SOURCE: Enbridge Energy Partners, L.P.

September 18, 2008 10:32 ET

Enbridge Energy Partners Reports Limited Impact From Recent Events

HOUSTON, TX--(Marketwire - September 18, 2008) - Enbridge Energy Partners, L.P. (NYSE: EEP) (the "Partnership") today indicated that it does not anticipate a significant financial impact in the aftermath of Hurricane Ike nor from the recent Chapter 11 filing by Lehman Brothers Holdings Inc.

With respect to Hurricane Ike, the Partnership began shutting down facilities in the projected path of the hurricane on Wednesday, September 10, as evacuation of the region began. Critical system operations were relocated to backup facilities without interruption.

The hurricane inflicted no major damage to the Partnership's facilities. All major systems and the Houston office have returned to service. The Partnership is continuing to assess the hurricane's impact on customers connected to certain of its Texas assets. Overall, the Partnership does not expect a significant impact on its full-year earnings or any negative impact on its cash distributions as a result of Hurricane Ike.

All Partnership staff have been accounted for following the hurricane and no serious injuries were reported.

Enbridge Energy Partners, L.P. (www.enbridgepartners.com) 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 11 percent of total U.S. oil imports; while deliveries to Ontario, Canada satisfy approximately 60 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 3 billion cubic feet of natural gas daily.

Enbridge Energy Management, L.L.C. (NYSE: EEQ) (www.enbridgemanagement.com) manages the business and affairs of the Partnership and its sole asset is an approximate 14 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," "expect," 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.

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, 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 via the Partnership's web site.

Contact Information

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

    Media Contact:
    Larry Springer
    Telephone: (713) 821-2253
    E-mail: usmedia@enbridge.com