Profile: Enbridge Energy Management LLC (EEQ)

Enbridge Energy Management, L.L.C. (Enbridge Management) is a limited partner in Enbridge Energy Partners, L.P. (the Partnership) through ownership of i-units, a special class of the Partnership's limited partner interests. The Company manages the Partnership's business and affairs under a delegation of control agreement, the Partnership and its general partner, Enbridge Energy Company, Inc. (the General Partner). The General Partner is an indirect, wholly owned subsidiary of Enbridge Inc., an energy company located in Calgary, Alberta, Canada. As of December 31, 2008 Enbridge Management owned an approximate 12.7% and 14.7% limited partnership interest of the Partnership, respectively. At December 31, 2008, the General Partner owned 100% voting shares, as well as 17.2% Listed Shares, while the remaining 82.8% Listed Shares were held by the public.

The General Partner remains responsible to the Partnership for actions taken or omitted by the Company, while serving as the delegate of the General Partner as if the General Partner had taken or omitted to take such actions. The General Partner owns all of the Company’s voting shares. The General Partner has agreed not to voluntarily withdraw as general partner of the Partnership and has agreed not to transfer its interest as general partner of the Partnership unless the transferee agrees in writing to be bound by the terms and conditions of the delegation of control agreement that apply to the General Partner.

Under its partnership agreement, except for the available cash that the Partnership is required to retain in respect of the i-units and Class C units, the Partnership distributes all of its available cash to its general partner and holders of its common units on a quarterly basis. Enbridge Management does not anticipate that it will have material amounts of taxable income resulting from its ownership of the i-units unless it enters into a sale or exchange of the i-units, or the Partnership is liquidated as it is subject to federal income tax on its taxable income.

The Partnership recognizes the delegation of rights and powers to the Company. In addition, the Partnership reimburses the Company for expenses to the same extent as it does with respect to the General Partner under the Partnership’s partnership agreement and reimburses for any Texas franchise taxes and any other foreign, state and local taxes not otherwise paid or reimbursed pursuant to a tax indemnification agreement between Enbridge and the Company. The General partner is the sole partner of the Partnership. The General partner is the sole partner of the Partnership.