COMMITMENTS, CONTINGENCIES AND GUARANTEES (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Annual Payments

Future annual payments under the Company's operating leases for various premises, services and equipment as well as fixed payments on Alberta PPAs, net of sublease receipts, are approximately as follows:

year ended December 31	Minimum Lease Payments	Amounts Recoverable under Sub-leases	Net Payments
(millions of Canadian $)
2016	354	46	308
2017	355	45	310
2018	270	26	244
2019	248	24	224
2020	185	20	165
2021 and thereafter	311	1	310
	1,723	162	1,561

Schedule of Generating Capacities and Expiry Dates of the PPAs

The generating capacities and expiry dates of the PPAs are as follows:

	MW	Expiry Date
Sundance A	560	December 31, 2017
Sheerness	756	December 31, 2020

Schedule of Guarantees

Information regarding the Company’s guarantees is as follows:

		2015		2014
year ended December 31	Term	Potential Exposure1	Carrying Value	Potential Exposure1	Carrying Value
(millions of Canadian $)
Bruce Power	Ranging to 20182	88	2	634	6
Other jointly owned entities	Ranging to 2040	139	24	104	14
		227	26	738	20

¹  TCPL's share of the potential estimated current or contingent exposure.

²  Except for one guarantee with no termination date.