ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2016

(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.

(millions of dollars)

Net Purchase Price (a)		359

Less: TransCanada’s carrying value of non-controlling interest at April 1, 2015		232

Excess purchase price (b)		127

^(a)

Total purchase price of $457 million less the assumption of $98 million of proportional GTN debt by the Partnership.

^(b)

The excess purchase price of $127 million was recorded as a reduction in Partners’ Equity.

(millions of dollars)
Total cash consideration		217
TransCanada’s carrying value of non-controlling interest at October 1, 2014		188

Excess purchase price		29