ACQUISITION OF COLUMBIA (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The acquisition has been accounted for as a business combination using the acquisition method where the acquired tangible and intangible assets and assumed liabilities are recorded at their estimated fair values at the date of acquisition. The purchase price equation reflects management’s estimate of the fair value of Columbia’s assets and liabilities as at July 1, 2016.

	July 1, 2016
(millions of $)	U.S.		Canadian1
Purchase Price Consideration	10,294		13,392
Fair Value of Net Assets Acquired
Current assets	658		856
Plant, property and equipment	7,560		9,835
Equity investments	441		574
Regulatory assets	190		248
Intangibles and other assets	135		175
Current liabilities	(597	)	(777	)
Regulatory liabilities	(294	)	(383	)
Other long-term liabilities	(144	)	(187	)
Deferred income tax liabilities	(1,613	)	(2,098	)
Long-term debt	(2,981	)	(3,878	)
Non-controlling interests	(808	)	(1,051	)
Fair Value of Net Assets Acquired	2,547		3,314
Goodwill (Note 11)	7,747		10,078

1 At July 1, 2016 exchange rate of $1.30.

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table summarizes the acquisition date fair value of Columbia's debt acquired by TCPL.

(millions of $)	Maturity Date	Type	Fair Value	Interest Rate
COLUMBIA PIPELINE GROUP INC.
	June 2018	Senior Unsecured Notes (US$500)	US$506	2.45	%
	June 2020	Senior Unsecured Notes (US$750)	US$779	3.30	%
	June 2025	Senior Unsecured Notes (US$1000)	US$1,092	4.50	%
	June 2045	Senior Unsecured Notes (US$500)	US$604	5.80	%
			US$2,981

Business Acquisition, Pro Forma Information

The following supplemental pro forma consolidated financial information of the Company for the years ended December 31, 2016 and 2015 includes the results of operations for Columbia as if the acquisition had been completed on January 1, 2015.

year ended December 31
(millions of Canadian $)	2016	2015
Revenues	13,404	13,007
Net Income/(Loss)	715	(820	)
Net Income/(Loss) Attributable to Controlling Interests and to Common Shares	431	(877	)