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Enbridge Energy Partners, L.P. Message Board

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  • ZLENNYY2 ZLENNYY2 Feb 7, 2006 11:23 PM Flag


    Depriciation is a NON-cash expense which is subtracted from revenues to get profit. On a cash basis as in cash flow it is not subtracted so it is there to pay the high dividend. And since the pipeline does not physically depreciate at the rate of accouting deprecation the payout continues for a long time.

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