DEBT (Tables)

12 Months Ended

Dec. 31, 2013

DEBT

Schedule of debt

	Weighted Average
December 31,	Interest Rate	Maturity	2013		2012
(millions of Canadian dollars)
Liquids Pipelines
Debentures	8.2%	2024	200		200
Medium-term notes1	4.8%	2015-2043	2,985		2,435
Southern Lights project financing2	2.7%	2014	1,480		1,413
Commercial paper and credit facility draws			266		25
Other3			11		12
Gas Distribution
Debentures	9.9%	2024	85		85
Medium-term notes	5.3%	2014-2050	2,702		2,295
Commercial paper and credit facility draws			374		590
Sponsored Investments
Junior subordinated notes4	8.1%	2067	425		398
Medium-term notes	3.9%	2014-2023	1,615		1,615
Senior notes5	6.3%	2014-2040	4,201		4,129
Commercial paper and credit facility draws6			717		1,405
Corporate
United States dollar term notes7	4.2%	2015-2023	2,393		1,094
Medium-term notes	4.6%	2015-2042	4,518		4,268
Commercial paper and credit facility draws8			3,598		1,488
Other9			(28	)	(14	)
Total debt			25,542		21,438
Current maturities			(2,811	)	(652	)
Short-term borrowings10			(374	)	(583	)
Long-term debt			22,357		20,203

1 Included in medium-term notes is $100 million with a maturity date of 2112.

2 2013 - $352 million and US$1,061 million (2012 - $357 million and US$1,061 million).

3 Primarily capital lease obligations.

4 2013 - US$400 million (2012 - US$400 million).

5 2013 - US$3,950 million (2012 - US$4,150 million).

6 2013 - $41 million and US$635 million (2012 - $250 million and US$1,160 million).

7 2013 - US$2,250 million (2012 - US$1,100 million).

8 2013 - $2,476 million and US$1,055 million (2012 - $1,140 million and US$350 million).

9 Primarily debt discount.

10 Weighted average interest rate - 1.1% (2012 - 1.1%).

Schedule of interest expense

INTEREST EXPENSE

Year ended December 31,	2013		2012		2011
(millions of Canadian dollars)
Debentures and term notes	1,123		986		891
Commercial paper and credit facility draws	34		33		74
Southern Lights project financing	40		38		38
Capitalized	(250	)	(216	)	(75	)
	947		841		928

Schedule of credit facilities

		December 31, 2013			December 31, 2012
	Maturity Dates2	Total Facilities	Draws3	Available	Total Facilities
(millions of Canadian dollars)
Liquids Pipelines	2015	300	266	34	300
Gas Distribution	2014-2019	713	382	331	712
Sponsored Investments	2015-2018	4,781	809	3,972	3,162
Corporate	2015-2018	11,805	3,651	8,154	9,108
		17,599	5,108	12,491	13,282
Southern Lights project financing1	2014-2015	1,570	1,498	72	1,484
Total credit facilities		19,169	6,606	12,563	14,766

1 Total facilities inclusive of $63 million for debt service reserve letters of credit.

2 Total facilities include $35 million in demand facilities with no specified maturity date.

3 Includes facility draws, letters of credit and commercial paper issuances that are back-stopped by the credit facility.