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LONG-TERM INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2013

LONG-TERM INVESTMENTS.

Schedule of long term investments

		Ownership
December 31,		Interest		2013		2012
(millions of Canadian dollars)
Equity Investments
Joint Ventures
Liquids Pipelines
Chicap Pipeline		43.8%		29		27
Mustang Pipeline		30.0%		23		21
Seaway Pipeline		50.0%		2,048		1,385
Gas Pipelines, Processing and Energy Services
Offshore - various joint ventures		22.0% - 74.3%		401		391
Vector		60.0%		125		130
Alliance Pipeline US		50.0%		201		181
Aux Sable		42.7% - 50.0%		306		266
Other		33.3% - 70.0%		11		10
Sponsored Investments
Alliance Pipeline Canada		50.0%		165		179
Texas Express Pipeline		35.0%		396		183
Other		50.0%		62		35
Other Equity Investments
Corporate
Noverco Common Shares		38.9%		-		-
Other		16.3% - 49.99%		56		55
Other Long-Term Investments
Corporate
Noverco Preferred Shares				287		246
Other				102		66
				4,212		3,175

Summary of income statement of the entity's interest in unconsolidated equity investments of joint ventures

Year ended December 31,		2013		2012		2011
(millions of Canadian dollars)
Revenues		1,212		956		827
Commodity costs		(371	)	(236	)	(138	)
Operating and administrative expense		(268	)	(244	)	(200	)
Depreciation and amortization		(175	)	(159	)	(158	)
Other income/(expense)		4		4		(3	)
Interest expense		(74	)	(81	)	(87	)
Earnings before income taxes		328		240		241

Summary of balance sheet of the entity's interest in unconsolidated equity investments of joint ventures

December 31,		2013		2012
(millions of Canadian dollars)
Current assets		366		299
Property, plant and equipment, net		4,050		3,192
Deferred amounts and other assets		35		26
Intangible assets, net		75		74
Goodwill		680		639
Current liabilities		(395	)	(333	)
Long-term debt		(994	)	(895	)
Other long-term liabilities		(50	)	(194	)
Net assets		3,767		2,808