VARIABLE INTEREST ENTITIES (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of consolidated Other Limited Partnerships assets and liabilities included in the Consolidated Statements of Financial Position

June 30,	2016
(millions of Canadian dollars)
Cash and cash equivalents	417

Restricted cash	3

Accounts receivable and other	797

Accounts receivable from affiliates	3

Inventory	74

	1,294

Property, plant and equipment, net	44,569

Long-term investments	959

Restricted long-term investments	71

Deferred amounts and other assets	1,799

Intangible assets, net	456

Goodwill	29

Deferred income taxes	240

	49,417



Bank indebtedness	(127)

Accounts payable and other	(1,452)

Accounts payable to affiliates	(66)

Interest payable	(172)

Environmental liabilities	(155)

Current maturities of long-term debt	(406)

	(2,378)

Long-term debt	(16,228)

Other long-term liabilities	(1,402)
Deferred income taxes	(1,430)

	(21,438)

Net assets before noncontrolling interests	27,979

Schedule of carrying amount of investment and maximum loss exposure of unconsolidated variable interest entities

June 30, 2016	Carrying Amount of Investment in VIE	Enbridge’s Maximum Exposure to Loss
(millions of Canadian dollars)
Vector Pipeline L.P.1	147	147

Aux Sable Liquid Products L.P.1	185	185

Rampion Offshore Wind Limited2	274	457

Eddystone Rail Company, LLC3	18	23

Illinois Extension Pipeline Company, L.L.C.1	744	744

Eolien Maritime France SAS4	60	679

Other1	17	17

	1,445	2,252

At June 30, 2016, the maximum exposure to loss for these entities are limited to the Company’s equity investment as these companies are in operation and self-sustaining.

At June 30, 2016, the maximum exposure to loss includes the portion of the Company’s parental guarantee that has been committed in project construction contracts in which the Company would be liable for in the event of default by the VIE.

At June 30, 2016, the maximum exposure to loss includes the carrying value of an outstanding loan issued by the Company.

- 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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