SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2012

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 14                      SUBSEQUENT EVENTS

On October 25, 2012, the board of directors of our General Partner declared the Partnership’s third quarter 2012 cash distribution in the amount of $0.78 per common unit payable on November 14, 2012 to unitholders of record as of November 5, 2012.

Great Lakes declared its third quarter 2012 distribution of $21 million on October 23, 2012, of which the Partnership will receive its 46.45 percent share or $10 million on November 1, 2012.

Northern Border declared its third quarter 2012 distribution of $49 million on October 23, 2012, of which the Partnership will receive its 50 percent share or $24 million on November 1, 2012.

GTN declared its third quarter 2012 distribution of $30 million on October 23, 2012, of which the Partnership will receive its 25 percent share or $8 million on November 1, 2012.

Bison declared its third quarter 2012 distribution of $16 million on October 23, 2012, of which the Partnership will receive its 25 percent share or $4 million on November 1, 2012.

On October 29, 2012, the Partnership made an equity contribution to Great Lakes of $5 million. This amount represents the Partnership’s 46.45 percent share of a $10 million cash call from Great Lakes to make a scheduled debt repayment.