XML 106 R92.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Transmission revenues $ 112 [1] $ 111 $ 103 $ 101 $ 111 $ 110 $ 96 $ 97 $ 114 $ 426 [1] $ 417 [1] $ 410 [1]
Equity earnings (Note 4) 36 [1] 22 22 20 33 34 17 15 31 97 [1] 97 [1] 88 [1]
Operation and maintenance expenses [1] (14)       (12)         (58) (61) (61)
Property taxes [1] (7)       (7)         (27) (27) (28)
General and administrative [1] (2)       (2)         (7) (9) (9)
Depreciation [1] (24)       (23)         (96) (95) (96)
Financial charges and other (Note 13) [1] (17)       (18)         (71) (63) (61)
Net income before taxes [1] 84       82         264 60 243
Income taxes (Note 17) [1] (1)       (1)         (1) (2) (2)
Net Income 83 [1] 65 60 57 81 (124) 54 47 81 263 [1] 58 [1] 241 [1]
Net income attributable to non-controlling interests [1] 6       7         15 21 46
Net income attributable to controlling interests 77 [1] 61 58 55 74 (128) 52 46 67 248 [1] 37 [1] 195 [1]
Net income attributable to controlling interest allocation (Note 7)                        
General Partner [1] 3       2         11 3 4
TransCanada, as former parent of PNGTS [1] 2       1         26 36 23
Net income 77 [1] $ 61 $ 58 $ 55 74 $ (128) $ 52 $ 46 $ 67 248 [1] 37 [1] 195 [1]
Common units                        
Net income attributable to controlling interest allocation (Note 7)                        
Limited partners [1] $ 72       $ 71         $ 211 $ (2) $ 168
Net income (loss) per common unit (Note 7) - basic (in dollars per unit) $ 1.05 [1],[2] $ 0.70 $ 0.65 $ 0.76 $ 1.10 [2] $ (2.27) $ 0.70 $ 0.66 $ 0.88 $ 3.21 [1] $ (0.03) [1] $ 2.67 [1]
Net income (loss) per common unit (Note 7) - diluted (in dollars per unit) $ 1.05 [1],[2]       $ 1.10 [1],[2]         $ 3.21 $ (0.03) $ 2.67
Weighted average common units outstanding - basic (in units) [1] 68.3       64.4         65.7 63.9 62.7
Weighted average common units outstanding - diluted (in units) 68.3 [1]       64.4 [1]         65.7 63.9 62.7
Common units outstanding, end of year (in units) [1] 68.6 67.4     64.7 64.3       67.4 64.3 63.6
[1] Recast to consolidate PNGTS for all periods presented (Refer to Note 2).
[2] Net income per common unit prior to recast (Refer to Note 2).