Report
Joe Gemino
EUR 101.80 For Business Accounts Only

Enbridge Energy Partners: Construction Continues on the Line 3 Replacement Project

While narrow-moat Enbridge Energy Partners awaits its final permit on the Line 3 expansion project, the company is continuing construction. With an in-service target date during the second half of 2019, which is in line with our forecasts, construction is under way on the Lakehead System (the U.S. portion of the Canadian Mainline) in North Dakota and Wisconsin. The final regulatory hurdle remains in Minnesota, which expects to issue its final decision in April 2018.
Line 3 will add 370 thousand ...
Underlying
Enbridge Energy Partners L.P. Class A

Enbridge Energy Partners owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the U.S. The company's Liquids segment includes the Lakehead, North Dakota and the Mid-Continent crude oil systems. The company's Lakehead system consists of a series of interstate common carrier crude oil and liquid petroleum pipelines, and storage assets. The company's Natural Gas segment consists of natural gas and natural gas liquids (NGL), rail and liquid marketing services, gathering and transportation pipeline systems, natural gas processing and treating facilities and NGL fractionation facilities.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joe Gemino

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