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EEP
Enbridge Energy Partners LP
Oil
Midstream
Limited Partner
Exchange Listing Date 12/20/1991

Net Income Growth %

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Distribution Growth %

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Distribution Coverage Ratio

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Distributable Cash Flow (in millions)

Year Over Year Quarter Over Quarter
6/30/2014 YoY % Change 6/30/2013 6/30/2014 QoQ % Change 3/31/2014
Net Income $ 43.90 -51.17% $ 89.90 $ 43.90 -52.95% $ 93.30
Plus:
Option Premium Amortization$ -0.70 $ -1.10$ -0.70 $ -0.70
Line 6B Incident Expenses$ 36.00 $ -2.00$ 36.00 
Unrealized Derivatives$ 19.50 $ -26.50$ 19.50 $ 4.10
Deferred Tax Law Adjustment $ 12.10 
Make up rights adjustment$ 4.70 0$ 4.70 $ 2.60
Asset Sale  
Accretion of Discount of Series 1 PFD$ 3.70 $ 2.30$ 3.70 $ 3.60
Adjusted EBITDA $ 107.10 43.37% $ 74.70 $ 107.10 4.08% $ 102.90
Less:
Series 1 PFD Distribution$ -22.50 $ -13.10$ -22.50 $ -22.50
Depreciation and Amortization$ -92.30 $ -89.00$ -92.30 $ -88.30
Maintenance CAPEX$ 27.40 $ 30.70$ 27.40 $ 23.40
Distributable Cash Flow $ 194.50 33.13% $ 146.10 $ 194.50 2.21% $ 190.30
Actual Distributions $ 224.70 $ 212.70 $ 224.70 $ 214.50
GP Distribution $ 42.50 $ 35.50 $ 42.50 $ 36.80
Subordinated Distributions 0
Unit Holder Distributions $ 182.20 $ 177.20 $ 182.20 $ 177.70
Distribution Coverage 0.87 x 0.70 x 0.87 x 0.89 x

Distributable Cash Flow (in millions)

Year To Date
YTD 2014 Q2 2014 Q1
Net Income $ 137.20 $ 43.90 $ 93.30
Plus:
Option Premium Amortization$ -1.40$ -0.70$ -0.70
Line 6B Incident Expenses$ 36.00$ 36.00
Unrealized Derivatives$ 23.60$ 19.50$ 4.10
Deferred Tax Law Adjustment0
Make up rights adjustment$ 7.30$ 4.70$ 2.60
Asset Sale0
Accretion of Discount of Series 1 PFD$ 7.30$ 3.70$ 3.60
Adjusted EBITDA $ 210.00 $ 107.10 $ 102.90
Less:
Series 1 PFD Distribution$ -45.00$ -22.50$ -22.50
Depreciation and Amortization$ -180.60$ -92.30$ -88.30
Maintenance CAPEX$ 50.80$ 27.40$ 23.40
Distributable Cash Flow $ 384.80 $ 194.50 $ 190.30
Actual Distributions $ 439.20 $ 224.70 $ 214.50
GP Distribution $ 79.30 $ 42.50 $ 36.80
Subordinated Distributions 0
Unit Holder Distributions $ 359.90 $ 182.20 $ 177.70
Distribution Coverage 0.88 x 0.87 x 0.89 x

Distributable Cash Flow (in millions)

Trailing Twelve Month
TTM 2014 Q2 2014 Q1 2013 Q4 2013 Q3
Net Income $ 135.30 $ 43.90 $ 93.30 $ -16.80 $ 14.90
Plus:
Option Premium Amortization$ 4.60$ -0.70$ -0.70$ 2.70$ 3.30
Line 6B Incident Expenses$ 123.10$ 36.00$ 87.100
Unrealized Derivatives$ 75.10$ 19.50$ 4.10$ 12.40$ 39.10
Deferred Tax Law Adjustment000
Make up rights adjustment$ 8.90$ 4.70$ 2.60$ 1.30$ 0.30
Asset Sale$ -17.10$ -17.10
Accretion of Discount of Series 1 PFD$ 14.20$ 3.70$ 3.60$ 3.50$ 3.40
Adjusted EBITDA $ 344.10 $ 107.10 $ 102.90 $ 73.10 $ 61.00
Less:
Series 1 PFD Distribution$ -90.10$ -22.50$ -22.50$ -22.40$ -22.70
Depreciation and Amortization$ -363.10$ -92.30$ -88.30$ -89.50$ -93.00
Maintenance CAPEX$ 134.70$ 27.40$ 23.40$ 39.50$ 44.40
Distributable Cash Flow $ 662.60 $ 194.50 $ 190.30 $ 145.50 $ 132.30
Actual Distributions $ 867.20 $ 224.70 $ 214.50 $ 215.00 $ 213.00
GP Distribution $ 152.50 $ 42.50 $ 36.80 $ 36.70 $ 36.50
Subordinated Distributions 0 0
Unit Holder Distributions $ 714.70 $ 182.20 $ 177.70 $ 178.30 $ 176.50
Distribution Coverage 0.76 x 0.87 x 0.89 x 0.68 x 0.64 x

Incentive Distribution Rights

General Partner Enbridge Energy Company, Inc. Min Qrtrly Dist Latest Qrtrly Dist $ 0.56
Low High LP Unitholders GP Units / IDRs