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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
(in millions)
Maturity Date
2016

2015

Regulated Utilities
 
 
 
ITC
 
 
 
Secured US First Mortgage Bonds -
 
 
 
 
4.81% weighted average fixed rate
2017-2055
$
1,994

$
—

Secured US Senior Notes -
 
 
 
 
4.19% weighted average fixed rate
2040-2046
638

—

Unsecured US Senior Notes -
 
 
 
 
4.80% weighted average fixed rate
2017-2043
3,160

—

Unsecured US Shareholder Note -
 
 
 
 
6.00% fixed rate (Note 27)
2028
267

—

UNS Energy
 
 
 
Unsecured US Tax-Exempt Bonds - 3.87% weighted
 
 
 
 
average fixed and variable rate (2015 - 3.83%)
2020-2040
827

852

Unsecured US Fixed Rate Notes -
 
 
 
 
4.26% weighted average fixed rate (2015 - 4.26%)
2021-2045
1,511

1,557

Central Hudson
 
 
 
Unsecured US Promissory Notes - 4.25% weighted
 
 
 
 
average fixed and variable rate (2015 - 4.30%)
2017-2046
768

728

FortisBC Energy
 
 
 
Secured Purchase Money Mortgages -
 
 
 
 
10.30% weighted average fixed rate (2015 - 10.30%)
n/a
—

200

Unsecured Debentures -
 
 
 
 
5.24% weighted average fixed rate (2015 - 5.73%)
2026-2047
2,220

1,770

Government loan
n/a
—

5

FortisAlberta
 
 
 
Unsecured Debentures -
 
 
 
 
4.82% weighted average fixed rate (2015 - 4.95%)
2024-2052
1,834

1,684

FortisBC Electric
 
 
 
Secured Debentures -
 
 
 
 
8.80% fixed rate (2015 - 8.80%)
2023
25

25

Unsecured Debentures -
 
 
 
 
5.22% weighted average fixed rate (2015 - 5.36%)
2021-2050
635

660

Eastern Canadian
 
 
 
Secured First Mortgage Sinking Fund Bonds -
 
 
 
 
6.48% weighted average fixed rate (2015 - 6.72%)
2020-2045
516

553

Secured First Mortgage Bonds -
 
 
 
 
6.19% weighted average fixed rate (2015 - 7.18%)
2018-2061
195

167

Unsecured Senior Notes -
 
 
 
 
6.11% weighted average fixed rate (2015 - 6.11%)
2018-2041
104

104

Caribbean Electric
 
 
 
Unsecured US Senior Loan Notes and Bonds - 4.92% weighted
 
 
 
 
average fixed and variable rate (2015 - 4.89%)
2018-2046
499

467

Corporate
 
 
 
Unsecured US Senior Notes and Promissory Notes -
 
 
 
 
3.43% weighted average fixed rate (2015 - 4.43%)
2019-2044
4,353

1,720

Unsecured Debentures -
 
 
 
 
6.50% weighted average fixed rate (2015 - 6.49%)
2039
200

201

Unsecured Senior Notes - 2.85% fixed rate
2023
500

—

Long-term classification of credit facility borrowings (Note 32)
973

551

Total long-term debt (Note 30)
 
21,219

11,244

Less: Deferred financing costs and debt discounts
 
(151
)
(76
)
Less: Current installments of long-term debt
 
(251
)
(384
)
 
 
 
$
20,817

$
10,784
Schedule of Repayment of Long-Term Debt
The consolidated annual requirements to meet principal repayments and maturities in each of the next five years and thereafter are as follows.
 
Subsidiaries

Corporate

Total

Year
(in millions)

(in millions)

(in millions)

2017
$
249

$
2

$
251

2018
929

2

931

2019
556

123

679

2020
544

181

725

2021
460

1,296

1,756

Thereafter
12,963

3,914

16,877

 
$
15,701

$
5,518

$
21,219