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ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2012
Silver State North Solar Project
 
ACQUISITIONS  
Schedule of purchase price allocation

 

March 22,

 

2012

 

(millions of Canadian dollars)

 

 

 

Fair value of net assets acquired:

 

 

 

Accounts receivable and other1 

 

54

 

Property, plant and equipment

 

141

 

 

 

195

 

Purchase price:

 

 

 

Cash

 

195

 

 

1            The Company acquired the right to apply for a $54 million (US$55 million) United States Treasury grant under a program which reimburses eligible applicants for a portion of costs related to installing specified renewable energy property. The grant, which was applied for subsequent to commercial operations, was received in October 2012.

Tonbridge
 
ACQUISITIONS  
Schedule of purchase price allocation

 

October 13,

 

2011

 

(millions of Canadian dollars)

 

 

 

Fair value of net assets acquired:

 

 

 

Working capital deficiency

 

(5

)

Property, plant and equipment

 

196

 

Intangible assets

 

17

 

Long-term debt

 

(182

)

Other long-term liabilities

 

(21

)

 

 

5

 

Purchase price:

 

 

 

Cash (net of $15 million cash acquired)

 

5

 

Elk City System
 
ACQUISITIONS  
Schedule of purchase price allocation

 

September 16,

 

2010

 

(millions of Canadian dollars)

 

 

 

Fair value of net assets acquired:

 

 

 

Current assets

 

4

 

Property, plant and equipment

 

503

 

Intangible assets1

 

194

 

Other assets

 

5

 

Other long-term liabilities

 

(1

)

 

 

705

 

Purchase price:

 

 

 

Cash

 

705

 

 

1           Intangible assets acquired are natural gas supply opportunities, which are being amortized on a straight line basis over the weighted average estimated useful life of the underlying reserves at the time of acquisition, which approximate 25 to 30 years.