The Financial Post reports in its Thursday, Oct. 2, edition that Enbridge is moving billions of dollars worth of assets to its United States subsidiaries, a move that allows it to pay less in tax and raise more capital for its major projects. The Post's Geoffrey Morgan writes that Enbridge said Tuesday it had identified $24-billion in assets that could potentially be dropped down to its three subsidiaries, or "sponsored vehicles" as the company describes them, in order to finance its own $44-billion capital program. "Our sponsored vehicle strategy has arguably been slow to develop," said Enbridge senior vice-president John Whelen at the company's investor day in Toronto. Enbridge has transferred $4.2-billion worth of assets to one such subsidiary, Enbridge Income Fund Holdings, since 2011. In the past two weeks, the parent company has accelerated its drop downs. On Sept. 17, Enbridge announced it had proposed a transfer of its remaining 66.7-per-cent interest in the U.S. segment of its Alberta Clipper pipeline to subsidiary Enbridge Energy Partners LP for $900-million. Then on Sept. 22, Enbridge announced it had transferred $1.76-billion worth of natural gas and diluent pipeline assets to Enbridge Income Fund.