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Consolidated Statements of Cash Flows - CAD
CAD in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities    
Net income CAD 266 CAD 452
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 593 352
Income from equity investments, net of dividends (59) (34)
Allowance for equity funds used during construction (22) (2)
Deferred income taxes, net (67) 20
Net change in pension and post-retirement obligations 13 37
Regulated Fuel Adjustments Mechanism 63 39
Net changes in fair value of derivative instruments 258 96
Net change in regulatory assets and liabilities (25) (6)
Net change in capitalized transportation capacity 33 (133)
Foreign exchange loss (gain) 43 (27)
Gain on APUC sale of common shares and conversion of subscription receipts (223) 0
Proceeds from Other Operating Activities 46  
Payments for Other Operating Activities   (18)
Changes in non-cash working capital 134 (102)
Net cash provided by operating activities 1,053 674
Investing activities    
Acquisition, net of cash acquired (8,409) 0
Additions to property, plant and equipment (1,031) (427)
Purchase of investments subject to significant influence, inclusive of acquisition costs (note 15) (276) (136)
Net proceeds on sale of investment subject to significant influence 665 282
Proceeds on distribution from investment subject to significant influence 0 179
Other investing activities (54) (22)
Net cash used in investing activities (9,105) (124)
Financing activities    
Change in short-term debt, net 118 (262)
Proceeds from long-term debt 6,423 446
Proceeds from convertible debentures, net of issuance costs (2015 represented by instalment receipts) 1,413 681
Retirement of long-term debt (273) (90)
Net repayments under committed credit facilities (315) (201)
Issuance of common stock, net of issuance costs 354 9
Dividends on common stock (221) (162)
Dividends on preferred stock (28) (30)
Dividends paid by subsidiaries to non-controlling interest (5) (14)
Redemption of preferred shares by subsidiary 0 (135)
Other financing activities (18) (21)
Net cash provided by financing activities 7,448 221
Effect of exchange rate changes on cash and cash equivalents (65) 81
Net increase (decrease) in cash and cash equivalents (669) 852
Cash and cash equivalents, beginning of period 1,073 221
Cash and cash equivalents, end of period 404 1,073
Cash and cash equivalents consists of:    
Cash and cash equivalents CAD 404 CAD 221