Seeking Alpha

Enbridge Energy in $350M drop-down of nat gas interests to Midcoast Energy

  • Enbridge Energy Partners (EEP) says it will sell a 12.6% interest in its natural gas midstream business to Midcoast Energy Partners (MEP) for $350M.
  • EEP says it plans to use the proceeds to help fund its pipeline expansion program.
  • EEP's interest in its Midcoast Operating subsidiary will fall to 48.4% after the sale.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs