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EEP > SEC Filings for EEP > Form 8-K on 20-Mar-2013All Recent SEC Filings

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Form 8-K for ENBRIDGE ENERGY PARTNERS LP


20-Mar-2013

Other Events


Item 8.01. Other Events.

As previously disclosed, on March 14, 2013, Enbridge Energy, Limited Partnership, a wholly-owned subsidiary of Enbridge Energy Partners, L.P. ("we," "our" or the "Partnership"), received a letter from the U.S. Environmental Protection Agency ("EPA") with its final order requiring additional containment and active recovery of submerged oil relating to the July 2010 Line 6B crude oil release in Michigan. This final order ("Order") is further to the EPA's proposed order dated October 3, 2012.

The Partnership estimates that it will incur additional costs of approximately $175 million for the additional work required by the Order. The foregoing estimate is based on currently available information. This estimate is an increase to the total estimated costs of $820 million related to the Line 6B crude oil release that was previously disclosed and excludes any additional fines and penalties. The actual costs incurred may differ from the foregoing estimate as we discuss our work plan with the EPA and work with other regulatory agencies to assure that our work plan complies with their requirements. Any such incremental costs will not be recovered under our insurance policies as our expected costs for the incident will exceed the limits of our insurance coverage.

As previously disclosed, financial statement recognition for this incident will cause increased volatility in the Partnership's results of operations and cash flows.


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