-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JdHQESN6qoTt7HTQthM4Q0ut24otDrMtubEdgD4W978+5lwMHhczWU0ojb1aMHp1 hbfsBVHmItVOjtcVqnPZkA== 0000950129-04-009128.txt : 20041118 0000950129-04-009128.hdr.sgml : 20041118 20041117184021 ACCESSION NUMBER: 0000950129-04-009128 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041117 ITEM INFORMATION: Changes in Control of Registrant ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041118 DATE AS OF CHANGE: 20041117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN BORDER PARTNERS LP CENTRAL INDEX KEY: 0000909281 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 931120873 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12202 FILM NUMBER: 041153353 BUSINESS ADDRESS: STREET 1: 13710 FIRST NATIONAL BANK STREET 2: PARKWAY CITY: OMAHA STATE: NE ZIP: 68154-5200 BUSINESS PHONE: 4024927300 MAIL ADDRESS: STREET 1: 13710 FIRST NATIONAL BANK STREET 2: PARKWAY CITY: OMAHA STATE: NE ZIP: 68154-5200 8-K 1 h20370e8vk.txt NORTHERN BORDER PARTNERS, L.P. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): NOVEMBER 17, 2004 NORTHERN BORDER PARTNERS, L.P. (Exact name of registrant as specified in its charter) DELAWARE 1-12202 93-1120873 (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification No.) 13710 FNB PARKWAY OMAHA, NEBRASKA 68154-5200 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (402) 492-7300 ------------------------------------- (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT As previously announced, Enron Corp. agreed to sell CrossCountry Energy, LLC ("CrossCountry Energy") to CCE Holdings, LLC ("CCE Holdings"), a joint venture between Southern Union Company and GE Commercial Finance Energy Financial. On September 16, 2004, Southern Union Company and ONEOK, Inc. each announced that ONEOK had entered into an agreement to purchase Northern Plains Natural Gas Company, Pan Border Gas Company, and NBP Services Corporation (collectively the "Transfer Group Companies") from CCE Holdings for $175 million. On November 17, 2004, Northern Border Partners, L.P. announced that it had been informed by ONEOK that it had completed the purchase of the Transfer Group Companies. ONEOK financed the acquisition through available cash and short-term credit facilities. With the purchase, ONEOK, through our general partners, Northern Plains Natural Gas Company, LLC and Pan Border Gas Company, LLC, will hold an aggregate 1.65% general partner interest of a total 2% general partner interest and 500,000 units representing limited partner interests in Northern Border Partners. ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS The partnership agreements for Northern Border Partners and Northern Border Intermediate Limited Partnership, collectively "the Partnership", provide that the policy committees of the Partnership shall consist of three members, one of whom shall be appointed by each of our general partners. Effective with the purchase of CrossCountry Energy by CCE Holdings on November 17, 2004, Stanley C. Horton resigned as a member of the Policy Committee of the Partnership and as a member of the Management Committee of Northern Border Pipeline Company. Effective with the purchase of the Transfer Companies on November 17, 2004, David L. Kyle has been appointed by Northern Plains Natural Gas Company as its member and the Chairman of the Policy Committee of the Partnership. Mr. Kyle has also been appointed by Pan Border Gas Company as its member to the Management Committee of Northern Border Pipeline Company. William R. Cordes, the former Chairman of the Policy Committee, remains as a member of the Policy Committee of the Partnership appointed by Pan Border Gas Company. Mr. Cordes and Mr. Jerry L. Peters remain as our Chief Executive Officer and Chief Accounting and Financial Officer, respectively. In addition, Mr. Cordes will remain as the Chairman of the Management Committee of Northern Border Pipeline Company. Besides Chairman of the Policy Committee of Northern Border Partners, Mr. Kyle, 52, is the Chairman of the Board, President, and Chief Executive Officer of ONEOK, Inc. He was employed by Oklahoma Natural Gas Company in 1974 as an engineer trainee. He served in a number of positions prior to being elected Vice President of Gas Supply September 1, 1986, and Executive Vice President May 17, 1990 of Oklahoma Natural Gas Company. He was elected President of Oklahoma Natural Gas Company on September 1, 1994. He was elected President of ONEOK, Inc. effective September 1, 1997, and was elected Chairman of the Board and appointed the Chief Executive Officer of ONEOK, Inc. August 28, 2000. Mr. Kyle is a member of the boards of directors of Bank of Oklahoma Financial Corporation and Blue Cross and Blue Shield of Oklahoma. A subsidiary of ONEOK, is a shipper on Northern Border Pipeline. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. 99.1 Northern Border Partners, L.P. press release dated November 17, 2004. 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 hereunto duly authorized. NORTHERN BORDER PARTNERS, L.P. Date: November 17, 2004 By: /s/ Jerry L. Peters ------------------------------- Name: Jerry L. Peters Title: Chief Financial and Accounting Officer EXHIBIT INDEX Exhibit 99.1 -- Northern Border Partners, L.P. Press Release dated November 17, 2004. EX-99.1 2 h20370exv99w1.txt PRESS RELEASE DATED NOVEMBER 17, 2004 EXHIBIT 99.1 (NORTHERN BORDER PARTNERS, L.P. LOGO) News 13710 FNB Parkway Release Omaha, NE 68154-5200 For Further Information Contact: Media Contact: Martha Sumner-Kenney (402) 492-3401 Investor Contacts: Ellen Konsdorf Lisa Couillard (877) 208-7318 NORTHERN BORDER PARTNERS, L.P. ANNOUNCES SALE OF GENERAL PARTNER INTERESTS FOR IMMEDIATE RELEASE: WEDNESDAY, NOVEMBER 17, 2004 OMAHA - Northern Border Partners, L.P. (NYSE - NBP) announced that today ONEOK, Inc. closed its purchase of Northern Plains Natural Gas Company, LLC from CCE Holdings, LLC. Northern Plains, together with its wholly-owned subsidiary Pan Border Gas Company, LLC owns 82.5 percent of the general partner interest and 500,000 common units of Northern Border Partners. The remaining 17.5 percent of the Northern Border general partnership interest is owned by Northwest Border Pipeline Company, a subsidiary of TransCanada Corporation. Also included in ONEOK's purchase is NBP Services, LLC, which provides administrative and operating services to Northern Border Partners. As previously announced, Enron Corp. agreed to sell Northern Plains, a subsidiary of CrossCountry Energy, LLC to CCE Holdings, a joint venture between Southern Union Company and GE Commercial Finance Energy Financial Services. On September 16, 2004, Southern Union Company and ONEOK each announced that ONEOK had entered into an agreement to purchase Northern Plains, Pan Border, and NBP Services from CCE Holdings for $175 million. Effective with the purchase of Northern Plains by ONEOK, David L. Kyle, chairman of the board, president, and chief executive officer of ONEOK, has been appointed by Northern Plains as its member and chairman of the Policy Committee of Northern Border Partners. William R. Cordes, the former chairman of the Policy Committee, remains as a member of the Policy Committee. Mr. Cordes remains as Northern Border's chief executive officer and Mr. Jerry L. Peters remains as Northern Border's chief accounting and financial officer. "We are very pleased to start our new relationship with ONEOK as a general partner and look forward to working with ONEOK and TransCanada to grow the partnership and continue to provide quality service to our customers," said Bill Cordes, chief executive officer, Northern Border Partners, L.P. ONEOK, Inc. is a diversified energy company involved primarily in oil and gas production, natural gas processing, gathering, storage and transmission primarily in the mid-continent areas of the United States. The company's energy services operations provide service to customers in most states. The company is the largest natural gas distributor in Kansas and Oklahoma, and the third largest in Texas, operating as Kansas Gas Service, Oklahoma Natural Gas and Texas Gas Service, serving almost 2 million customers. More information can be found at http://www.oneok.com. Northern Border Partners, L.P. is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The Partnership owns and manages natural gas pipelines and is engaged in the gathering and processing of natural gas. More information may be found at http://www.northernborderpartners.com. -----END PRIVACY-ENHANCED MESSAGE-----