November 2, 2015
Enbridge Energy Partners, L.P. (NYSE:EEP) ("Enbridge Partners" or "the Partnership") announced today that the board of directors of the delegate of its general partner has declared a cash distribution of $0.583 per unit, or $2.332 per unit on an annualized basis, representing a 5 percent increase compared with the third quarter of 2014.
"The long-term outlook for the Partnership remains strong. Our liquids pipeline system is one of the most strategic energy infrastructure assets in North America."
"The Partnership’s financial and volumetric performance demonstrates the benefits of its low-risk business model and our liquids pipeline systems’ premier supply access and market demand pull. Our financial results through the third quarter of 2015 are well in-line with our expectations and supported by continued strong deliveries on our pipeline systems, complemented by pipeline expansion projects placed into service in 2014 and 2015. A phase of our U.S. Mainline Expansion completed in July 2015 increases our pipeline capacity by an incremental 230,000 barrels per day into Superior, Wisconsin, through the addition of new pump stations. Our organic growth program will enhance and expand our pipeline systems’ access to premium North American crude oil markets. These growth projects are underpinned by long-term, low-risk commercial structures, such as cost-of-service and take-or-pay, that are expected to deliver highly certain and sustainable cash flow growth."