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ASSET RETIREMENT OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2015
ASSET RETIREMENT OBLIGATIONS  
Schedule of movement in asset retirement obligations

 

December 31,

 

2015

 

2014

 

(millions of Canadian dollars)

 

 

 

 

 

Obligations at beginning of year

 

185

 

24

 

Liabilities incurred

 

2

 

177

 

Liabilities settled

 

(45

)

(24

)

Change in estimate

 

30

 

-

 

Foreign currency translation adjustment

 

21

 

5

 

Accretion expense

 

5

 

3

 

Obligations at end of year

 

198

 

185

 

Presented as follows:

 

 

 

 

 

Accounts payable and other (Note 16)

 

9

 

53

 

Other long-term liabilities (Note 18)

 

189

 

132

 

 

 

198

 

185