18. SUBSEQUENT EVENTS

Distribution to Partners

On April 29, 2016, the board of directors of Enbridge Management declared a distribution payable to our partners on May 13, 2016. The distribution will be paid to unitholders of record as of May 6, 2016 of our available cash of $261.2 million at March 31, 2016, or $0.5830 per limited partner unit. Of this distribution, $216.0 million will be paid in cash, $44.3 million will be distributed in i-units to our i-unitholder, Enbridge Management, and due to the i-unit distribution, $0.9 million will be retained from our General Partner from amounts otherwise distributable to it in respect of its general partner interest and limited partner interest to maintain its 2% general partner interest.

Distribution to Series EA Interests

On April 29, 2016, the board of directors of Enbridge Management, acting on behalf of Enbridge Pipelines (Lakehead) L.L.C., the managing general partner of the OLP and a holder of the Series EA interests, declared a distribution payable to the holders of the Series EA general and limited partner interests. The OLP will pay the entire distribution of $79.0 million to us.

Distribution to Series ME Interests

On April 29, 2016, the board of directors of Enbridge Management, acting on behalf of Enbridge Pipelines (Lakehead) L.L.C., the managing general partner of the OLP and a holder of the Series ME interests, declared a distribution payable to the holders of the Series ME general and limited partner interests. The OLP will pay the entire distribution of $43.2 million to us.

Distribution from MEP

On April 28, 2016, the board of directors of Midcoast Holdings, L.L.C., the general partner of MEP, declared a cash distribution payable to their partners on May 13, 2016. The distribution will be paid to unitholders of record as of May 6, 2016, of MEP’s available cash of $16.5 million at March 31, 2016, or $0.3575 per limited partner unit. MEP will pay $7.6 million to their public Class A common unitholders, while $8.9 million in the aggregate will be paid to us with respect to our Class A common units, our subordinated units, and to Midcoast Holdings, L.L.C. with respect to its general partner interest.

Midcoast Operating Distribution

On April 28, 2016, the general partner of Midcoast Operating declared a cash distribution by Midcoast Operating payable to its partners of record as of May 6, 2016. Midcoast Operating will pay $22.9 million to us and $26.0 million to MEP.

During any quarter until the quarter ending December 31, 2017, if MEP’s quarterly declared distribution exceeds its distributable cash, as that term is defined in Midcoast Operating’s limited partnership agreement, we receive a decreased quarterly distribution from Midcoast Operating, and MEP receives a corresponding increase to its quarterly distribution in the amount that MEP’s declared distribution exceeds its distributable cash. Midcoast Operating’s adjustment of our distribution will be limited by our pro rata share of the Midcoast Operating quarterly cash distribution and a maximum of $0.005 per unit quarterly distribution increase by MEP. There is no requirement for MEP to compensate us for these adjusted distributions, except for settling our capital accounts with Midcoast Operating in a liquidation scenario. For the three months ended March 31, 2016, our quarterly distribution from Midcoast Operating was reduced by $0.8 million.