INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)

6 Months Ended

Jun. 30, 2013

INVESTMENTS IN UNCONSOLIDATED AFFILIATES

Schedule of equity method investments in unconsolidated affiliates

	Ownership	Equity Earnings fromUnconsolidated Affiliates				Investments inUnconsolidated Affiliates
	Interest at	Three months		Six Months
(unaudited)	June 30,	ended June 30,		ended June 30,		June 30,	December 31,
(millions of dollars)	2013	2013	2012	2013	2012	2013	2012
Great Lakes	46.45%	-	8	2	17	671	677
Northern Border (a)	50%	15	16	31	36	500	512
GTN	25%	4	4	9	10	212	216
Bison	25%	3	3	6	6	162	158
		22	31	48	69	1,545	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)	June 30, 2013	December 31, 2012
ASSETS
Current assets	41	56
Plant, property and equipment, net	784	799
	825	855
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities	22	30
Long-term debt, including current maturities	345	354
Partners’ equity	458	471
	825	855

	Three months ended		Six months ended
(unaudited)	June 30,		June 30,
(millions of dollars)	2013	2012	2013	2012
Transmission revenues	29	48	64	97
Operating expenses	(15)	(16)	(30)	(31)
Depreciation	(8)	(8)	(16)	(16)
Financial charges and other	(7)	(7)	(14)	(14)
Net income/(loss)	(1)	17	4	36

Northern Border

Investments in unconsolidated affiliates

Summarized financial information for equity method investment

(unaudited)
(millions of dollars)	June 30, 2013	December 31, 2012
ASSETS
Cash and cash equivalents	31	28
Other current assets	33	35
Plant, property and equipment, net	1,212	1,234
Other assets	30	31
	1,306	1,328
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities	52	53
Deferred credits and other	18	16
Long-term debt, including current maturities	473	473
Partners’ equity
Partners’ capital	765	789
Accumulated other comprehensive loss	(2)	(3)
	1,306	1,328

	Three months ended		Six months ended
(unaudited)	June 30,		June 30,
(millions of dollars)	2013	2012	2013	2012
Transmission revenues	69	73	141	154
Operating expenses	(19)	(18)	(38)	(36)
Depreciation	(14)	(16)	(29)	(32)
Financial charges and other	(6)	(7)	(11)	(13)
Net income	30	32	63	73

GTN

Investments in unconsolidated affiliates

Summarized financial information for equity method investment

(unaudited)
(millions of dollars)	June 30, 2013	December 31, 2012
ASSETS
Current assets	51	50
Plant, property and equipment, net	1,152	1,174
Other assets	1	1
	1,204	1,225
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities	13	16
Deferred credits and other	21	20
Long-term debt, including current maturities	325	325
Members’ capital	845	864
	1,204	1,225

	Three months ended		Six months ended
(unaudited)	June 30,		June 30,
(millions of dollars)	2013	2012	2013	2012
Transmission revenues	46	48	95	100
Operating expenses	(12)	(13)	(23)	(24)
Depreciation	(14)	(14)	(27)	(27)
Financial charges and other	(5)	(4)	(9)	(9)
Net income	15	17	36	40

Bison

Investments in unconsolidated affiliates

Summarized financial information for equity method investment

(unaudited)
(millions of dollars)	June 30, 2013	December 31, 2012
ASSETS
Current assets	16	7
Plant, property and equipment, net	640	649
	656	656
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities	7	25
Members’ capital	649	631
	656	656

	Three months ended		Six months ended
(unaudited)	June 30,		June 30,
(millions of dollars)	2013	2012	2013	2012
Transmission revenues	20	20	40	40
Operating expenses	(4)	(4)	(8)	(7)
Depreciation	(5)	(5)	(10)	(10)
Net income	11	11	22	23