SOURCE: Enbridge Energy Partners, L.P.

Enbridge Energy Partners, L.P.

August 08, 2011 09:00 ET

Enbridge Energy Partners, L.P. to Add 150 MMcf/d Cryogenic Natural Gas Processing Plant to Its Anadarko System in the Texas Panhandle

HOUSTON, TX--(Marketwire - Aug 8, 2011) - Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners" or "the Partnership") today announced that it will construct a 150 million cubic feet per day (MMcf/d) cryogenic natural gas processing plant on its Anadarko gas gathering system near Wheeler, Texas. The $230 million Ajax plant -- strategically located to serve the rapidly growing Granite Wash play -- will add much-needed natural gas processing capacity to the Partnership's Anadarko System and is expected to be in-service by early 2013.

"The Ajax natural gas processing plant is the latest in a series of major investments to serve producers in the Granite Wash," said Mark Maki, president of the Partnership's management company. "In the last year, we have invested or committed more than $1 billion in this region to serve the needs of our customers, and we continue to explore opportunities for other organic growth and expansion investments in the Granite Wash. This new plant will bring our total Anadarko System processing capacity to 1.2 billion cubic feet per day."

The Enbridge Partners Anadarko System consists of approximately 2,800 miles of natural gas gathering and transportation pipelines in southwest Oklahoma and the Texas Panhandle, on natural gas treating plant, and 12 natural gas processing plants, including the planned Ajax and previously announced Allison plants.

PARTNERSHIP INFORMATION

Enbridge Energy Partners, L.P. owns and operates a diversified portfolio of crude oil and natural gas transportation systems in the United States. Its principal crude oil system is the largest transporter of growing oil production from western Canada. The system's deliveries to refining centers and connected carriers in the United States account for approximately 13 percent of total U.S. oil imports; while deliveries to Ontario, Canada satisfy approximately 70 percent of refinery demand in that region. The Partnership's natural gas gathering, treating, processing and transmission assets, which are principally located onshore in the active U.S. Mid-Continent and Gulf Coast area, deliver approximately 2.5 billion cubic feet of natural gas daily.

Enbridge Energy Management, L.L.C. (NYSE: EEQ) manages the business and affairs of the Partnership and its sole asset is an approximate 14 percent interest in the Partnership. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, (NYSE: ENB) (TSX: ENB) is the general partner and holds an approximate 25 percent interest in the Partnership.

This news release includes forward-looking statements and projections, which are statements that do not relate strictly to historical or current facts. These statements frequently use the following words, variations thereon or comparable terminology: "anticipate," "believe," "continue," "estimate," "expect," "forecast," "intend," "may," "plan," "position," "projection," "strategy" or "will." Forward-looking statements involve risks, uncertainties and assumptions and are not guarantees of performance. Future actions, conditions or events and future results of operations may differ materially from those expressed in these forward-looking statements. Many of the factors that will determine these results are beyond Enbridge Partners' ability to control or predict. Specific factors that could cause actual results to differ from those in the forward-looking statements include: (1) changes in the demand for or the supply of, forecast data for, and price trends related to crude oil, liquid petroleum, natural gas and NGLs, including the rate of development of the Alberta Oil Sands; (2) Enbridge Partners' ability to successfully complete and finance expansion projects; (3) the effects of competition, in particular, by other pipeline systems; (4) shut-downs or cutbacks at facilities of Enbridge Partners or refineries, petrochemical plants, utilities or other businesses for which Enbridge Partners transports products or to whom Enbridge Partners sells products; (5) hazards and operating risks that may not be covered fully by insurance; (6) changes in or challenges to Enbridge Partners' tariff rates; (7) changes in laws or regulations to which Enbridge Partners is subject, including compliance with environmental and operational safety regulations that may increase costs of system integrity testing and maintenance.

Reference should also be made to Enbridge Partners' filings with the U.S. Securities and Exchange Commission; including its Annual Report on Form 10-K for the most recently completed fiscal year and its subsequently filed Quarterly Reports on Form 10-Q, for additional factors that may affect results. These filings are available to the public over the Internet at the SEC's web site (www.sec.gov) and at the Partnership's web site.

Contact Information

  • For further information:

    Investor Relations Contact
    Douglas Montgomery
    Toll-free: (866) EEP INFO or (866) 337-4636
    E-mail: eep@enbridge.com

    Media Contact
    Terri Larson
    Telephone: (877) 496-8142
    E-mail: usmedia@enbridge.com