Enbridge Energy Partners, L.P. Declares Distribution for Fourth Quarter 2015
HOUSTON, TX--(Marketwired - Jan 29, 2016) - Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners") announced today that the board of directors of its general partner has declared a quarterly cash distribution of $0.583 per unit, or $2.332 per unit on an annualized basis on all of its outstanding units for the quarter ended December 31, 2015. The approved distribution remains unchanged from the previous quarter and represents an increase of 2.3 percent over the fourth quarter of 2014. The distribution is payable on February 12, 2016, to unitholders of record at the close of business on February 5, 2016.
Enbridge Energy Management Distribution
Enbridge Energy Management, L.L.C. (NYSE: EEQ) ("Enbridge Management") today declared a distribution of $0.583 per share payable on February 12, 2016, to shareholders of record on February 5, 2016. The distribution will be paid in the form of additional shares of Enbridge Management valued at the average closing price of the shares for the 10 trading days prior to the ex-dividend date on February 3, 2016.
Management Review of 2015 Results and 2016 Financial Guidance
Enbridge Partners will host a conference call at 10 a.m. Eastern Time on Wednesday, February 17, 2016 to review its fourth quarter 2015 earnings and present its 2016 financial guidance. The call will be webcast live over the internet and may be accessed on Enbridge Partners' website under "Events and Presentations" or directly at http://edge.media-server.com/m/p/qb68urij.
Presentation slides will also be available at the link below.
EEP Events and Presentations:
A webcast replay and audio replay will be available approximately two hours after the conclusion of the event through March 2, 2016. A transcript will be posted to the website within approximately 24 hours.
Webcast link: http://edge.media-server.com/m/p/qb68urij
Audio replay by telephone:
Toll-free (855) 859-2056
About Enbridge Energy Partners, L.P.
Enbridge Energy Partners, L.P. owns and operates a diversified portfolio of crude oil and, through its interests in Midcoast Energy Partners, L.P. ("Midcoast Partners"), natural gas transportation systems in the United States. Its principal crude oil system is the largest pipeline transporter of growing oil production from western Canada and the North Dakota Bakken formation. The system's deliveries to refining centers and connected carriers in the United States account for approximately 17 percent of total U.S. oil imports. Midcoast Partners' natural gas gathering, treating, processing and transmission assets, which are principally located onshore in the active U.S. Mid-Continent and Gulf Coast areas, deliver approximately 2.2 billion cubic feet of natural gas daily. Enbridge Partners is recognized by Forbes as one of the 100 Most Trustworthy Companies in America.
About Enbridge Energy Management, L.L.C
Enbridge Energy Management, L.L.C. (NYSE: EEQ) manages the business and affairs of Enbridge Partners, and its sole asset is an approximate 15 percent limited partner interest in Enbridge Partners. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, (NYSE: ENB) (TSX: ENB) is the general partner of Enbridge Partners and holds an approximate 42 percent interest in Enbridge Partners together with all of the outstanding preferred units and Class B, D and E units in Enbridge Partners. Enbridge Management is the delegate of the general partner of Enbridge Partners.
(January 29, 2016 - 4:00 PM EST)
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