INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)

3 Months Ended

Mar. 31, 2013

INVESTMENTS IN UNCONSOLIDATED AFFILIATES

Schedule of equity method investments in unconsolidated affiliates

	Ownership	Equity Earnings from Unconsolidated Affiliates		Investments inUnconsolidated Affiliates
	Interest at	Three months
(unaudited)	March 31,	ended March 31,		March 31,	December 31,
(millions of dollars)	2013	2013	2012	2013	2012
Great Lakes	46.45%	2	9	677	677
Northern Border (a)	50%	16	20	507	512
GTN	25%	5	6	215	216
Bison	25%	3	3	157	158
		26	38	1,556	1,563

(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 interest acquisition in April 2006.

Great Lakes

Investments in unconsolidated affiliates

Summarized financial information for equity method investment

(unaudited)
(millions of dollars)	March 31, 2013	December 31, 2012
ASSETS
Current assets	51	56
Plant, property and equipment, net	792	799
	843	855
Liabilities and Partners’ Equity
Current liabilities	27	30
Long-term debt, including current maturities	345	354
Partners’ equity	471	471
	843	855

	Three months ended
(unaudited)	March 31,
(millions of dollars)	2013		2012
Transmission revenues	35		49
Operating expenses	(15	)	(15	)
Depreciation	(8	)	(8	)
Financial charges and other	(7	)	(7	)
Net income	5		19

Northern Border

Investments in unconsolidated affiliates

Summarized financial information for equity method investment

(unaudited)
(millions of dollars)	March 31, 2013	December 31, 2012
ASSETS
Cash and cash equivalents	34	28
Other current assets	34	35
Plant, property and equipment, net	1,220	1,234
Other assets	31	31
	1,319	1,328
Liabilities and Partners’ Equity
Current liabilities	53	53
Deferred credits and other	17	16
Long-term debt, including current maturities	473	473
Partners’ equity
Partners’ capital	779	789
Accumulated other comprehensive loss	(3)	(3)
	1,319	1,328

	Three months ended
(unaudited)	March 31,
(millions of dollars)	2013		2012
Transmission revenues	72		81
Operating expenses	(19	)	(18	)
Depreciation	(15	)	(16	)
Financial charges and other	(5	)	(6	)
Net income	33		41

GTN

Investments in unconsolidated affiliates

Summarized financial information for equity method investment

(unaudited)
(millions of dollars)	March 31, 2013	December 31, 2012
ASSETS
Current assets	62	50
Plant, property and equipment, net	1,162	1,174
Other assets	1	1
	1,225	1,225
Liabilities and Members’ Equity
Current liabilities	17	16
Deferred credits and other	21	20
Long-term debt, including current maturities	325	325
Members’ capital	862	864
	1,225	1,225

	Three months ended
(unaudited)	March 31,
(millions of dollars)	2013		2012
Transmission revenues	49		52
Operating expenses	(11	)	(11	)
Depreciation	(13	)	(13	)
Financial charges and other	(4	)	(5	)
Net income	21		23

Bison

Investments in unconsolidated affiliates

Summarized financial information for equity method investment

(unaudited)
(millions of dollars)	March 31, 2013	December 31, 2012
ASSETS
Current assets	7	7
Plant, property and equipment, net	645	649
	652	656
Liabilities and Members’ Equity
Current liabilities	25	25
Members’ capital	627	631
	652	656

	Three months ended
(unaudited)	March 31,
(millions of dollars)	2013		2012
Transmission revenues	20		20
Operating expenses	(4	)	(3	)
Depreciation	(5	)	(5	)
Net income	11		12