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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Debt |
| Weighted Average |  |  |  |  |  |
December 31, | Interest Rate 9 |  | Maturity |  | 2020 |  | 2019
(millions of Canadian dollars) |  |  |  |  |  |  |
Enbridge Inc. |  |  |  |  |  |  |
US dollar senior notes | 3.8 | % |  | 2022-2049 |  | 8,536 |  |  | 8,689 |
Medium-term notes | 3.8 | % |  | 2021-2064 |  | 8,323 |  |  | 7,623 |
Fixed-to-fixed subordinated term notes 1 | 2.8 | % |  | 2080 |  | 1,274 |  |  | — |
Fixed-to-floating rate subordinated term notes 2 | 5.9 | % |  | 2077-2078 |  | 6,477 |  |  | 6,550 |
Floating rate notes 3 |  |  | 2022 |  | 956 |  |  | 1,556 |
Commercial paper and credit facility draws | 0.8 | % |  | 2021-2024 |  | 8,719 |  |  | 5,210 |
Other 4 |  |  |  |  | 5 |  |  | 5 |
Enbridge (U.S.) Inc. |  |  |  |  |  |  |
Commercial paper and credit facility draws | 0.3 | % |  | 2022-2024 |  | 492 |  |  | 1,734 |
Other 4 |  |  |  |  | 7 |  |  | — |
Enbridge Energy Partners, L.P. |  |  |  |  |  |  |
Senior notes | 6.0 | % |  | 2021-2045 |  | 3,886 |  |  | 3,955 |
Enbridge Gas Inc. |  |  |  |  |  |  |
Medium-term notes | 3.9 | % |  | 2021-2050 |  | 8,485 |  |  | 7,685 |
Debentures | 9.1 | % |  | 2024-2025 |  | 210 |  |  | 210 |
Commercial paper and credit facility draws | 0.3 | % |  | 2022 |  | 1,121 |  |  | 898 |
Enbridge Pipelines (Southern Lights) L.L.C. |  |  |  |  |  |  |
Senior notes | 4.0 | % |  | 2040 |  | 1,038 |  |  | 1,129 |
Enbridge Pipelines Inc. |  |  |  |  |  |  |
Medium-term notes 5 | 4.2 | % |  | 2022-2049 |  | 4,775 |  |  | 5,125 |
Debentures | 8.2 | % |  | 2024 |  | 200 |  |  | 200 |
Commercial paper and credit facility draws | 0.3 | % |  | 2022 |  | 1,278 |  |  | 2,030 |
Enbridge Southern Lights LP |  |  |  |  |  |  |
Senior notes | 4.0 | % |  | 2040 |  | 257 |  |  | 272 |
Spectra Energy Capital, LLC |  |  |  |  |  |  |
Senior notes | 7.1 | % |  | 2032-2038 |  | 220 |  |  | 224 |
Spectra Energy Partners, LP |  |  |  |  |  |  |
Senior secured notes |  |  |  |  | — |  |  | 143 |
Senior notes | 4.0 | % |  | 2021-2048 |  | 8,332 |  |  | 8,481 |
Floating rate notes |  |  |  |  | — |  |  | 519 |
Westcoast Energy Inc. |  |  |  |  |  |  |
Medium-term notes | 4.5 | % |  | 2021-2041 |  | 1,625 |  |  | 1,875 |
Debentures | 8.1 | % |  | 2025-2026 |  | 275 |  |  | 375 |
Fair value adjustment |  |  |  |  | 750 |  |  | 844 |
Other 6 |  |  |  |  | (344) |  |  | (369) |
Total debt 7 |  |  |  |  | 66,897 |  |  | 64,963 |
Current maturities |  |  |  |  | (2,957) |  |  | (4,404) |
Short-term borrowings 8 |  |  |  |  | (1,121) |  |  | (898) |
Long-term debt |  |  |  |  | 62,819 |  |  | 59,661 |
1 For the initial 10 years, the notes carry a fixed interest rate. Subsequently, the interest rate will be set to equal to the Five-Year US Treasury Rate plus a margin of 5.31% from years 10 to 30 and a margin of 6.06% from years 30 to 60. 2 For the initial 10 years, the notes carry a fixed interest rate. Subsequently, the interest rate will be floating and set to equal to the Canadian Dollar Offered Rate (CDOR) or the London Interbank Offered Rate (LIBOR) plus a margin. The notes would be converted automatically into Conversion Preference Shares in the event of bankruptcy and related events. 3 The notes carry an interest rate equal to the three-month LIBOR plus a margin of 50 basis points. 4 Primarily capital lease obligations. 5 Included in medium-term notes is $100 million with a maturity date of 2112. 6 Primarily unamortized discounts, premiums and debt issuance costs. 7 2020 - $35.4 billion and US$24.4 billion; 2019 - $33.4 billion and US$23.9 billion. Totals exclude capital lease obligations, unamortized discounts, premiums and debt issuance costs and fair value adjustment. 8 Weighted average interest rates on outstanding commercial paper were 0.3% as at December 31, 2020 (2019 - 2.0%). 9 Calculated based on term notes, debentures, commercial paper and credit facility draws outstanding as at December 31, 2020.
Schedule of Committed Credit Facilities | The following table provides details of our committed credit facilities as at December 31, 2020:
|  | Total |  |
| Maturity | Facilities | Draws 1 | Available
(millions of Canadian dollars) |  |  |  |
Enbridge Inc. | 2021-2024 | 11,854 |  | 8,719 |  | 3,135 |
Enbridge (U.S.) Inc. | 2022-2024 | 7,007 |  | 492 |  | 6,515 |
Enbridge Pipelines Inc. | 2022 2 | 3,000 |  | 1,278 |  | 1,722 |
Enbridge Gas Inc. | 2022 2 | 2,000 |  | 1,121 |  | 879 |
Total committed credit facilities |  | 23,861 |  | 11,610 |  | 12,251 |
1 Includes facility draws and commercial paper issuances that are back-stopped by the credit facility. 2 Maturity date is inclusive of the one-year term out option.
Schedule of Long-term Debt Issuances | During the year ended December 31, 2020, we completed the following long-term debt issuances totaling $2.5 billion and US$2.1 billion:
Company | Issue Date |  |  | Principal Amount
(millions of Canadian dollars unless otherwise stated) |  |
Enbridge Inc. |  |  |
| February 2020 | Floating rate notes due February 2022 1 | US$750
| May 2020 | 3.20% medium-term notes due June 2027 | $750
| May 2020 | 2.44% medium-term notes due June 2025 | $550
| July 2020 | Fixed-to-fixed subordinated term notes due July 2080 2 | US$1,000
Enbridge Gas Inc. |  |  |
| April 2020 | 2.90% medium-term notes due April 2030 | $600
| April 2020 | 3.65% medium-term notes due April 2050 | $600
Spectra Energy Partners, LP |  |
| October 2020 | 3.10% senior notes due October 2040 3 | US$300 |
1 Notes mature in two years and carry an interest rate set to equal the three-month LIBOR plus a margin of 50 basis points. 2 Notes mature in 60 years and are callable on or after year 10. For the initial 10 years, the notes carry a fixed interest rate of 5.75%. Subsequently, the interest rate will be set to equal the Five-Year US Treasury Rate plus a margin of 5.31% from years 10 to 30 and a margin of 6.06% from years 30 to 60. 3 Issued through Texas Eastern Transmission, L.P., a wholly-owned operating subsidiary of SEP.
Schedule of Long-Term Debt Repayments | During the year ended December 31, 2020, we completed the following long-term debt repayments totaling $1.7 billion and US$2.1 billion, respectively:
Company | Repayment Date |  |  | Principal Amount
(millions of Canadian dollars unless otherwise stated) |  |
Enbridge Inc. |  |  |
| January 2020 | Floating rate notes | US$700
| March 2020 | 4.53% medium-term notes | $500
| June 2020 | Floating rate notes |  | US$500
| November 2020 | 4.85% medium-term notes | $100
Enbridge Gas Inc. |  |  |
| November 2020 | 4.04% medium-term notes | $400
Enbridge Pipelines (Southern Lights) L.L.C. |  |
| June and December 2020 | 3.98% senior notes | US$56
Enbridge Pipelines Inc. |  |
| April 2020 | 4.45% medium-term notes | $350
Enbridge Southern Lights LP |  |
| June and December 2020 | 4.01% senior notes | $15
Spectra Energy Partners, LP |  |  |
| January 2020 | 6.09% senior secured notes | US$111
| June 2020 | Floating rate notes |  | US$400
| October 2020 | 4.13% senior notes due 2020 | US$300
Westcoast Energy Inc. |  |  |
| January 2020 | 9.90% debentures | $100
| July 2020 | 4.57% medium-term notes | $250
Schedule of Interest Expense | INTEREST EXPENSE
Year ended December 31, | 2020 | 2019 | 2018
(millions of Canadian dollars) |  |  |
Debentures and term notes | 2,913 |  | 2,783 |  | 3,011 |
Commercial paper and credit facility draws | 123 |  | 273 |  | 171 |
Amortization of fair value adjustment | (54) |  | (67) |  | (131) |
Capitalized interest | (192) |  | (326) |  | (348) |
| 2,790 |  | 2,663 |  | 2,703 |

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