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CONSOLIDATED STATEMENT OF EQUITY - CAD
CAD in Millions
Total
Equity Attributable to Controlling Interests
Common Shares
Preferred Shares
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Equity Attributable to Non-Controlling Interests
Beginning balance at Dec. 31, 2012     CAD 14,306 CAD 389 CAD 400 CAD 4,657 CAD (1,448)  
Increase (decrease) in equity                
Proceeds from shares issued (Note 19)     899          
Issuance of stock options, net of exercises         7      
Dilution impact from TC PipeLines, LP units issued         29     CAD 384
Redemption of preferred shares       (195) (5)      
Net (loss)/income attributable to controlling interests CAD 1,789         1,789    
Common share dividends           (1,301)    
Preferred share dividends           (20)    
Other comprehensive income/(loss) (Note 21) 580           514  
Ending balance at Dec. 31, 2013   CAD 20,021 15,205 194 431 5,125 (934)  
Beginning balance at Dec. 31, 2012               1,036
Equity Attributable to Non-Controlling Interests                
TC PipeLines, LP               93
Portland Natural Gas Transmission System 105             12
Other comprehensive income attributable to non-controlling interests               66
Issuance of TC PipeLines, LP units                
Proceeds, net of issue costs         29     384
Decrease in TCPL's ownership of TC PipeLines, LP               (47)
Distributions declared to non-controlling interests               (146)
Other               19
Ending balance at Dec. 31, 2013               1,417
Issuance of TC PipeLines, LP units                
Total Equity 21,438              
Proceeds from shares issued (Note 19)     1,115          
Issuance of stock options, net of exercises         7      
Dilution impact from TC PipeLines, LP units issued         9     79
Redemption of preferred shares       CAD (194) (6)      
Impact of asset drop downs to TC PipeLines, LP (Note 25)         (37)      
Net (loss)/income attributable to controlling interests 1,843         1,843    
Common share dividends           (1,360)    
Preferred share dividends           (2)    
Other comprehensive income/(loss) (Note 21) (171)           (301)  
Ending balance at Dec. 31, 2014 21,095 21,095 16,320   404 5,606 (1,235)  
Equity Attributable to Non-Controlling Interests                
TC PipeLines, LP               136
Portland Natural Gas Transmission System 151             15
Other comprehensive income attributable to non-controlling interests               130
Issuance of TC PipeLines, LP units                
Proceeds, net of issue costs         9     79
Decrease in TCPL's ownership of TC PipeLines, LP               (14)
Distributions declared to non-controlling interests               (180)
Ending balance at Dec. 31, 2014 1,583             1,583
Issuance of TC PipeLines, LP units                
Total Equity 22,678              
Issuance of stock options, net of exercises         13      
Dilution impact from TC PipeLines, LP units issued         6     55
Impact of asset drop downs to TC PipeLines, LP (Note 25)         (213)      
Net (loss)/income attributable to controlling interests (1,146)         (1,146)    
Common share dividends           (1,471)    
Other comprehensive income/(loss) (Note 21) 602           296  
Ending balance at Dec. 31, 2015 18,580 CAD 18,580 CAD 16,320   210 CAD 2,989 CAD (939)  
Equity Attributable to Non-Controlling Interests                
TC PipeLines, LP               (13)
Portland Natural Gas Transmission System 6             19
Other comprehensive income attributable to non-controlling interests               306
Issuance of TC PipeLines, LP units                
Proceeds, net of issue costs         CAD 6     55
Decrease in TCPL's ownership of TC PipeLines, LP               (11)
Distributions declared to non-controlling interests               (222)
Ending balance at Dec. 31, 2015 1,717             CAD 1,717
Issuance of TC PipeLines, LP units                
Total Equity CAD 20,297