Enbridge Energy Partners, L.P. Second Quarter 2015 Earnings Presentation July 30, 2015 enbridg e p a rtn e r s . c o m
Agenda 1. Distribution Increase +2.3% 2. Project Execution 3. Drop-Down Update 4. Actions to Strengthen MEP 5. 2Q Financial Results 6. Question & Answer Safety and operational reliability are cornerstones that underpin…
Market Access Growth Projects 2015 growth projects on-track Organic growth projects deliver low-risk, highly certain cash flow growth Capital Timing 2015 Projects (MM)1 Line 67 Alberta Clipper 240 July 2015 +230 kbpd 1 Line 61…
Sandpiper Pipeline Project Update Positive step in regulatory process Certificate of Need Approved by Minnesota Public Utility Commission Total Secured Capital = 2.6 B North Dakota approval received June 2014 Certificate of Need…
Drop-down Outlook from Enbridge Implications of current market conditions Larger scale drop-down plan from Enbridge not likely to be initiated in 2015 Not practical at this time with current market conditions. EEP remains important…
Sponsor Actions to Strengthen MEP Drop-Downs complement funding program Enhance MEPs ability to deliver distribution growth & maintain 1.0x coverage EEP to forgo a portion of its distribution from Midcoast Operating to help MEP…
Q2 2015 Financial Summary Projects delivering meaningful earnings and cash flow growth Financial Results Second Quarter 2015 Highlights Earnings (in millions, except per unit amounts) 2Q15 2Q14 % Change 2.3% Distribution Increase…
Forecasted Capital Expenditures and Available Liquidity 2015 Capital Expenditures ( millions) Available Liquidity Eastern Access1 75 Credit Facilities Cash 1,154 1,072 US Mainline Expansions1 230 1,000 82 276 Sandpiper1 215 Line 3…
Key Takeaways Solid Q2 financial performance; 2.3% distribution increase Meaningful cash flow contributions from growth projects; strong system deliveries Project execution 2015 growth projects on-track; Certificate of Need approved…
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