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DEBT (Tables)

12 Months Ended

Dec. 31, 2015

DEBT

Schedule of debt

			Weighted Average
December 31,			Interest Rate		Maturity		2015		2014
(millions of Canadian dollars)
Enbridge Inc.
United States dollar term notes1			3.3%		2016-2044		4,221		3,886
Medium-term notes			4.3%		2016-2064		5,698		6,048
Commercial paper and credit facility draws2							5,667		4,525
Other3							7		-
Enbridge (U.S.) Inc.
Commercial paper and credit facility draws4							1,665		1,657
Medium-term notes5			5.1%		2020		14		12
Enbridge Energy Partners, L.P.
Senior notes6			6.2%		2016-2045		7,404		4,350
Commercial paper and credit facility draws7							1,988		2,056
Junior subordinated notes8			8.1%		2067		554		464
Enbridge Gas Distribution Inc.
Medium-term notes			4.6%		2016-2050		3,603		3,033
Debentures			9.9%		2024		85		85
Commercial paper and credit facility draws							599		939
Enbridge Income Fund
Medium-term notes			3.8%		2016-2044		2,405		2,405
Commercial paper and credit facility draws							-		140
Enbridge Pipelines (Southern Lights) L.L.C.
Medium-term notes9,10			4.0%		2016-2040		1,425		1,223
Enbridge Pipelines Inc.
Medium-term notes11			4.7%		2018-2045		3,725		2,974
Commercial paper and credit facility draws							1,346		163
Debentures			8.2%		2024		200		200
Promissory note12							-		103
Other3							4		9
Enbridge Southern Lights LP
Medium-term notes10			4.0%		2040		336		348
Midcoast Energy Partners, L.P.
Senior notes13			4.1%		2019-2024		554		465
Commercial paper and credit facility draws14							678		418
Other15							(198)		(151)
Total debt							41,980		35,352
Current maturities							(1,990)		(1,004)
Short-term borrowings16							(599)		(1,041)
Long-term debt							39,391		33,307
1	2015 - US$3,050 million (2014 - US$3,350 million).
2	2015 - $4,168 million and US$1,084 million (2014 - $3,217 million and US$1,127 million)
3	Primarily capital lease obligations.
4	2015 - US$1,203 million (2014 - US$1,428 million).
5	2015 - US$10 million (2014 - US$10 million).
6	2015 - US$5,350 million (2014 - US$3,750 million).
7	2015 - US$1,436 million (2014 - US$1,772 million).
8	2015 - US$400 million (2014 - US$400 million).
9	2015 - US$1,030 million (2014 - US$1,054 million).
10	On August 18, 2014, long-term private debt was issued for $352 million and US$1,601 million related to Southern Lights project financing. The proceeds were utilized to repay the construction credit facilities on a dollar-for-dollar basis.
11	Included in medium-term notes is $100 million with a maturity date of 2112.
12	A non-interest bearing demand promissory note that was paid on January 9, 2015.
13	2015 - US$400 million (2014 - US$400 million).
14	2015 - US$490 million (2014 - US$360 million).
15	Primarily debt discount and debt issue costs.
16	Weighted average interest rate - 0.8% (2014 - 1.4%).

Schedule of interest expense

INTEREST EXPENSE
Year ended December 31,		2015		2014
(millions of Canadian dollars)
Debentures and term notes		1,805		1,425
Commercial paper and credit facility draws		172		71
Southern Lights project financing		-		49
Capitalized		(353)		(416)
		1,624		1,129

INTEREST EXPENSE
Year ended December 31,		2015		2014
(millions of Canadian dollars)
Enbridge Inc.		970		598
Enbridge (U.S.) Inc.		54		19
Enbridge Energy Partners, L.P.		369		458
Enbridge Gas Distribution Inc.		175		154
Enbridge Income Fund		106		76
Enbridge Pipelines (Southern Lights) L.L.C.		45		36
Enbridge Pipelines Inc.		210		171
Enbridge Southern Lights LP		14		14
Midcoast Energy Partners, L.P.		34		19
Capitalized		(353)		(416)
		1,624		1,129

Schedule of committed credit facilities

				2015						2014
December 31,		Maturity		Total Facilities		Draws1		Available		Total Facilities
(millions of Canadian dollars)
Enbridge Inc.		2017-2020		6,988		5,692		1,296		9,025
Enbridge (U.S.) Inc.		2017		4,470		1,665		2,805		3,747
Enbridge Energy Partners, L.P.		2017-2020		3,598		2,054		1,544		3,045
Enbridge Gas Distribution Inc.		2017-2019		1,010		603		407		1,008
Enbridge Income Fund		2018		1,500		11		1,489		500
Enbridge Pipelines (Southern Lights) L.L.C.		2017		28		-		28		23
Enbridge Pipelines Inc.		2017		3,000		1,346		1,654		300
Enbridge Southern Lights LP		2017		5		-		5		5
Midcoast Energy Partners, L.P.		2018		1,121		678		443		986
Total committed credit facilities2				21,720		12,049		9,671		18,639

1 Includes facility draws, letters of credit and commercial paper issuances that are back-stopped by the credit facility.

2 On August 18, 2014, long-term private debt was issued for $352 million and US$1,061 million related to Southern Lights project financing. The proceeds were utilized to repay the construction credit facilities on a dollar-for-dollar basis.

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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