VARIABLE INTEREST ENTITIES (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of assets and liabilities of consolidated VIEs included in the Consolidated Statements of Financial Position

December 31,	2016	2015
(millions of Canadian dollars)
Assets
Cash and cash equivalents	486	362
Restricted cash	-	26
Accounts receivable and other	781	972
Accounts receivable from affiliates	3	29
Inventory	53	54

	1,323	1,443
Property, plant and equipment, net	45,720	45,882
Long-term investments	954	1,005
Restricted long-term investments	83	45
Deferred amounts and other assets	1,949	1,806
Intangible assets, net	488	525
Goodwill	29	29
Deferred income taxes	231	267
Assets held for sale	278	-

	51,055	51,002

Liabilities
Bank indebtedness	172	33
Accounts payable and other	1,446	2,077
Accounts payable to affiliates	105	92
Interest payable	204	202
Environmental liabilities	140	139
Current maturities of long-term debt	342	760

	2,409	3,303
Long-term debt	20,176	19,998
Other long-term liabilities	1,207	1,340
Deferred income taxes	1,753	1,253

	25,545	25,894

Net assets before noncontrolling interests	25,510	25,108

Schedule of carrying amount of interest and maximum exposure to loss for unconsolidated VIEs

	Carrying	Enbridge’s
	Amount of	Maximum
	Investment	Exposure to
December 31, 2016	in VIE	Loss
(millions of Canadian dollars)
Vector Pipeline L.P.4	159	289
Aux Sable Liquid Products L.P.2	158	223
Rampion Offshore Wind Limited3	345	457
Eddystone Rail Company, LLC4	19	25
Illinois Extension Pipeline Company, L.L.C.1	759	759
Eolien Maritime France SAS5	58	686
Other1	17	17

	1,515	2,456

	Carrying	Enbridge’s
	Amount of	Maximum
	Investment	Exposure to
December 31, 2015	in VIE	Loss
(millions of Canadian dollars)
Vector Pipeline L.P.4	159	308
Aux Sable Liquid Products L.P.1	175	175
Rampion Offshore Wind Limited3	201	403
Eddystone Rail Company, LLC4	168	220
Illinois Extension Pipeline Company, L.L.C.1	713	713
Other1	15	15

	1,431	1,834

At December 31, 2016, the maximum exposure to loss for these entities is limited to the Company’s equity investment as these companies are in operation and self-sustaining.

At December 31, 2016, the maximum exposure to loss includes a guarantee by the Company for its respective share of the VIE’s borrowing on a bank credit facility.

At December 31, 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 December 31, 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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