The following simplified chart depicts ownership interests in, and the relationship between, Enbridge, Enbridge Energy Partners and Midcoast Energy Partners.
Midcoast Energy Partners, L.P. ("Midcoast Energy Partners") is a master limited partnership that trades its Class A common units on the NYSE using ticker symbol MEP.
Midcoast Operating, L.P. ("Midcoast Operating") is a Texas limited partnership that owns a network of natural gas and NGL gathering and transportation systems, natural gas processing and treating facilities and NGL fractionation facilities. Midcoast Operating also owns and operates natural gas, condensate and NGL logistics and marketing assets.
Enbridge Energy Partners, L.P. ("Enbridge Partners") is a master limited partnership that trades its Class A common units on the NYSE using ticker symbol EEP.
Enbridge Inc. ("Enbridge") indirectly owns a 42% ownership interest (indirect ownership inclusive of 2% GP interest), as well as a preferred interest in Enbridge Partners. Enbridge is an active and effective sponsor for Enbridge Management and Enbridge Partners. Enbridge is a large capitalization, energy delivery company with its head office in Calgary, Canada. Its common shares trade on the TSX and NYSE using ticker symbol ENB.