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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): October 15, 2002
ENBRIDGE ENERGY PARTNERS, L.P.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-10934 39-1715850
(STATE OR OTHER (COMMISSION FILE NO.) (I.R.S. EMPLOYER
JURISDICTION) IDENTIFICATION NO.)
1100 Louisiana, Suite 3300, Houston, Tx 77002
(Address Of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (713) 650-8900
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ITEM 9. REGULATION FD DISCLOSURE
Set forth below is a press release of Enbridge Energy Management, L.L.C.,
an affiliate of Enbridge Energy Partners, L.P., that was released on October
10, 2002 regarding the pricing of the initial public offering of the shares
of Enbridge Energy Management, L.L.C.
NEWS RELEASE
Enbridge Energy Management, L.L.C. (NYSE:EEQ) ("Enbridge Management") today
announced it has priced the initial public offering of 9,000,000 of its
shares at $39.00 per share, less an underwriting discount and other expenses
of the offering. Enbridge Management shares will trade under the symbol
"EEQ" on the New York Stock Exchange commencing on Friday, October 11, 2002.
The shares represent limited liability company interests in Enbridge
Management and carry limited voting rights. The transaction is expected to
close on October 17, 2002.
Enbridge Management was formed to manage and control the business and affairs
of Enbridge Energy Partners, L.P. (NYSE:EEP) ("the Partnership"), and its
only asset will be an approximate 20% limited partner interest in the
Partnership. The Partnership owns the U.S. portion of the world's longest
liquid petroleum pipeline and recently diversified into natural gas
gathering, treating, processing and transmission in east Texas.
Goldman, Sachs & Co. acted as sole book-running lead manager for the
offering. The underwriting group included Banc of America Securities LLC,
CIBC World Markets Corp., Credit Suisse First Boston Corporation, RBC Dain
Rauscher Inc. and UBS Warburg LLC. The offering could be increased by an
additional 1,350,000 shares at the option of the underwriters.
The registration statement filed with the U.S. Securities and Exchange
Commission with respect to this offering was declared effective today. A
copy of the final prospectus may be obtained from Goldman, Sachs & Co., 85
Broad Street, New York, NY 10004, telephone: 212-902-1171 or 1172.
The listing requirements of the NYSE require that the Company disclose that
additional information is available upon which the NYSE relied to list the
Company, and is included in Enbridge Management's listing application. Such
information is available to the public upon request.
This communication shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the shares in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
Class A Common Units of Enbridge Energy Partners, L.P.
(www.enbridgepartners.com) are traded on the New York Stock Exchange under
the symbol "EEP." Enbridge Energy Company, Inc., an indirect wholly owned
subsidiary of Enbridge Inc. of Calgary, Alberta, is the general partner of
and will hold an effective 14.1% interest in Enbridge Partners, following
close of the above noted offering. Enbridge Inc.'s common shares are traded
on the Toronto Stock Exchange and on the New York Stock Exchange under the
symbol "ENB."
INVESTOR RELATIONS CONTACT:
Tracy Barker
Toll-free: (866) EEP INFO or (866) 337-4636
Facsimile: (713) 821-2230
E-mail: investor@enbridgepartners.com
MEDIA CONTACT:
Denise Hamsher
Telephone: (713) 821-2089
Facsimile: (713) 821-2230
E-mail: media@enbridgepartners.com
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ENBRIDGE ENERGY PARTNERS, L.P.
(Registrant)
By: Enbridge Energy Company, Inc.
as General Partner
/s/ Jody L. Balko
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Jody L. Balko
Controller
(Principal Accounting Officer)
Date: October 15, 2002