HOUSTON, TX--(Marketwired - Jan 29, 2015) - As previously announced on December 23, 2014, Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners") declared a quarterly cash distribution of $0.57 per unit, or $2.28 per unit on an annualized basis on all of its outstanding units, for the quarter ended December 31, 2014. The approved distribution represents an increase of 2.7 percent over the previous quarter's cash distribution and 4.9 percent over the fourth quarter of 2013. The distribution is payable on February 13, 2015, to unitholders of record at the close of business on February 6, 2015.
Enbridge Energy Management Distribution
Enbridge Energy Management, L.L.C. (NYSE: EEQ) ("Enbridge Management") today declared a distribution of $0.57 per share payable on February 13, 2015 to shareholders of record on February 6, 2015. 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 4, 2015.
Management Review of Quarterly Results and 2015 Financial Guidance
Enbridge Partners will host a conference call at 10 a.m. Eastern Time on Thursday, February 19, 2015 to review its fourth quarter 2014 earnings and present its 2015 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/bbk49axk.
A replay will be available shortly afterward. Presentation slides will also be available at the link below.
EEP Events and Presentations:
www.enbridgepartners.com/Investor-Relations/EEP/Events-and-Presentations
Webcast link: http://edge.media-server.com/m/p/bbk49axk
The audio portion of the live presentation will be accessible by telephone at (866)-3188619 (Passcode: 26880896) and can be replayed until March 5, 2015 by calling (888) 286-8010 (Passcode: 75558254). An audio replay will also be available for download in MP3 format from either of the website addresses above.
About Enbridge Energy Partners, L.P.
Enbridge Partners 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 2.5 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 Management manages the business and affairs of Enbridge Partners, and its sole asset is an approximate 16 percent limited partner interest in Enbridge Partners. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, Canada (NYSE: ENB) (TSX: ENB) is the general partner of Enbridge Partners and holds an approximate 37 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.