8-K 1 h07409e8vk.txt NORTHERN BORDER PARTNERS, L.P.- JULY 11, 2003 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Act of 1934 Date of Report (Date of earliest event reported): JULY 11, 2003 NORTHERN BORDER PARTNERS, L.P. (Exact name of registrant as specified in its charter) DELAWARE 1-12202 93-1120873 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 13710 FNB PARKWAY 68154-5200 OMAHA, NEBRASKA (Zip Code) (Address of principal executive offices) (402) 492-7300 (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS Northern Plains Natural Gas Company ("Northern Plains") and Pan Border Gas Company ("Pan Border"), subsidiaries of Enron Corp. ("Enron"), are two of the general partners of Northern Border Partners, L.P. Also, NBP Services Corporation ("NBP Services"), a subsidiary of Enron, provides administrative and operating services to Northern Border Partners, L.P. and its subsidiaries. On June 25, 2003, Enron announced the organization of CrossCountry Energy Corp., a newly formed holding company that will hold, among other things, Enron's ownership interests in Northern Plains, Pan Border and NBP Services. Enron also announced it had filed a motion with the U.S. Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") to approve the proposed transfer of those ownership interests to CrossCountry Energy Corp. On July 11, 2003, Enron announced that Enron and its debtor-in-possession subsidiaries (collectively with Enron, the "Debtors") filed their proposed joint plan of reorganization (the "Plan") and related disclosure statement (the "Disclosure Statement") with the Bankruptcy Court. The Plan and Disclosure Statement also are currently available at Enron's website located at http://www.enron.com/corp/por/, the Bankruptcy Court's website located at http://www.nysb.uscourts.gov and at the website maintained at the direction of the Bankruptcy Court at www.elaw4enron.com. Under the Plan, it is anticipated that, if CrossCountry Energy Corp. is not sold to a third party, as permitted by the Plan, shares of CrossCountry Energy Corp. would be distributed directly or indirectly to creditors of the Debtors. At this time, we are unable to predict the outcome of the Bankruptcy Court's ruling on Enron's motion or whether Enron's Plan will be approved. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Northern Border Partners, L.P. (A Delaware Limited Partnership) Dated: July 11, 2003 By: /s/ Jerry L. Peters -------------------------------------- Jerry L. Peters Chief Financial & Accounting Officer