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Major Partnerships and Affiliated Systems |
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ENBRIDGE ENERGY PARTNERS, L.P. (the “Partnership”), headquartered in Houston, is a publicly traded master limited partnership (or MLP) engaged in two main businesses: crude oil and natural gas midstream services. The Partnership’s major systems serve premium energy basins in North America, which have strong long-term production profiles.
The Partnership’s liquids business delivered an average of nearly 1.9 million barrels per day during 2007, including the Lakehead System that transported approximately 11 percent of total U.S. crude oil imports. The Partnership’s natural gas business consists of gathering, transmission, processing, treating and marketing subsidiaries, concentrated in the active Mid-Continent and Gulf Coast regions. Deliveries by these natural gas systems averaged approximately 2.8 billion cubic feet per day in 2007.
The Partnership’s common units, which trade on the New York Stock Exchange (NYSE) under the symbol EEP, are held by approximately 80,000 investors. An additional 9,600 investors hold an indirect interest in the Partnership through ownership of the shares of Enbridge Energy Management, L.L.C. This limited liability company, which manages the business and affairs of the Partnership, trades on the NYSE under the symbol EEQ.
Enbridge Inc. (“Enbridge”), based in Calgary, Alberta, Canada, holds an approximate 15 percent interest in the Partnership through its U.S. subsidiary, Enbridge Energy Company, Inc. (the general partner of the Partnership). Enbridge trades on the NYSE and the Toronto Stock Exchange under the symbol ENB.
