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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following amounts are included in Due to affiliates:
 
 
 
 
2016
2015
(millions of Canadian $)
 
Maturity Date
 
Outstanding December 31

 
 
Effective Interest Rate

 
Outstanding December 31
 
Effective Interest Rate

 
 
 
 
 
 
 
 
 
 
 
Credit Facility1
 
December 2016
 

 
 

 
311

 
 
3.5
%
Credit Facility2
 
Demand
 
2,358

 
 
2.7
%
 

 
 

 
 
 
 
2,358

 
 
 
 
311

 
 
 
1
TransCanada has an unsecured $3.5 billion credit facility with a subsidiary of TCPL. Interest on this facility is charged at the prime rate per annum.
2
TransCanada has an unsecured $3.0 billion credit facility with TCPL. Interest on this facility is charged at prime rate per annum. This credit facility includes $1.8 billion due to TransCanada related to the acquisition of Columbia. Refer to Note 5, Acquisition of Columbia for more information.
The following amounts are included in Due from affiliates:
 
 
 
 
2016
2015
(millions of Canadian $)
 
Maturity Date
 
Outstanding December 31

 
 
Effective Interest Rate

 
Outstanding December 31
 
Effective Interest Rate

 
 
 
 
 
 
 
 
 
 
Discount Notes1
 
November 2016
 

 
 
0.9
%
 
2,376

 
 
0.9
%
Credit Facility2
 
Demand
 

 
 

 
100

 
 
2.7
%
 
 
 
 

 
 
 
 
2,476

 
 
 
1
In November 2016, discount notes were repaid in full by TransCanada. Proceeds from the repayment were used to partially repay the Acquisition Bridge Facility.
2
TCPL has an unsecured $3.0 billion credit facility issued to TransCanada. This facility is repayable on demand and bears interest at the prime rate per annum.