Mr. Mark Maki reports

ENBRIDGE ENERGY PARTNERS REPORTS 2011 RESULTS OF OPERATIONS

Enbridge Inc.'s Enbridge Energy Partners, L.P. has released its results for the fourth quarter and full year 2011.

"We made solid progress on our crude oil, natural gas liquids and natural gas growth strategies during the year. We increased our distribution to $2.13 per unit (annualized), or approximately 3.6 per cent over the prior year and in line with our 2-to 5-per-cent annual growth target," said Mark Maki, president of the partnership.

"We have a robust organic growth program in both our liquids and natural gas businesses. The partnership's Lakehead system is ideally positioned to benefit from Enbridge Inc.'s liquids market access initiatives, namely the U.S. Gulf Coast and Eastern extension. These projects are being driven by the strong outlook for Canadian oil sands and Bakken crude oil production, which will increase utilization of our crude oil mainline system. Expansion of our North Dakota system to meet the needs of our Bakken customers remains a focus. In our natural gas business, we brought the Allison plant into service during the fourth quarter and began construction of the Ajax plant, both of which are strategically located in the liquids-rich Granite Wash region. The future of the partnership remains very bright as these organic growth opportunities will be accretive and contribute toward achieving our distribution growth targets," added Mr. Maki.

                         STATEMENT OF EARNINGS
            (in millions of dollars, excep per share amounts)

                                  Three months ended
                                             Dec. 31,  Year ended Dec. 31,
                                    2011       2010       2011       2010

Operating revenue               $2,076.7   $2,168.2   $9,109.8   $7,736.1
                                --------   --------   --------   --------
Operating expenses
Cost of natural gas              1,603.9    1,713.1    7,100.1    5,963.3
Environmental costs, net of
recoveries                        (158.1)     119.8     (113.3)     600.8
Oil measurement adjustments         (1.9)       5.8      (63.4)       5.6
Operating and administrative       189.0      165.3      705.0      576.5
Power                               37.6       35.6      144.8      141.1
Depreciation and amortization       82.9       86.0      339.8      311.2
Impairment charge                      -          -          -       10.3
                                --------   --------   --------   --------
Operating income                   323.3       42.6      996.8      127.3
Interest expense                    84.0       75.8      320.6      274.8
Other income                         0.5        1.4        6.5       17.5
                                --------   --------   --------   --------
Income (loss) before income tax
expense                            239.8      (31.8)     682.7     (130.0)
Income tax expense                   0.2        0.4        5.5        7.9
                                --------   --------   --------   --------
Net income (loss)                  239.6      (32.2)     677.2     (137.9)
Less: net income attributable to
non-controlling interest            12.2       15.3       53.2       60.6
                                --------   --------   --------   --------
Net income (loss) attributable
to general and limited partner
ownership interests in Enbridge
Energy Partners, L.P.              227.4      (47.5)     624.0     (198.5)
Less: allocations to general
partner                             52.4       16.9      103.5       61.6
                                --------   --------   --------   --------
Net income (loss) allocable to
limited partners                $  175.0   $  (64.4)  $  520.5   $ (260.1)
                                ========   ========   ========   ========
Net income (loss) per limited
partner unit (dollars) (1)          0.64      (0.26)      1.99      (1.09)

(1) Adjusted for the 2-for-1 unit split issued April 21, 2011.

Liquids

For the three-month period ended Dec. 31, 2011, adjusted operating income for the liquids segment increased to $161.5-million from $128.9-million for the comparable period in 2010. The adjusted operating income for the three-month period ended Dec. 31, 2011, was affected primarily by both an increased transportation rate on the partnership's Lakehead system and higher average daily volumes delivered on all of its major liquids systems. The indexed transportation rates, which became effective in July, 2011, increased by 6.9 per cent in connection with the annual index rate ceiling adjustment.

The increases in average daily volumes on all of the partnership's major liquids systems were primarily the result of improved market fundamentals and continued supply growth from the respective producing basins where the partnership's assets are strategically positioned.

Offsetting the improved adjusted operating income for the partnership's liquids segment were increased power costs that are associated with the greater throughput and higher depreciation expense resulting from its expanded pipeline systems.

Natural gas

Quarterly adjusted operating income for the natural gas segment was $51.4-million for the three-month period ended Dec. 31, 2011, an increase of $2.3-million from the $49.1-million for the same period in 2010. Adjusted operating income from its Anadarko system was slightly higher than the comparable period of 2010 as the system benefited from overall production growth in the Granite Wash region, partially offset by contractual payments to producers for unprocessed natural gas. Its East Texas system benefited from new assets placed in service, and its North Texas system was affected by lower natural gas volumes over the same period in the prior year.

Marketing

The marketing segment reported an adjusted operating loss of $1.2-million for the three-month period ended Dec. 31, 2011, a decrease of $3.3-million from the $2.1-million of adjusted operating income for the same period of 2010. The decrease is attributable to narrower natural gas price differentials between market centres.

Partnership financing

In December, 2011, the partnership closed an underwritten public offering and sale of 9,775,000 of its Class A common units, including an overallotment option, at a sales price to the public of $30.85. The partnership received proceeds, net of underwriting commissions and offering costs, of approximately $298.1-million, which were used to finance a portion of its capital expansion projects and for general partnership purposes.

In November, 2011, Enbridge Energy Management, L.L.C. completed a private placement of 860,684 listed shares, representing limited liability company interests in Enbridge Energy Management with limited voting rights, at a price of $29.86 per listed share. Enbridge Energy Management received proceeds of $25.5-million which were subsequently invested in an equal number of its i-units. It used the proceeds to finance a portion of its capital expansion projects and for general corporate purposes.

Management review of quarterly results

Enbridge Partners will review its fourth quarter and full year 2011 financial results in an Internet presentation, commencing at 9 a.m. ET on March 15, 2012. Interested parties may watch the live webcast at the link provided below. A replay will be available shortly afterward. Presentation slides will also be available at the link below.

EEP earnings release: go to company's website

The audio portion of the presentation will be accessible by telephone at 866-831-6267 (passcode 16151148) and can be replayed until May 31, 2012, by calling 888-286-8010 (passcode 23965141). An audio replay will also be available for download in MP3 format from either of the website addresses above.

We seek Safe Harbor.