Enbridge Energy Partners
Stock Symbol: EEP
Enbridge Energy Partners Industry:
Energy/Oil, Gas, Coal
Enbridge Energy Partners Description:
Enbridge Energy Partners L.P. ("the Partnership") owns crude oil, liquid petroleum and natural gas midstream businesses in the United States. Its liquids business is generally conducted through ownership of the U.S. portion of the world's longest liquid petroleum pipeline, which transports crude oil and liquid petroleum primarily from reserves in western Canada, the northern United States, and the Gulf Coast to refining centers in the U.S. Midwest and to Ontario, Canada.
Enbridge Energy Partners Financial Summary:
Enbridge Energy Partners Business Summary:
Enbridge Energy Partners, L.P. (partnership) engages in the ownership and operation of crude oil, liquid petroleum, and natural gas midstream businesses in the United States. The company has three segments: Liquids, Natural Gas, and Marketing. The Liquids segment includes Lakehead system, a common carrier pipeline, and North Dakota system, a feeder pipeline. The Lakehead system consists primarily of crude oil and liquid petroleum transportation in the Great Lakes and Midwest regions of the United States, and the Province of Ontario, Canada. The North Dakota system includes approximately 330 miles of crude oil gathering lines connected to a transportation line. The company’s Natural Gas segment operates its natural gas gathering and transmission pipelines, treating plants, and processing plants. This segment also includes the transportation of natural gas liquids, crude oil, and carbon dioxide by rail and road, and the related rail cars, trucks, and trailers. The Marketing segment provides natural gas supply, transmission, and sales services to producers and wholesale customers. The company’s customers primarily include integrated oil companies, major independent oil producers, refiners, marketers, power plants, industrial facilities, local distribution companies, large consumers seeking an alternative to their local distribution company, and shippers of natural gas. Enbridge Energy Company, Inc. serves as the general partner of the partnership. Enbridge Energy was formed in 1991 and is based in Houston, Texas.