ENBRIDGE ENERGY PARTNERS, L.P. (NYSE:EEP) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01 thereof that the Partnership consummated the previously announced sale of all of its ownership interests in the Midcoast Energy Partners, L.P. gas gathering and processing business (the “MEP Business”) to Enbridge Energy Company, Inc. (collectively, the “Disposition”). This Amendment is being filed to file pro forma financial statements of the Partnership reflecting the Disposition to Item 9.01(b)(1) of Form 8-K.
Item 9.01. Financial Statements and Exhibits.
| (b) | Pro forma financial information. |
As a result of the Disposition on June 28, 2017, in the Partnership’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 (the “Form 10-Q”), the MEP Business was reflected as discontinued operations in the Partnership’s unaudited consolidated statements of income for the three and six months ended June 30, 2017 and in the Partnership’s unaudited consolidated statements of financial position as of December 31, 2016. The results of operations for the disposed MEP Business for such periods, and the major classes of assets and liabilities of the MEP Business as of such date, are included in Note 6 to the Partnership’s unaudited consolidated financial statements included in the Form 10-Q. The disposition of the MEP Business was completed prior to the June 30, 2017 balance sheet included in the Form 10-Q, and was therefore already reflected therein. The information described in the preceding sentences that was included in the Form 10-Q is incorporated herein by reference.
Unaudited pro forma consolidated financial information of the Partnership as of and for the year ended December31, 2016 reflecting the Disposition as if it had occurred on January 1, 2016 is attached hereto as Exhibit99.1.
ENBRIDGE ENERGY PARTNERS LP ExhibitEX-99.1 2 tv478073_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Enbridge Energy Partners,…To view the full exhibit click here
About ENBRIDGE ENERGY PARTNERS, L.P. (NYSE:EEP)
Enbridge Energy Partners, L.P. is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States. The Company’s activities include interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. The Company operates in two business segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead, Mid-Continent and North Dakota systems. The Natural Gas segment includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities, condensate stabilizers and an NGL fractionation facility.