MIDCOAST ENERGY PARTNERS, L.P. (NYSE:MEP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

MIDCOAST ENERGY PARTNERS, L.P. (NYSE:MEP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On February 27, 2017, following closing of the Enbridge Inc. merger with Spectra Energy Corp, the following officer and director positions were realigned, effective February 27, 2017, to reflect changing roles.

Specifically, C. Gregory Harper no longer serves as President or a director of Midcoast Holdings, L.L.C. (“MH”), which is the general partner of Midocast Energy Partners, L.P. (the “Partnership”). Laura Sayavedra was elected as a director of MH. R. Poe Reed’s title changed from Vice President & Chief Compliance Officer to President of MH. Mr. Reed, 61, was elected Vice President & Chief Commercial Officer of MH in September 2015 and was elected as a director of MH in November 2015. Previously, Mr. Reed was President and Chief Executive Officer of Caliber Midstream from June 2014 to September 2015. Prior to that Mr. Reed was with CenterPoint Energy from January 2011 through June 2014, most recently from December 2013 through June 2014 serving as Executive Vice President and Chief Commercial Officer for Enable Midstream, an MLP in which CenterPoint Energy holds a majority interest and from January 2011 to December 2013 serving as Senior Vice President and Chief Commercial Officer for Interstate Pipelines for CenterPoint Energy.

In addition, Noor Kaissi no longer serves as Controller and principal accounting officer. Allen Capps was appointed Controller and principal accounting officer. Mr. Capps, 46, is also Controller of Spectra Energy Partners GP, LLC and was appointed Vice President and Controller of Spectra Energy Corp in January 2012. He previously served as Vice President, Business Development, Storage and Transmission, for Union Gas from April 2010. Prior to such time, Mr. Capps served as Vice President and Treasurer for Spectra Energy Corp from December 2007 until April 2010. Mr. Capps has a strong knowledge of the energy industry and years of experience in senior finance and treasury roles.

Chris Kaitson, a named executive officer of MH, has retired from his position as Vice President – Law & Assistant Corporate Secretary of MH.


About MIDCOAST ENERGY PARTNERS, L.P. (NYSE:MEP)

Midcoast Energy Partners, L.P. is a limited partnership that serves as Enbridge Energy Partners, L.P.’s primary vehicle for owning and operating its natural gas and natural gas liquids (NGLs) midstream business in the United States. The Company operates through two segments: Gathering, Processing and Transportation, and Logistics and Marketing. Its gathering, processing and transportation business includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities, condensate stabilizers and an NGL fractionation facility. Its logistics and marketing business provides marketing services of natural gas, NGLs and condensate received from its gathering, processing and transportation business. Its physical assets consist of over 200 transport trucks, approximately 370 trailers and over 200 railcars for transporting NGLs; TexPan liquids railcar facility near Pampa, Texas, and Petal truck and rail facility near Hattiesburg, Mississippi.

MIDCOAST ENERGY PARTNERS, L.P. (NYSE:MEP) Recent Trading Information

MIDCOAST ENERGY PARTNERS, L.P. (NYSE:MEP) closed its last trading session 00.00 at 8.00 with 75,221 shares trading hands.

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