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NOTES PAYABLE (Tables)
12 Months Ended
Dec. 31, 2016
Short-term Debt [Abstract]  
Schedule of Notes Payable
 
2016
 
2015
(millions of Canadian $, unless otherwise noted)
Outstanding at December 31

 
Weighted
Average
Interest Rate
per Annum
at December 31

 
Outstanding at December 31

 
Weighted
Average
Interest Rate
per Annum
at December 31

 
 
 
 
 
 
 
 
Canadian
509

 
0.9
%
 
697

 
0.8
%
U.S. (2016 – US$197; 2015 – US$376)
265

 
0.5
%
 
521

 
1.1
%
 
774

 
 

 
1,218

 
 

Schedule of Credit Facilities
hese unsecured credit facilities included the following:
 
 
 
 
 
 
 
 
 
 
year ended December 31
 
 
 
 
 
 
 
 
 
 
(millions of Canadian $)
at December 31, 2016
 
2016

 
2015

 
2014

Amount
 
Unused Capacity
 
Borrower
 
Description
 
Matures
 
Cost to maintain
$3 billion
 
$3 billion
 
TCPL
 
Committed, syndicated, revolving, extendible credit facility that supports TCPL's Canadian commercial paper program and general corporate purposes
 
December 2021
 
6

 
6

 
6

US$2 billion
 
US$2 billion
 
TCPL
 
Committed, syndicated, revolving, extendible credit facility that supports TCPL's U.S. commercial paper program
 
December 2017
 
1

 

 

US$1 billion
 
US$0.9 billion
 
TCPL USA
 
Committed, syndicated, revolving, extendible credit facility that is used for TCPL USA general corporate purposes, guaranteed by TCPL
 
December 2017
 
1

 
3

 
2

US$1 billion
 
US$1 billion
 
Columbia
 
Committed, syndicated, revolving, extendible credit facility that is issued for Columbia's general corporate purposes and provides additional liquidity, guaranteed by TCPL
 
December 2017
 

 

 

US$0.5 billion
 
US$0.5 billion
 
TAIL
 
Committed, syndicated, revolving, extendible credit facility that supports TAIL's commercial paper program, guaranteed by TCPL
 
December 2017
 
2

 
2

 
1

$2.1 billion
 
$0.7 billion
 
TCPL/TCPL USA
 
Supports the issuance of letters of credit and provides additional liquidity
 
Demand