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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Transmission revenues $ 89 $ 85 $ 175 $ 172
Equity earnings (Note 4) 22 15 64 46
Operation and maintenance expenses (12) (13) (22) (24)
Property taxes (5) (5) (10) (11)
General and administrative (2) (1) (4) (4)
Depreciation (22) (21) (43) (42)
Financial charges and other (Note 14) (16) (16) (33) (29)
Net income 54 44 127 108
Net income attributable to non-controlling interests       7
Net income attributable to controlling interests 54 44 127 101
Net income attributable to controlling interest allocation        
General Partner 3 2 5 3
Net income attributable to controlling interests 54 44 127 101
Common units        
Net income attributable to controlling interest allocation        
Limited partners $ 50 $ 42 $ 121 $ 98
Net income per common unit (Note 8) - basic (in dollars per unit) $ 0.76 $ 0.66 $ 1.86 $ 1.53
Net income per common unit (Note 8) - diluted (in dollars per unit) $ 0.76 $ 0.66 $ 1.86 $ 1.53
Weighted average common units outstanding - basic (in units) 65.5 63.8 64.9 63.7
Weighted average common units outstanding - diluted (in units) 65.5 63.8 64.9 63.7
Common units outstanding, end of period (in units) 65.9 64.0 65.9 64.0
Class B units        
Net income attributable to controlling interest allocation        
Limited partners $ 1   $ 1