Enbridge Energy Partners, L.P. · Houston, TX United States ·(NYSE: EEP)
Company Description
Phone: 713-821-2000
Fax: 713-821-2232
Rankings
- #268 in FORTUNE 500
View Enbridge Energy Partners, L.P. Locations On A US Map
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This link will open in a new window Heading up petroleum transportation around the Great Lakes is Enbridge Energy Partners, which owns the 1,900-mile US portion of the world's longest liquid petroleum pipeline. When combined with the Canadian segment (owned and operated by Enbridge Inc. ), the pipeline system spans some 3,500 miles across North America. Other midstream assets include 5,300 miles of crude oil gathering and transportation lines and 28.9 million barrels of crude oil storage and terminaling capacity, and 11,700 miles of natural gas gathering and transportation pipelines. Enbridge Energy Management owns a 14% stake in the company. In 2008 Enbridge Inc. boosted its overall stake in the partnership to 27%. To read the full description, subscribe now.
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Key Enbridge Energy Partners, L.P. Financials
| Company Type | Public - NYSE: EEP Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $10,060.0 |
Enbridge Energy Partners, L.P. Executives
20 executives listed for Enbridge Energy Partners, L.P.'s Houston, TX location.
| Title | Name & Bio | Contact |
| Chairman | Martha Hesse | Network |
| Managing Director and Director | Stephen Letwin | Network |
| VP Finance | Mark Maki | Network |
Competition
Competitive Landscape for Enbridge Energy Partners, L.P.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Enbridge Energy Partners, L.P. Competitors
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