Enbridge Energy Management, L.L.C. (EEQ) - NYSE
  • Dec. 4, 2014, 3:25 PM
    • Enbridge (ENB +10.8%) soars to all-time highs on heavy volume following news of its sweeping plan to raise its dividend by 33% and transfer ownership of its Canadian pipelines to affiliates in a bid to lower funding costs for future expansion and new projects.
    • The dropdown allows ENB “to accelerate dividend growth immediately and for the next four-plus years,” ScotiaBank analyst Matthew Akman says.
    • "It's another attempt to remove the conglomerate discount by streamlining its businesses," says Colin Cieszynski of CMC Markets.
    • The move comes as rival TransCanada (TRP +1.6%) faces pressure from activist investors to overhaul its business, including accelerating dropdowns into its U.S.-based affiliate TC Pipelines (TCP +0.6%) and a spinoff of its power business.
    • EEP +6.6%, EEQ +7.3%.
    | Dec. 4, 2014, 3:25 PM | 4 Comments
  • Dec. 4, 2014, 8:41 AM
    • Enbridge (NYSE:ENB+9.6% premarket after saying it will increase its dividend by 33% and transfer ownership of its Canadian pipelines to affiliates in an attempt to lower funding costs for future expansion and new projects.
    • ENB plans to drop down its Canadian pipeline assets to its Enbridge Income Fund subsidiary and then raise up to C$800M in equity over the next three years through another affiliate, Enbridge Income Fund Holdings (OTC:EBGUF).
    • The combined value of the pipeline assets involved in the transfer totals C$17B and includes the Canadian segment of the Alberta Clipper pipeline.
    • ENB says it also is considering a similar move to restructure its U.S. assets by transferring them to its Enbridge Energy Partners (NYSE:EEP) affiliate.
    | Dec. 4, 2014, 8:41 AM | 4 Comments
  • Sep. 18, 2014, 5:36 PM
    | Sep. 18, 2014, 5:36 PM
  • Jun. 19, 2014, 12:45 PM
    | Jun. 19, 2014, 12:45 PM
  • Sep. 9, 2013, 5:11 PM
    • Enbridge Energy Management (EEQ) -3.4% AH after saying it commenced a public offering of ~8M of its listed shares.
    • Proceeds will be used to invest in an equal number of i-units of Enbridge Energy Partners (EEP), which will pay down debt, finance a portion of its capex program relating to its core liquids and natural gas systems, and for general partnership purposes.
    | Sep. 9, 2013, 5:11 PM | 1 Comment
  • Feb. 26, 2013, 9:10 AM
    Premarket gainers: CWH +28%. ALC +22%. ARWR +17%. AXTI +8%. SPRD +7%. AUXL +6%. DCTH +5%.
    Losers: TWI -10%. VVUS -7%. VSI -7%. EEQ -5%.
    | Feb. 26, 2013, 9:10 AM | 1 Comment
  • Feb. 25, 2013, 5:45 PM

    Enbridge Energy Management (EEQ) -4.9% AH after announcing a public offering of 9M shares. Proceeds will be used to invest in an equal number of i-units of Enbridge Energy Partners (EEP), who plans to utilize such proceeds to debt, finance a portion of its capital expansion program and for general partnership purposes. EEP +0.8% AH.

    | Feb. 25, 2013, 5:45 PM | 3 Comments
Company Description
Enbridge Energy Management LLC manages and controls the business and affairs of Enbridge Energy Partners LP, which engages in the transportation and distribution of energy. The company was founded on May 14, 2002 and is headquartered in Houston, TX.
Industry: Independent Oil & Gas
Country: United States