EEQ 9.74  1.22%
EEP 10.52  1.03%
ENB 31.98  3.38%

Quarterly Earnings

November 2, 2017

Enbridge Energy Management, L.L.C. (NYSE: EEQ) (Enbridge Management) manages the business and affairs of Enbridge Partners, and its sole asset is an approximate 19 percent limited partner interest in Enbridge Energy Partners, L.P. (EEP)

On October 25, 2017, EEP declared a quarterly cash distribution of $0.35 per unit payable on November 14, 2017 to shareholders of record on November 7, 2017. The distribution will be paid in the form of 2.5457 additional shares of Enbridge Energy Management valued for each 100 shares of record on November 7, 2017.

Q3 2017 EEP Results

Mark Maki - Senior VP & President, EEP

Third quarter results were in-line with the Partnership's expectations demonstrating the reliability of the restructured business model. The Lakehead system, which is the most significant contributor to results, provided stable and predictable earnings resulting from the regulated cost of service nature of the business that has limited financial exposure to throughput volatility.

In the Bakken region, demand for transportation on the legacy North Dakota system into Clearbrook, Minnesota remained strong, averaging over 219 kbpd for the third quarter. Results also benefited from a full quarter of contributions from EEP's interest in the Bakken Pipeline System that was placed into service on June 1, 2017.

"Our results for the quarter are right in-line with our expectations," said Mark Maki, President for the Partnership. "This quarter represents the first full quarter following our restructuring to a new lower risk, pure-play business model. With the sale of the natural gas business now closed, the Partnership has returned to its core business of stable liquids pipeline and storage assets. As a result, we are on track to deliver on our previously disclosed guidance," concluded Mr. Maki.

Mark Maki

President, EEP