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Enbridge Energy Partners Lp

Enbridge Energy Partners, L.P. (EEP) is a publicly traded master limited partnership (MLP) based in Houston, Texas. It is a subsidiary of Enbridge Inc., a Canadian multinational energy transportation company. EEP is engaged in the transportation, distribution, and storage of crude oil and natural gas in the United States.

The company's operations are divided into three segments: Liquids, which includes transportation and storage of crude oil and liquids; Natural Gas, which includes gathering, processing, transportation and storage of natural gas; and Marketing and Midstream, which includes buying, selling, and trading of natural gas and natural gas liquids.

EEP's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "EEP". As a publicly traded partnership, EEP is required to distribute at least 90% of its available cash to unitholders in the form of quarterly distributions. The partnership's units are not actually shares of stock, but rather ownership units in the partnership. Unitholders are entitled to a share of the partnership's income, losses, and deductions in proportion to the number of units they own.

As of 2021, EEP's assets include a network of crude oil pipelines and terminals, natural gas processing plants, and natural gas gathering and transportation systems. The partnership's assets are primarily located in the Midwest and Gulf Coast regions of the United States.

It is worth noting that investing in MLPs like Enbridge Energy Partners, L.P. involves certain risks and complexities, such as the K-1 tax reporting, which is different from the 1099-DIV reporting for regular dividends. It is important for potential investors to conduct thorough research and consult with a financial advisor before making an investment decision.