Enbridge Energy Partners to Acquire $682 Million Natural Gas Gathering and Processing System in Texas Panhandle, Southwestern Oklahoma
HOUSTON, TX--(Marketwire - July 28, 2010) - Enbridge Energy Partners, L.P. (NYSE: EEP) ("the Partnership") today announced that its affiliate, Enbridge Pipelines (TX Gathering) LP, plans to acquire the entities that comprise the Elk City Gathering and Processing System ("ECOP") from Atlas Pipeline Partners for $682 million. The acquisition is expected to close by late 3rd quarter or in 4th quarter 2010, and will be accretive to earnings upon integration with the Partnership's Anadarko system.
July 28, 2010 | Filed Under
Mergers and Acquisitions
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