INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2014

INVESTMENTS IN UNCONSOLIDATED AFFILIATES

Schedule of investments in unconsolidated affiliates

		Equity Earnings from Unconsolidated Affiliates			Investment in Unconsolidated Affiliates
		Year ended December 31			December 31
	Ownership Interest at December 31, 2014
(millions of dollars)		2014	2013	2012	2014	2013
Northern Border(a)	50%	69	64	72	505	523
Great Lakes	46.45%	19	3	27	672	672
		88	67	99	1,177	1,195

(a) Equity earnings from Northern Border is net of the 12-year amortization of a $10 million transaction fee paid to the operator of Northern Border at the time of the Partnership's additional 20 percent acquisition in April 2006.

Northern Border

Investments in unconsolidated affiliates

Summarized financial information for equity investees

December 31 (millions of dollars)		2014		2013
Assets
Cash and cash equivalents		41		27
Other current assets		34		34
Plant, property and equipment, net		1,163		1,197
Other assets		34		33
		1,272		1,291
Liabilities and Partners' Equity
Current liabilities		64		51
Deferred credits and other		22		19
Long-term debt		411		411
Partners' equity
	Partners' capital	777		812
	Accumulated other comprehensive loss	(2	)	(2	)
		1,272		1,291

Year ended December 31 (millions of dollars)	2014		2013		2012
Transmission revenues	293		286		311
Operating expenses	(72	)	(75	)	(79	)
Depreciation	(59	)	(58	)	(63	)
Financial charges and other	(22	)	(23	)	(24	)
Net income	140		130		145

Great Lakes

Investments in unconsolidated affiliates

Summarized financial information for equity investees

December 31 (millions of dollars)	2014	2013
Assets
Current assets	66	52
Plant, property and equipment, net	748	771
	814	823
Liabilities and Partners' Equity
Current liabilities	38	28
Long-term debt, including current maturities	316	335
Partners' equity	460	460
	814	823

Year ended December 31 (millions of dollars)	2014		2013		2012
Transmission revenues	146		124		182
Operating expenses	(53	)	(60	)	(66	)
Depreciation	(28	)	(31	)	(31	)
Financial charges and other	(25	)	(27	)	(28	)
Net income	40		6		57