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VARIABLE INTEREST ENTITIES (Tables)

12 Months Ended

Dec. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Assets and Liabilities of Consolidated VIEs

The following table includes assets to be used to settle liabilities of our consolidated VIEs and liabilities of our consolidated VIEs for which creditors do not have recourse to our general credit as the primary beneficiary. These assets and liabilities are included in the Consolidated Statements of Financial Position.


December 31,	2020	2019
(millions of Canadian dollars)
Assets
Cash and cash equivalents	215	208
Restricted cash	1	1
Accounts receivable and other	65	76

Inventory	7	4
	288	289
Property, plant and equipment, net	3,201	3,392
Long-term investments	14	15
Restricted long-term investments	84	69
Deferred amounts and other assets	3	4
Intangible assets, net	115	124


	3,705	3,893
Liabilities

Accounts payable and other	52	56




	52	56

Other long-term liabilities	175	130
Deferred income taxes	5	5
	232	191
Net assets before noncontrolling interests	3,473	3,702

Schedule of the Carrying Amount of Interest in VIEs

The carrying amount of our interest in VIEs that are unconsolidated and our estimated maximum exposure to loss as at December 31, 2020 and 2019 are presented below:


	Carrying Amount of Investment	Enbridge’s Maximum Exposure to
December 31, 2020	in VIE	Loss
(millions of Canadian dollars)
Aux Sable Liquid Products L.P.1	106	187
Éolien Maritime France SAS2	96	949
Enbridge Renewable Infrastructure Investments S.a.r.l.3	100	2,516
Enbridge Éolien France 2 S.a.r.l4	2	230
PennEast Pipeline Company, LLC5	116	371
Rampion Offshore Wind Limited6	599	650
Vector Pipeline L.P.7	201	390
Other8	131	131
	1,351	5,424


	Carrying Amount of Investment	Enbridge’s Maximum Exposure to
December 31, 2019	in VIE	Loss
(millions of Canadian dollars)
Aux Sable Liquid Products L.P.1	123	148
Éolien Maritime France SAS2	67	725
Enbridge Renewable Infrastructure Investments S.a.r.l.3	141	2,720
Gray Oak Holdings LLC9	463	935
PennEast Pipeline Company, LLC5	106	368
Rampion Offshore Wind Limited6	600	620
Vector Pipeline L.P.7	195	392
Other8	57	57
	1,752	5,965

1At December 31, 2020 and 2019, the maximum exposure to loss includes a guarantee issued by us for our respective share of the VIE’s borrowing on a bank credit facility.

2At December 31, 2020 and 2019, the maximum exposure to loss includes the portion of our parental guarantee that has been committed in project construction contracts for which we would be liable in the event of default by the VIE and an outstanding affiliate loan receivable for $132 million and $166 million held by us as at December 31, 2020 and 2019, respectively.

3At December 31, 2020 and 2019, the maximum exposure to loss includes the portion of our parental guarantee that has been committed in project construction contracts for which we would be liable in the event of default by the VIE and an outstanding affiliate loan receivable for $904 million and $766 million held by us as at December 31, 2020 and 2019, respectively.

4At December 31, 2020, the maximum exposure to loss includes our portion of project construction costs.

5At December 31, 2020 and 2019, the maximum exposure to loss includes the remaining expected contributions to the joint venture.

6At December 31, 2020 and 2019, the maximum exposure to loss includes the portion of our parental guarantee that has been committed in project construction contracts for which we would be liable in the event of default by the VIE.

7At December 31, 2020 and 2019, the maximum exposure to loss includes the carrying value of an outstanding affiliate loan receivable for $84 million and $92 million held by us as at December 31, 2020 and 2019, respectively, in addition an outstanding credit facility for $105 million as at December 31, 2020.

8At December 31, 2020 and 2019, the maximum exposure to loss is limited to our equity investment as these companies are in operation and self-sustaining.

9At December 31, 2019, the maximum exposure to loss includes our portion of project construction costs.

- 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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