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PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2012
PROPERTY, PLANT AND EQUIPMENT |
PROPERTY, PLANT AND EQUIPMENT | 9. PROPERTY, PLANT AND EQUIPMENT
|  | Weighted Average |  |  |  |  |  |
December 31, |  | Depreciation Rate |  | 2012 |  |  | 2011 |
(millions of Canadian dollars) |  |  |  |  |  |  |  |
Liquids Pipelines |  |  |  |  |  |  |  |
Pipeline |  | 2.6% |  | 8,249 |  |  | 7,538 |
Pumping equipment, buildings, tanks and other 1 |  | 3.1% |  | 5,094 |  |  | 5,017 |
Land and right-of-way |  | 2.4% |  | 225 |  |  | 232 |
Under construction |  | - |  | 1,675 |  |  | 1,111 |
|  |  |  | 15,243 |  |  | 13,898 |
Accumulated depreciation |  |  |  | (3,432 | ) |  | (3,170 | )
|  |  |  | 11,811 |  |  | 10,728 |
Gas Distribution |  |  |  |  |  |  |  |
Gas mains, services and other |  | 4.3% |  | 7,583 |  |  | 6,846 |
Land and right-of-way |  | 2.5% |  | 79 |  |  | 79 |
Under construction |  | - |  | 102 |  |  | 137 |
|  |  |  | 7,764 |  |  | 7,062 |
Accumulated depreciation |  |  |  | (1,912 | ) |  | (1,419 | )
|  |  |  | 5,852 |  |  | 5,643 |
Gas Pipelines, Processing and Energy Services |  |  |  |  |  |  |  |
Pipeline |  | 4.6% |  | 544 |  |  | 568 |
Wind turbines, solar panels and other 1 |  | 4.9% |  | 519 |  |  | 781 |
Land and right-of-way |  | 4.9% |  | 6 |  |  | 7 |
Under construction |  | - |  | 1,477 |  |  | 512 |
|  |  |  | 2,546 |  |  | 1,868 |
Accumulated depreciation |  |  |  | (350 | ) |  | (213 | )
|  |  |  | 2,196 |  |  | 1,655 |
Sponsored Investments |  |  |  |  |  |  |  |
Pipeline |  | 3.0% |  | 6,890 |  |  | 6,600 |
Pumping equipment, buildings, tanks and other 1 |  | 3.3% |  | 4,787 |  |  | 3,792 |
Wind turbines, solar panels and other 1 |  | 4.0% |  | 1,544 |  |  | 1,074 |
Land and right-of-way |  | 2.4% |  | 642 |  |  | 611 |
Under construction |  | - |  | 2,002 |  |  | 913 |
|  |  |  | 15,865 |  |  | 12,990 |
Accumulated depreciation |  |  |  | (2,770 | ) |  | (2,213 | )
|  |  |  | 13,095 |  |  | 10,777 |
Corporate |  |  |  |  |  |  |  |
Other |  | 9.4% |  | 105 |  |  | 71 |
Under construction |  | - |  | 296 |  |  | 230 |
|  |  |  | 401 |  |  | 301 |
Accumulated depreciation |  |  |  | (37 | ) |  | (30 | )
|  |  |  | 364 |  |  | 271 |
|  |  |  | 33,318 |  |  | 29,074 |
1 In December 2012, wholly-owned subsidiaries of Enbridge sold two crude oil storage and three renewable energy assets to the Fund. As a result, at December 31, 2012, $599 million and $338 million of Property, plant and equipment were reclassified from Liquids Pipelines and Gas Pipelines, Processing and Energy Services, respectively, to Sponsored Investments. The December 31, 2011 balances of $600 million and $354 million, in Liquids Pipelines and Gas Pipelines, Processing and Energy Services, respectively, have not been reclassified for presentation purposes. Depreciation expense for the year ended December 31, 2012 was $1,174 million (2011 - $1,089 million; 2010 - $987 million). GAS PIPELINES, PROCESSING AND ENERGY SERVICES In December 2012, the Company recorded an impairment charge of $166 million ($105 million after-tax) related to certain of its Enbridge Offshore Pipelines (Offshore) assets, predominantly located within the Stingray and Garden Banks corridors in the Gulf of Mexico. The Company had been pursuing alternative uses for these assets; however, due to changing competitive conditions in the fourth quarter of 2012, the Company concluded that such alternatives were no longer likely to proceed. In addition, unique to these assets is their significant reliance on natural gas production from shallow water areas of the Gulf of Mexico which have been challenged by macro-economic factors including prevalence of onshore shale gas production, hurricane disruptions, additional regulation and the low natural gas commodity price environment. The impairment charge was based on the amount by which the carrying values of the assets exceeded fair value, determined using expected discounted future cash flows, and is presented within Operating and administrative expense on the Consolidated Statements of Earnings. The charge is inclusive of $50 million related to abandonment costs now reasonably determined given the expected timing and scope of certain asset retirements.

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- Definition The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
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