Enbridge Energy Partners and Phillips 66 Negotiate Deal for Unit Train Loading
at Enbridge Berthold, North Dakota, Rail Facility
HOUSTON, TX -- (Marketwire) -- 03/20/13 -- Enbridge Rail (North
Dakota) LLC, an affiliate of Enbridge Energy Partners, L.P. (NYSE:
EEP) ("the Partnership"), and Phillips 66 (NYSE: PSX) have agreed to
a three-year deal for unit train loading of Bakken shale crude oil at
the Enbridge Berthold, North Dakota, terminal beginning in May 2013,
with volumes ramping up to 35,000 to 40,000 barrels per day (BPD) by
The Enbridge Berthold Rail Project integrates the Partnership's North
Dakota Pipeline System with an 80,000 BPD rail facility. The Berthold
facility can accommodate up to three unit trains at any given time
and is located adjacent to the Enbridge North Dakota Storage
facilities, which have an ultimate capacity of 2.2 million barrels of
"Our Berthold Rail Project complements a series of expansions the
Partnership has undertaken to expand take-away capacity from North
Dakota. It integrates a near-term transportation option for
high-quality Bakken crude into Enbridge and the Partnership's
expanding portfolio of pipeline projects that access premium markets
across the United States, including Enbridge affiliate, Enbridge Rail
(Philadelphia) L.L.C.'s joint venture rail project near
Philadelphia," said Mark Maki, President of the Partnership.
"Importantly, it allows producers and shippers the ability to
continue to grow their business while we develop the next phase of
pipeline expansions on the Enbridge North Dakota System."
According to Phillips 66, the Bakken crude oil loaded on these unit
trains through the Enbridge Berthold facility will be transported to
Phillips 66 refineries on the West and East Coasts.
About Enbridge Energy Partners, L.P.
Enbridge Energy Partners, L.P.
(www.enbridgepartners.com) owns and operates a diversified portfolio
of crude oil and natural gas transportation systems in the United
States. Its principal crude oil system is the largest transporter of
growing oil production from western Canada. The system's deliveries
to refining centers and connected carriers in the United States
account for approximately 15 percent of total U.S. oil imports, while
deliveries to Ontario, Canada satisfy approximately 70 percent of
refinery demand in that region. The Partnership's natural gas
gathering, treating, processing and transmission assets, which are
principally located onshore in the active U.S. Mid-Continent and Gulf
Coast areas, deliver approximately 2.5 billion cubic feet of natural
gas daily. Enbridge Partners is recognized by Forbes as one of the
100 Most Trustworthy Companies in America.
Enbridge Energy Management, L.L.C. (www.enbridgemanagement.com)
manages the business and affairs of the Partnership, and its sole
asset is an approximate 16 percent interest in the Partnership.
Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of
Enbridge Inc. of Calgary, Alberta, (NYSE: ENB) (TSX: ENB)
(www.enbridge.com), is the general partner of the Partnership and
holds an approximate 21 percent interest in the Partnership.
FOR FURTHER INFORMATION PLEASE CONTACT
Enbridge Energy Partners
Investor Relations Contact:
Toll-free: (866) EEP INFO or (866) 337-4636
Telephone: (877) 496-8142
Telephone: (832) 765-1850
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