ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2016

Portland Natural Gas Transmission System

EQUITY INVESTMENTS

Schedule of net purchase price of equity investment in PNGTS

(unaudited) (millions of dollars)
Net Purchase Price (a)	193
Less: TransCanada’s carrying value of PNGTS’ net assets at January 1, 2016	120
Excess purchase price (b)	73

^(a) Total purchase price of $228 million less the assumption of $35 million of proportional PNGTS debt by the Partnership.

^(b) The excess purchase price of $73 million was recorded as a reduction in Partners’ Equity.