content_image/112968.jpg content_image/112976.jpg
## FUTURE INCOME TAX ASSETS AND LIABILITIES 

<img src='content_image/112968.jpg'>

The Company follows the taxes payable method of accounting for income taxes related to the operations of the Canadian natural gas transmission operations. If the liability method of accounting had been used, additional future income tax liabilities in the amount of $1,716 million at December 31, 2001 (2000 – $1,722 million) would have been recorded and would be recoverable from future revenues. 

## UNREMITTED EARNINGS OF FOREIGN INVESTMENTS 

Income taxes have not been provided on the unremitted earnings of foreign investments which the Company intends to indefinitely reinvest in foreign operations. If provision for these taxes had been made, future income tax liabilities would increase by approximately $54 million at December 31, 2001 (2000 – $41 million). 

## INCOME TAX PAYMENTS 

Income tax payments of $310 million, $257 million and $196 million were made during the years ended December 31, 2001, 2000 and 1999, respectively. 

## NOTE 14 – NOTES PAYABLE 

<img src='content_image/112976.jpg'>

The Company has unused lines of credit of $1.8 billion at December 31, 2001, which support the Company’s commercial paper program and are available to secure energy commodity purchases and for general corporate purposes. If used, interest on the lines of credit would be charged at prime rates of Canadian chartered and U.S. banks and at other negotiated financial bases. The cost to maintain the unused portion of the lines of credit is approximately $1 million for the year ended December 31, 2001 (2000 – $2 million). 

## NOTE 15 – EMPLOYEE FUTURE BENEFITS 

The Company sponsors defined benefit and defined contribution pension plans that cover substantially all employees. The defined benefit pension plans are based on years of service and highest average earnings over three consecutive years of employment. Under the defined con- tribution pension plan, Company contributions are based on the participating employees’ pensionable earnings. The Company also provides its employees with other post-employment benefits other than pensions, including special termination benefits and defined life insurance and medical benefits beyond those provided by government-sponsored plans. 

