SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2012

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 14                      SUBSEQUENT EVENTS

On July 24, 2012, the board of directors of our General Partner declared the Partnership’s second quarter 2012 cash distribution in the amount of $0.78 per common unit payable on August 14, 2012 to unitholders of record as of August 3, 2012.

Great Lakes declared its second quarter 2012 distribution of $23 million on July 20, 2012, of which the Partnership will receive its 46.45 percent share or $11 million on August 1, 2012.

Northern Border declared its second quarter 2012 distribution of $40 million on July 20, 2012, of which the Partnership will receive its 50 percent share or $20 million on August 1, 2012.

GTN declared its second quarter 2012 distribution of $29 million on July 20, 2012, of which the Partnership will receive its 25 percent share or $7 million on August 1, 2012.

Bison declared its second quarter 2012 distribution of $16 million on July 20, 2012, of which the Partnership will receive its 25 percent share or $4 million on August 1, 2012.