SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2011

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 15                      SUBSEQUENT EVENTS

On October 19, 2011, the board of directors of our General Partner declared the Partnership’s third quarter 2011 cash distribution in the amount of $0.77 per common unit, payable on November 14, 2011 to unitholders of record as of October 31, 2011.

On October 28, 2011, the Partnership made an equity contribution to Great Lakes of $4.6 million. This amount represents the Partnership’s 46.45 percent share of a $10.0 million cash call from Great Lakes in order for it to make a scheduled debt repayment.

Great Lakes declared and paid its third quarter distribution of $35.3 million on November 1, 2011, of which the Partnership received its 46.45 percent share or $16.4 million.

Northern Border declared and paid its third quarter distribution of $51.9 million on November 1, 2011, of which the Partnership received its 50.0 percent share or $26.0 million.