| Business Summary | | Lakehead
Pipe
Line
Partners,
L.P.
is
a
publicly
traded
limited
partnership,
which
owns
a
99%
limited
partner
interest
in
Lakehead
Pipe
Line
Company,
Limited
Partnership,
also
a
limited
partnership.
The
Partnership
and
Enbridge
Pipelines
Inc.
transport
crude
oil
and
other
liquid
hydrocarbons
for
others
through
the
world's
longest
liquid
petroleum
pipeline
system
(System).
The
System
is
the
primary
transporter
of
crude
oil
from
western
Canada
to
the
United
States
and
is
the
only
pipeline
that
transports
crude
oil
from
western
Canada
to
the
province
of
Ontario,
Canada.
The
System
serves
all
the
major
refining
centers
in
the
Great
Lakes
region
of
the
United
States,
as
well
as
Ontario
and
the
Patoka/Wood
River
pipeline
hub
and
refining
center
in
southern
Illinois.
The
Partnership
owns
the
U.S.
portion
of
the
System
while
Enbridge
Pipelines
owns
the
Canadian
portion. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lakehead
Pipe
Line
Partners,
L.P.
is
a
limited
partnership
that
acquires,
owns
and
operates
the
crude
oil
and
natural
gas
liquid
pipeline
business
of
Lakehead
Pipe
Line
Company,
Inc.
For
the
six
months
ended
6/30/01,
revenues
fell
3%
to
$153
million.
Net
income
applicable
to
Limited
Partners
fell
46%
to
$17.3
million.
Revenues
reflect
a
reduction
in
average
barrels
delivered.
Earnings
also
reflect
increased
administrative
expenses
and
higher
interest
expense. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Dan Tutcher, 52 | Pres | Greg Sevick, 45 | VP-Operations | L. DeBriyn, 54 | VP,
Special Projects | J. Whelen, 41 | Treasurer | Mark Maki, 36 | Controller |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|