Sale Of Cedar Point

12 Months Ended

Dec. 31, 2017

SALE OF CEDAR POINT

SALE OF CEDAR POINT

37. SALE OF CEDAR POINT

The company sold its interest in the Cedar Point wind facility in southwest Ontario for proceeds of $291 million before closing adjustments and other closing costs, with an effective date of January 1, 2017. The disposition resulted in an after-tax gain of $83 million, including a current tax expense of $29 million and a deferred tax recovery of $15 million, in the Corporate, Energy Trading and Eliminations segment.

The table below details the assets and liabilities of the renewable energy business that were held for sale as at December 31, 2016:

($ millions)
Assets
	Accounts receivable	23
	Property, plant and equipment, net	284
Total assets		307
Liabilities
	Accounts payable and accrued liabilities	12
	Other long-term liabilities	10
	Provisions	9
Total liabilities		31