The Company's non-controlling interests included in the Consolidated Balance Sheet were as follows:
The Company's non-controlling interests included in the Consolidated Income Statement were as follows:
The non-controlling interests in PipeLines LP and Portland as at December 31, 2009 represented the 61.8 per cent and 38.3 per cent interest, respectively, not owned by TransCanada (2008 and 2007 — 67.9 per cent and 38.3 per cent, respectively).
TransCanada received fees of $2 million from PipeLines LP in 2009 (2008 and 2007 — $2 million) and $8 million from Portland in 2009 (2008 and 2007 — $7 million) for services it provided.
Preferred Shares of Subsidiary
The authorized number of preferred shares of TCPL issuable in each series is unlimited. All of the cumulative first preferred shares of TCPL are without par value.
On or after October 15, 2013, TCPL may redeem the Series U shares at $50 per share, and on or after March 5, 2014, TCPL may redeem the Series Y shares at $50 per share.
Cash dividends of $22 million or $2.80 per share were paid on the Series U and Series Y preferred shares in each of 2009, 2008 and 2007.