Enbridge Energy Management L L C (EEQ) 10-Q 31 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ENBRIDGE ENERGY MANAGEMENT L L C
Entity Central Index Key	1,173,911
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		70,404,583
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	eeq

STATEMENTS OF INCOME

STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
STATEMENTS OF INCOME [Abstract]
Equity income (loss) from investment in Enbridge Energy Partners, L.P. (Note 1)	$ (92.5)	$ 1.8	$ (75)	$ 13.2
Income (loss) before income tax expense (benefit)	(92.5)	1.8	(75)	13.2
Income tax expense (benefit)	(34.4)	0.7	(27.7)	4.9
Net income (loss)	$ (58.1)	$ 1.1	$ (47.3)	$ 8.3
Net income (loss) per share, (basic and diluted) (in dollars per share)	$ (0.83)	$ 0.02	$ (0.68)	$ 0.13
Weighted average shares outstanding (in shares)	69.9	65.6	69.4	65

STATEMENTS OF COMPREHENSIVE INC

STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income (loss)	$ (58.1)	$ 1.1	$ (47.3)	$ 8.3
Equity in other comprehensive income (loss) of Enbridge Energy Partners, L.P., net of tax expense (benefit) of $7.4 million, $(4.8) million, $(4.4) million and $(9.8) million, respectively	12.5	(8.1)	(7.6)	(16.7)
Comprehensive loss	$ (45.6)	$ (7)	$ (54.9)	$ (8.4)

STATEMENTS OF COMPREHENSIVE IN4

STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Other comprehensive income (loss), tax expense (benefit)	$ 7.4	$ (4.8)	$ (4.4)	$ (9.8)

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash provided by operating activities:
Net income (loss)	$ (47.3)	$ 8.3
Adjustments to reconcile net income (loss) to net cash in operating activities:
Equity loss (income) from investment in Enbridge Energy Partners, L.P.	75	$ (13.2)
Changes in operating assets and liabilities:
Due from affiliates	0.2
Due to affiliates	(0.1)	$ 0.1
Deferred income taxes	$ (27.7)	4.9
Other		$ (0.1)
Net cash provided by operating activities	$ 0.1
Cash used in investing activities:
Net cash used in investing activities
Cash provided by financing activities:
Net cash provided by financing activities
Net increase in cash and cash equivalents	$ 0.1
Cash and cash equivalents at beginning of year	0.7	$ 0.7
Cash and cash equivalents at end of period	$ 0.8	$ 0.7

STATEMENTS OF FINANCIAL POSITIO

STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash	$ 0.8	$ 0.7
Due from affiliates		0.2
Investment in Enbridge Energy Partners, L.P. (Note 2)	$ 459.8	667.1
Deferred income tax asset (Notes 2 and 3)	150.5	73.7
Assets, total	$ 611.1	741.7
LIABILITIES AND SHAREHOLDERS' EQUITY
Due to affiliates		0.1
Liabilities, total		$ 0.1
Commitments and contingencies
Shareholders' equity
Voting shares-unlimited authorized; 5.31 and 5.15 issued and outstanding at June 30, 2015 and December 31, 2014, respectively
Listed shares-unlimited authorized; 70,404,583 and 68,305,182 issued and outstanding at June 30, 2015 and December 31, 2014, respectively (Note 2)	$ 1,360.9	$ 1,358
Accumulated deficit	(718.5)	(592.7)
Accumulated other comprehensive loss	(31.3)	(23.7)
Total shareholders' equity	611.1	741.6
Total liabilities and stockholders' equity	$ 611.1	$ 741.7

STATEMENTS OF FINANCIAL POSITI7

STATEMENTS OF FINANCIAL POSITION (Parenthetical) - shares	Jun. 30, 2015	Dec. 31, 2014
Voting Shares [Member]
Issued (in shares)	5.31	5.15
Outstanding (in shares)	5.31	5.15
Listed Shares [Member]
Issued (in shares)	70,404,583	68,305,182
Outstanding (in shares)	70,404,583	68,305,182

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2015
BASIS OF PRESENTATION [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION We are a limited partner of Enbridge Energy Partners, L.P., which we refer to as the Partnership, through our ownership of i-units, a special class of the Partnership's limited partner interests. Under a delegation of control agreement among us, the Partnership and its general partner, Enbridge Energy Company, Inc., referred to as the General Partner, we manage the Partnership's business and affairs. The General Partner is an indirect, wholly-owned subsidiary of Enbridge Inc., an energy company based in Calgary, Alberta, Canada that we refer to herein as Enbridge. We have prepared the accompanying unaudited interim financial statements in accordance with generally accepted accounting principles in the United States of America, or GAAP, for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management, they contain all adjustments, consisting only of normal recurring adjustments, which management considers necessary to present fairly our financial position at June 30, 2015, our results of operations for the three and six months ended June 30, 2015 and 2014 and our cash flows for the six months ended June 30, 2015 and 2014. We derived our statement of financial position as of December 31, 2014 from the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Our results of operations for the three and six months ended June 30, 2015 should not be taken as indicative of the results to be expected for the full year. The unaudited interim financial statements should be read in conjunction with our financial statements and notes thereto presented in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Our results of operations, financial position and cash flows are dependent on the results of operations, financial position and cash flows of the Partnership. As a result, you should also read these unaudited interim financial statements in conjunction with the Partnership's audited consolidated financial statements and notes thereto presented in its Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as the Partnership's unaudited interim consolidated financial statements presented in its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2015. Partnership Incentive and Other Distributions The General Partner receives distributions through a wholly-owned subsidiary's ownership of Incentive Distribution Units, or IDUs, on the portion of cash distributions that exceed certain target thresholds on a per unit basis under the Seventh Amended and Restated Agreement of the Limited Partnership of the Partnership dated as of January 2, 2015, or the Partnership Agreement. The IDUs entitle the holder thereof to receive 23 0.5435 In addition, the General Partner receives distributions from the Partnership through its ownership of Preferred Units, Class D units, and Class E units. The Preferred Units are entitled to annual distributions of 7.50 The effect of distributions to holders of the IDUs, Preferred Units, Class D units, and Class E units are divided among the Partnership's remaining limited partners: (1) Class A common units, (2) Class B common units, and (3) i-units based on our ownership interest in the Partnership. Thus, our “Equity income (loss) from the investment in Enbridge Energy Partners, L.P.” on our statements of income includes our pro-rata share of these costs every quarter. The Partnership Agreement does not permit capital deficits to accumulate in the capital account of any limited partner and thus requires that such capital account deficits brought to zero 38.8 22.9 39.1 23.1

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2015
SHAREHOLDERS' EQUITY [Abstract]
SHAREHOLDERS' EQUITY	2. SHAREHOLDERS' EQUITY The Partnership records an adjustment to the carrying value of its book capital accounts for certain changes to its equity structure. We refer to these adjustments as capital account adjustments. We recognize any capital account adjustments recorded by the Partnership to the book capital account it maintains for our i-units by increasing or decreasing our investment in the Partnership and recording a corresponding capital account adjustment directly to “Shareholders' equity” on our statements of financial position. The following table presents significant changes in Shareholders' equity during the six months ended June 30, 2015 and 2014. For the six months ended June 30, 2015 2014 (in millions) Listed Shares: Beginning balance $ 1,358.0 $ 1,603.9 Net proceeds and issuance costs from share issuance — — Capital account adjustments (75.6 ) 1.0 Share distributions 78.5 70.0 Ending balance $ 1,360.9 $ 1,674.9 Accumulated deficit: Beginning balance $ (592.7 ) $ (475.8 ) Net income (loss) (47.3 ) 8.3 Share distributions (78.5 ) (70.0 ) Ending balance $ (718.5 ) $ (537.5 ) Accumulated other comprehensive loss: Beginning balance $ (23.7 ) $ (9.0 ) Equity in other comprehensive income of the Partnership (7.6 ) (16.7 ) Ending balance $ (31.3 ) $ (25.7 ) Total Shareholders' equity $ 611.1 $ 1,111.7 Share Distributions The following table sets forth the details regarding our share distributions, as approved by our board of directors, for the six months ended June 30, 2015: Distribution Average Listed Shares per Unit Closing Additional Shares Distributed Distribution Distribution of the Price of the i-units Distributed to General Declaration Date Record Date Payment Date Partnership Listed Shares Owned to Public Partner April 30, 2015 May 8, 2015 May 15, 2015 $ 0.5700 $ 37.25 1,061,026 937,028 123,998 January 29, 2015 February 6, 2015 February 13, 2015 $ 0.5700 $ 37.50 1,038,375 917,024 121,351 We had non-cash operating activities in the form of i-units distributed to us by the Partnership and corresponding non-cash financing activities in the form of share distributions to our shareholders in the amounts of $ 78.5 70.0 Alberta Clipper Drop Down to the Partnership On January 2, 2015, the Partnership completed a transaction, or the Drop Down, pursuant to which it acquired the remaining 66.7 18,114,975 306.0 38.31 five The Partnership recorded the issuance of the Class E units at a fair value of $ 767.7 364.0 403.7 364.0 46.2 27.3 zero As discussed above, the Partnership Agreement requires that such capital account deficits are cured by additional allocations from the capital accounts of the i-units and the General Partner on a pro-rata basis. Our pro-rata share of this curing was $ 29.4 17.3

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2015
INCOME TAXES [Abstract]
INCOME TAXES	3. INCOME TAXES Our long-term deferred income tax asset of $ 150.5 73.7 We computed our income tax expense for the three and six months ended June 30, 2015 by applying a 36.9 35.0 1.9 37.1 35.0 2.1 As a result of the Partnership's Drop Down and the issuance of Class E units, we recorded a $ 44.6

SUMMARIZED FINANCIAL INFORMATIO

SUMMARIZED FINANCIAL INFORMATION FOR ENBRIDGE ENERGY PARTNERS, L.P.	6 Months Ended
	Jun. 30, 2015
SUMMARIZED FINANCIAL INFORMATION FOR ENBRIDGE ENERGY PARTNERS, L.P. [Abstract]
SUMMARIZED FINANCIAL INFORMATION FOR ENBRIDGE ENERGY PARTNERS, L.P.	4. SUMMARIZED FINANCIAL INFORMATION FOR ENBRIDGE ENERGY PARTNERS, L.P. For the three months For the six months ended June 30, ended June 30, 2015 2014 2015 2014 (in millions) Operating revenue $ 1,313.1 $ 1,871.1 $ 2,741.7 $ 3,950.7 Operating expenses 1,322.7 1,690.2 2,511.7 3,555.1 Operating income (loss) $ (9.6 ) $ 180.9 $ 230.0 $ 395.6 Net income (loss) $ (60.5 ) $ 112.5 $ 157.3 $ 268.2 Less: Net income attributable to: Noncontrolling interest 10.0 42.4 61.3 78.7 Series 1 preferred unit distributions 22.5 22.5 45.0 45.0 Accretion of discount on Series 1 Preferred Units 4.1 3.7 8.0 7.3 Net income (loss) attributable to Enbridge Energy Partners, L.P. $ (97.1 ) $ 43.9 $ 43.0 $ 137.2 Less: Net income attributable to the General Partner 52.3 38.9 106.5 73.3 Net income (loss) attributable to common units and i-units (1) $ (149.4 ) $ 5.0 $ (63.5 ) $ 63.9 (1) The Partnership allocates its net income among the holders of Preferred Units, the General Partner and limited partners first using preferred unit distributions and then the two-class method in accordance with applicable authoritative accounting guidance. Under the two-class method, the Partnership allocates its net income, after noncontrolling interest and preferred unit distributions, to the General Partner and its limited partners, including us, according to the distribution formula for available cash as set forth in the Partnership Agreement. We owned approximately 14.7 19.8

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2015
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	5. SUBSEQUENT EVENTS Share Distribution On July 30, 2015 August 14, 2015 August 7, 2015 0.5830 10

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2015
SHAREHOLDERS' EQUITY [Abstract]
Schedule of Changes in Shareholders' Equity	For the six months ended June 30, 2015 2014 (in millions) Listed Shares: Beginning balance $ 1,358.0 $ 1,603.9 Net proceeds and issuance costs from share issuance — — Capital account adjustments (75.6 ) 1.0 Share distributions 78.5 70.0 Ending balance $ 1,360.9 $ 1,674.9 Accumulated deficit: Beginning balance $ (592.7 ) $ (475.8 ) Net income (loss) (47.3 ) 8.3 Share distributions (78.5 ) (70.0 ) Ending balance $ (718.5 ) $ (537.5 ) Accumulated other comprehensive loss: Beginning balance $ (23.7 ) $ (9.0 ) Equity in other comprehensive income of the Partnership (7.6 ) (16.7 ) Ending balance $ (31.3 ) $ (25.7 ) Total Shareholders' equity $ 611.1 $ 1,111.7
Schedule of Share Distribution	Distribution Average Listed Shares per Unit Closing Additional Shares Distributed Distribution Distribution of the Price of the i-units Distributed to General Declaration Date Record Date Payment Date Partnership Listed Shares Owned to Public Partner April 30, 2015 May 8, 2015 May 15, 2015 $ 0.5700 $ 37.25 1,061,026 937,028 123,998 January 29, 2015 February 6, 2015 February 13, 2015 $ 0.5700 $ 37.50 1,038,375 917,024 121,351

SUMMARIZED FINANCIAL INFORMAT14

SUMMARIZED FINANCIAL INFORMATION FOR ENBRIDGE ENERGY PARTNERS, L.P. (Tables)	6 Months Ended
	Jun. 30, 2015
SUMMARIZED FINANCIAL INFORMATION FOR ENBRIDGE ENERGY PARTNERS, L.P. [Abstract]
Schedule of Summarized Financial Information for Enbridge Energy Partners, L.P.	For the three months For the six months ended June 30, ended June 30, 2015 2014 2015 2014 (in millions) Operating revenue $ 1,313.1 $ 1,871.1 $ 2,741.7 $ 3,950.7 Operating expenses 1,322.7 1,690.2 2,511.7 3,555.1 Operating income (loss) $ (9.6 ) $ 180.9 $ 230.0 $ 395.6 Net income (loss) $ (60.5 ) $ 112.5 $ 157.3 $ 268.2 Less: Net income attributable to: Noncontrolling interest 10.0 42.4 61.3 78.7 Series 1 preferred unit distributions 22.5 22.5 45.0 45.0 Accretion of discount on Series 1 Preferred Units 4.1 3.7 8.0 7.3 Net income (loss) attributable to Enbridge Energy Partners, L.P. $ (97.1 ) $ 43.9 $ 43.0 $ 137.2 Less: Net income attributable to the General Partner 52.3 38.9 106.5 73.3 Net income (loss) attributable to common units and i-units (1) $ (149.4 ) $ 5.0 $ (63.5 ) $ 63.9 (1) The Partnership allocates its net income among the holders of Preferred Units, the General Partner and limited partners first using preferred unit distributions and then the two-class method in accordance with applicable authoritative accounting guidance. Under the two-class method, the Partnership allocates its net income, after noncontrolling interest and preferred unit distributions, to the General Partner and its limited partners, including us, according to the distribution formula for available cash as set forth in the Partnership Agreement.

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Preferred Unit distribution rate (as a percentage)		7.50%
Capital account adjustments, tax benefit			$ 44.6
Enbridge Energy Partners LP [Member] | Common Units (A and B) [Member]
Capital account adjustments, net of tax	$ 38.8	$ 39.1
Capital account adjustments, tax benefit	$ 22.9	$ 23.1
First Target Distribution [Member]
Minimum portion of quarterly distribution per unit (in dollars per share)		$ 0.5435
Percentage of incremental distributions (as a percentage)		23.00%

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Jan. 02, 2015	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Subsidiary or Equity Method Investee [Line Items]
Capital account adjustments, tax benefit				$ 44.6
Enbridge Energy Partners LP [Member] | Class E Units [Member]
Subsidiary or Equity Method Investee [Line Items]
Number of trading days	5 days
Notional value (in dollars per share)	$ 38.31
Enbridge Energy Partners LP [Member] | Alberta Clipper Pipeline [Member]
Subsidiary or Equity Method Investee [Line Items]
Interest acquired (as a percentage)	66.70%
Enbridge Energy Partners LP [Member] | Alberta Clipper Pipeline [Member] | Class E Units [Member]
Subsidiary or Equity Method Investee [Line Items]
Number of units transferred (in shares)	18,114,975
Fair value of equity transferred	$ 767.7
Difference between fair value of consideration and carrying value of noncontrolling interest	364
Carrying value of noncontrolling interest	403.7
Reduction in carrying value of common units	364
Enbridge Energy Partners LP [Member] | Common Units (A and B) [Member]
Subsidiary or Equity Method Investee [Line Items]
Capital account adjustments, net of tax		$ 38.8	$ 39.1
Capital account adjustments, tax benefit		$ 22.9	$ 23.1
Enbridge Energy Partners LP [Member] | Alberta Clipper Pipeline [Member]
Subsidiary or Equity Method Investee [Line Items]
Repayment of debt	306
Reduction in book basis from reallocation	46.2
Tax benefit of reallocation	27.3
Enbridge Energy Partners LP [Member] | Alberta Clipper Pipeline [Member] | Common Units (A and B) [Member]
Subsidiary or Equity Method Investee [Line Items]
Capital account adjustments, net of tax	29.4
Capital account adjustments, tax benefit	$ 17.3

SHAREHOLDERS' EQUITY (Schedule

SHAREHOLDERS' EQUITY (Schedule of Changes in Shareholders' Equity) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Beginning balance			$ 741.6
Net income (loss)	$ (58.1)	$ 1.1	(47.3)	$ 8.3
Equity in other comprehensive income of the partnership	12.5	(8.1)	(7.6)	(16.7)
Ending balance	611.1	1,111.7	611.1	1,111.7
Listed Shares [Member]
Beginning balance			$ 1,358	$ 1,603.9
Net proceeds and issuance costs from share issuance
Capital account adjustments			$ (75.6)	$ 1
Share distributions			78.5	70
Ending balance	1,360.9	1,674.9	1,360.9	1,674.9
Accumulated Deficit [Member]
Beginning balance			(592.7)	(475.8)
Net income (loss)			(47.3)	8.3
Share distributions			(78.5)	(70)
Ending balance	(718.5)	(537.5)	(718.5)	(537.5)
Accumulated Other Comprehensive Loss [Member]
Beginning balance			(23.7)	(9)
Equity in other comprehensive income of the partnership			(7.6)	(16.7)
Ending balance	$ (31.3)	$ (25.7)	$ (31.3)	$ (25.7)

SHAREHOLDERS' EQUITY (Schedul18

SHAREHOLDERS' EQUITY (Schedule of Share Distributions) (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 30, 2015	Feb. 13, 2015	Jun. 30, 2015	Jun. 30, 2014
Distributions [Line Items]
Non-cash financing activities			$ 78.5	$ 70
First Quarter Distribution [Member]
Distributions [Line Items]
Distribution Declaration Date			Jan. 29, 2015
Record Date			Feb. 6, 2015
Distribution Payment Date			Feb. 13, 2015
Distribution per Unit of the Partnership (in dollars per share)		$ 0.5700
Distributions (in shares)		1,038,375
First Quarter Distribution [Member] | Public [Member]
Distributions [Line Items]
Distributions (in shares)		917,024
First Quarter Distribution [Member] | General Partner of Enbridge Energy Partners LP [Member]
Distributions [Line Items]
Distributions (in shares)		121,351
First Quarter Distribution [Member] | Weighted Average [Member]
Distributions [Line Items]
Closing Price of the Listed Shares (in dollars per share)		$ 37.50
Second Quarter Distribution [Member]
Distributions [Line Items]
Distribution Declaration Date			Apr. 30, 2015
Record Date			May 8, 2015
Distribution Payment Date			May 15, 2015
Distribution per Unit of the Partnership (in dollars per share)	$ 0.5700
Distributions (in shares)	1,061,026
Second Quarter Distribution [Member] | Public [Member]
Distributions [Line Items]
Distributions (in shares)	937,028
Second Quarter Distribution [Member] | General Partner of Enbridge Energy Partners LP [Member]
Distributions [Line Items]
Distributions (in shares)	123,998
Second Quarter Distribution [Member] | Weighted Average [Member]
Distributions [Line Items]
Closing Price of the Listed Shares (in dollars per share)	$ 37.25

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
INCOME TAXES [Abstract]
Net deferred tax asset	$ 150.5		$ 73.7
Effective income tax rates we used in computing the income tax provisions:
Federal statutory income tax rate (as a percent)	35.00%	35.00%
State income tax rate (as a percent)	1.90%	2.10%
Effective income tax rate (as a percent)	36.90%	37.10%
Capital account adjustments, tax benefit			$ 44.6

SUMMARIZED FINANCIAL INFORMAT20

SUMMARIZED FINANCIAL INFORMATION FOR ENBRIDGE ENERGY PARTNERS, L.P. (Details) - Enbridge Energy Partners LP [Member] - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Operating revenue		$ 1,313.1	$ 1,871.1	$ 2,741.7	$ 3,950.7
Operating expenses		1,322.7	1,690.2	2,511.7	3,555.1
Operating income (loss)		(9.6)	180.9	230	395.6
Net income (loss)		(60.5)	112.5	157.3	268.2
Less: Net income attributable to noncontrolling interest		10	42.4	61.3	78.7
Less: Net income attributable to Series 1 preferred unit distributions		22.5	22.5	45	45
Less: Net income attributable to accretion of discount on Series 1 Preferred Units		4.1	3.7	8	7.3
Net income (loss) attributable to Enbridge Energy Partners, L.P.		(97.1)	43.9	43	137.2
Less: Net income attributable to the General Partner		52.3	38.9	106.5	73.3
Net income (loss) attributable to common units and i-units	[1]	$ (149.4)	$ 5	$ (63.5)	$ 63.9
Percentage of ownership in Partnership		14.70%	19.80%	14.70%	19.80%
[1]	The Partnership allocates its net income among the holders of Preferred Units, the General Partner and limited partners first using preferred unit distributions and then the two-class method in accordance with applicable authoritative accounting guidance. Under the two-class method, the Partnership allocates its net income, after noncontrolling interest and preferred unit distributions, to the General Partner and its limited partners, including us, according to the distribution formula for available cash as set forth in the Partnership Agreement.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] - $ / shares	Jul. 30, 2015	Jun. 30, 2015
Subsequent Event [Line Items]
Distribution Declaration Date		Jul. 30, 2015
Distribution Payment Date		Aug. 14, 2015
Record Date		Aug. 7, 2015
Distribution per Unit of the Partnership (in dollars per share)	$ 0.5830
Number of trading days	10 days