
Goodwill	—	29
Deferred income taxes	—	131
	3,893	85,950
Liabilities
Short-term borrowings	—	275
Accounts payable and other	56	2,925
Accounts payable to affiliates	—	4
Interest payable	—	303
Environmental liabilities	—	22
Current portion of long-term debt	—	1,034
	56	4,563
Long-term debt	—	29,577
Other long-term liabilities	130	5,074
Deferred income taxes	5	6,911
	191	46,125
Net assets before noncontrolling interests	3,702	39,825

1 Excludes assets and liabilities of EEP and SEP following the subsidiary guarantees agreement entered on January 22, 2019 (Note 32).

Schedule of the Carrying Amount of Interest in VIEs

The carrying amount of our interest in VIEs that are unconsolidated and our estimated maximum exposure to loss as at December 31, 2019 and 2018 are presented below:



	Carrying Amount of Investment	Enbridge’s Maximum Exposure to
December 31, 2019	in VIE	Loss
(millions of Canadian dollars)
Aux Sable Liquid Products L.P.¹	267	331
Eolien Maritime France SAS²	67	725
Enbridge Renewable Infrastructure Investments S.a.r.l.³	141	2,720
Gray Oak Holdings LLC⁴	463	935
PennEast Pipeline Company, LLC⁵	106	368
Rampion Offshore Wind Limited⁶	600	620
Vector Pipeline L.P.⁷	195	392
Other⁸	57	57
	1,896	6,148



	Carrying Amount of Investment	Enbridge’s Maximum Exposure to
December 31, 2018	in VIE	Loss
(millions of Canadian dollars)
Aux Sable Liquid Products L.P.¹	311	375
Eolien Maritime France SAS²	68	784
Enbridge Renewable Infrastructure Investments S.a.r.l.³	127	3,037
Illinois Extension Pipeline Company, L.L.C.⁸	724	724
NEXUS Gas Transmission, LLC⁹	1,757	2,668
PennEast Pipeline Company, LLC⁵	97	385
Rampion Offshore Wind Limited⁶	638	648
Vector Pipeline L.P.⁷	198	301
Other⁸	27	27
	3,947	8,949


1	At December 31, 2019 and 2018, the maximum exposure to loss includes a guarantee issued by us for our respective share of the VIE’s borrowing on a bank credit facility.


2	At December 31, 2019 and 2018, the maximum exposure to loss includes the portion of our parental guarantee that has been committed in project construction contracts for which we would be liable in the event of default by the VIE and an outstanding affiliate loan receivable for $166 million and $202 million held by us as at December 31, 2019 and 2018, respectively.


3	At December 31, 2019 and 2018, the maximum exposure to loss includes the portion of our parental guarantee that has been committed in project construction contracts for which we would be liable in the event of default by the VIE and an outstanding affiliate loan receivable for $766 million and $461 million held by us as at December 31, 2019 and 2018, respectively.


4	At December 31, 2019, the maximum exposure to loss includes our portion of project construction costs.


5	At December 31, 2019 and 2018, the maximum exposure to loss includes the remaining expected contributions to the joint venture.


6	At December 31, 2019 and 2018, the maximum exposure to loss includes the portion of our parental guarantee that has been committed in project construction contracts for which we would be liable in the event of default by the VIE.


7	At December 31, 2019 and 2018, the maximum exposure to loss includes the carrying value of an outstanding affiliate loan receivable for $92 million and $102 million held by us as at December 31, 2019 and 2018, respectively, in addition to us providing a credit facility for $105 million as at December 31, 2019.


8	At December 31, 2019 and 2018, the maximum exposure to loss is limited to our equity investment as these companies are in operation and self-sustaining.


9	As at December 31, 2018, the maximum exposure to loss includes the remaining expected contributions to the joint venture and parental guarantees for our portion of capacity lease agreements.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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