SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2015

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 14SUBSEQUENT EVENTS

Management of the Partnership has reviewed subsequent events through August 7, 2015, the date the financial statements were issued, and concluded there were no events or transactions during this period that would require recognition or disclosure in the consolidated financial statements other than what is disclosed here and/or those already disclosed in the preceding notes.

On July 23, 2015, the board of directors of our General Partner declared the Partnership’s second quarter 2015 cash distribution in the amount of $0.89 per common unit payable on August 14, 2015 to unitholders of record as of August 4, 2015.

Northern Border declared its second quarter 2015 distribution of $42 million on July 22, 2015, of which the Partnership will receive its 50 percent share or $21 million on August 3, 2015.

Great Lakes declared its second quarter 2015 distribution of $7 million on July 22, 2015, of which the Partnership will receive its 46.45 percent share or $3 million on August 3, 2015.