Enbridge Energy Partners LP to cut jobs – Houston Business Journal

Houston-based Enbridge Energy Partners LP (NYSE: EEP) is the latest energy company to announce budgetary cuts due to dropping oil prices.In an effort to cut costs, Enbridge Energy Partners has cut jobs in its domestic gas pipelines and processing business unit, according to the Houston Chronicle. Less than 100 jobs were cut. The company’s adjusted operating income dropped $20 million in the third quarter over last year due to reduced volumes of natural gas running through its pipelines as companies are slowly scaling back production.

via Enbridge Energy Partners LP to cut jobs – Houston Business Journal.

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