VARIABLE INTEREST ENTITIES (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of assets and liabilities of consolidated VIEs included in the Consolidated Statements of Financial Position

June 30,		2017
(millions of Canadian dollars)
Assets
Cash and cash equivalents		448
Accounts receivable and other		1,217
Inventory		190

		1,855
Property, plant and equipment, net		30,794
Long-term investments		3,629
Restricted long-term investments		76
Deferred amounts and other assets		1,219
Intangible assets, net		104

		37,677


Liabilities
Short-term borrowings		300
Accounts payable and other		1,707
Interest payable		140
Current portion of long-term debt		897

		3,044
Long-term debt		12,930
Other long-term liabilities		1,405
Deferred income taxes		692

		18,071

Net assets before noncontrolling interests		19,606

Schedule of carrying amount of interest and maximum exposure to loss for unconsolidated VIEs

	Carrying	Enbridge’s
	Amount of	Maximum
	Investment	Exposure to
June 30, 2017	in VIE	Loss
(millions of Canadian dollars)
Nexus Gas Transmission, LLC	662	1,342
PennEast Pipeline Company, LLC	56	355

	718	1,697

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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