Enbridge Energy Partners: High Yields with Good Growth Prospects

I have been positive on several Master Limited Partnership's for months
and have held two in my Permanent Portfolio for a long time.<!--more--> One of the
best of breed in my view is Enbridge Energy Partners, LP (EEP) which was
formed in 1991 to own and operate the Lakehead system, which is the
U.S. portion of a crude and liquid petroleum pipeline system extending
from western Canada through the upper and lower Great Lakes region of
the U.S. to eastern Canada as well as encompassing the Gulf Coast.

Much
of EEP's product comes from western Canada, increasingly from the
Alberta region. EEP provides services to its customers and returns for
its unit holders primarily through interstate pipeline transportation
and storage of crude oil and liquid petroleum, gathering, treating,
processing and transportation of natural gas and NGLs through pipelines
and related facilities and providing supply, transportation and sales
service, including purchasing and selling of natural gas and NGLs.
Headquartered in Houston,the Master Limited Partnership has
approximately 78,000 unit holders not including a substantial stake
held by Enbridge Management LLC.