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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Transmission revenues $ 86 $ 87
Equity earnings (Note 4) 42 31
Operation and maintenance expenses (10) (11)
Property taxes (5) (6)
General and administrative (2) (3)
Depreciation (21) (21)
Financial charges and other (Note 14) (17) (13)
Net income 73 64
Net income attributable to non-controlling interests   7
Net income attributable to controlling interests 73 57
Net income attributable to controlling interest allocation    
General Partner 2 1
Net income attributable to controlling interests 73 57
Common units    
Net income attributable to controlling interest allocation    
Limited partners $ 71 $ 56
Net income per common unit (Note 8) - basic (in dollars per unit) $ 1.10 $ 0.88
Net income per common unit (Note 8) - diluted (in dollars per unit) $ 1.10 $ 0.88
Weighted average common units outstanding - basic (in units) 64.4 63.6
Weighted average common units outstanding - diluted (in units) 64.4 63.6
Common units outstanding, end of period (in units) 64.7 63.6