We have more than 500 employees at our headquarters in Houston and approximately 1,300 field employees—1,800 U.S. employees dedicated to the success of Enbridge Energy Partners.

NATURAL GAS PIPELINE AND PROCESSING FACILITY DEVELOPMENT DEMONSTRATES STRONG GROWTH.

We completed 90 percent of our “Clarity” intrastate natural gas pipeline project in 2007, which will add an incremental 700 million cubic feet per day (MMcf/d) of capacity to the East Texas System. The remainder of Clarity pipeline construction should be completed in the first quarter of 2008, and additional capacity to downstream interconnects will increase as compression is added through mid-2008. We expect volumes to increase to approximately 600 MMcf/d by the end of 2008.

The Partnership is well situated to continue its organic growth well into the future. The Barnett Shale, in which we have a solid and ever-expanding footprint, is one of the most significant onshore natural gas fields in North America and the largest in Texas. Our expansion efforts in 2007 in this area added strategic presence and allowed us to offer new competitive transportation and processing options to our customers. The Granite Wash and Deep Bossier Sands production areas also continue to grow, and the Partnership is strategically positioned to take advantage of growth in those regions through our Anadarko and East Texas Systems. In 2007, we completed construction of five processing facilities and one treating plant, adding 550 MMcf/d of hydrocarbon conditioning capacity, 195 MMcf/d of processing capacity and 200 MMcf/d of treating capacity. Natural gas straight from the wellhead needs to be processed before it is a useful commodity and to meet pipeline quality specifications. These processing and treating plants allow us to offer valuable services to our customers while contributing to the bottom line.

OUR COMMITMENT TO SAFETY, THE ENVIRONMENT AND PEOPLE REMAINS STRONG.

Enbridge is committed to protecting the safety of all individuals affected by our activities. This includes our employees and their families as well as our contractors and the public. We are also committed to conducting our business in a way that is environmentally responsible. For the second time in three years, Enbridge Energy Partners, L.P. was selected as the Natural Gas STAR Processing Partner of the Year. The Natural Gas STAR Program is a voluntary partnership between the U.S. Environmental Protection Agency (EPA) and the oil and gas industry.

2008 AND BEYOND—OUR STRATEGIC PRIORITIES ARE ENDURING.

We emerge from 2007 with our core values of integrity, accountability, innovation and flexibility, value creation and social responsibility reaffirmed. Our financial framework is robust and the fundamentals of the company—our assets, strategy and people—are sound. We are also very fortunate to have a strong, supportive general partner in Enbridge. As we continue our growth plans for 2008 and beyond—and develop projects with Enbridge that are complementary to our assets—we will work relentlessly and transparently to provide safe, reliable and environmentally responsible energy transportation options.

	Stephen J. J. Letwin Managing Director Enbridge Energy Company, Inc. February 21, 2008		Terrance L. McGill President Enbridge Energy Company, Inc. February 21, 2008