Edgar Filing: ENBRIDGE ENERGY MANAGEMENT L L C

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934

ENBRIDGE ENERGY MANAGEMENT, L.L.C.
(Name of Issuer)

LIMITED VOTING SHARES REPRESENTING
LIMITED LIABILITY COMPANY INTERESTS
(Title of Class of Securities)

29250X 10 3
(CUISP Number)

BLAINE MELNYK, ESQ.
ENBRIDGE INC.
3000 FIFTH AVENUE PLACE
425 - 1ST STREET S.W.
CALGARY, ALBERTA T2P 3L8
CANADA
(403) 231-3900
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

OCTOBER 17, 2002
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this Schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-l(g), check the following box: [ ]

NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. Seess.240.13d-7 for
other parties to whom copies are to be sent.

The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act.

SCHEDULE 13D

CUSIP NO.: 29250X 10 3
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS

Enbridge Energy Company, Inc.

I.R.S. Identification No. of above person (entities only).
39-0792581

--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) [_]
(b) [_]

--------------------------------------------------------------------------------
3 SEC USE ONLY

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) ______

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

--------------------------------------------------------------------------------
7 SOLE VOTING POWER

1,550,000*
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 1,550,000*
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER

0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,550,000*

--------------------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ______

--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)

17.2%

--------------------------------------------------------------------------------
14 Type Of Reporting Person

*Enbridge Energy Company, Inc. ("EECI") also holds one voting limited
liability company interest of Enbridge Energy Management, L.L.C. ("EEM"),
constituting 100% of such class of securities.

SCHEDULE 13D

CUSIP NO.: 29250X 10 3
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS

Enbridge Pipelines Inc.

I.R.S. Identification No. of above person (entities only).
Not applicable.

--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) [_]
(b) [_]

--------------------------------------------------------------------------------
3 SEC USE ONLY

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) ______

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Canada

--------------------------------------------------------------------------------
7 SOLE VOTING POWER

*
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH *
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER

0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

--------------------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ______

--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)

--------------------------------------------------------------------------------
14 Type Of Reporting Person

*EECI is wholly owned by Enbridge Pipelines Inc. ("EPI"). Therefore, EPI may
be deemed to be the beneficial owner of the 1,550,000 limited voting shares
representing limited liability company interests of EEM that are owned by
EECI. Thus, EECI is filing this Schedule 13D jointly with EECI.

SCHEDULE 13D

CUSIP NO.: 29250X 10 3
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS

IPL System Inc.

I.R.S. Identification No. of above person (entities only).
Not applicable.

--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) [_]
(b) [_]

--------------------------------------------------------------------------------
3 SEC USE ONLY

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) ______

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Alberta

--------------------------------------------------------------------------------
7 SOLE VOTING POWER

0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

--------------------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ______

--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)

--------------------------------------------------------------------------------
14 Type Of Reporting Person

*EECI is indirectly wholly owned by IPL System Inc. ("IPL"). Therefore, IPL
may be deemed to be the beneficial owner of the 1,550,000 limited voting
shares representing limited liability company interests of EEM that are owned
by EECI. Thus, IPL is filing this Schedule 13D jointly with EECI.

SCHEDULE 13D

CUSIP NO.: 29250X 10 3
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS

Enbridge Inc.

I.R.S. Identification No. of above person (entities only).
98-0377957

--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) [_]
(b) [_]

--------------------------------------------------------------------------------
3 SEC USE ONLY

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) ______

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Canada

--------------------------------------------------------------------------------
7 SOLE VOTING POWER

0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

--------------------------------------------------------------------------------
12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) ______

--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)

--------------------------------------------------------------------------------
14 Type Of Reporting Person

*EECI is indirectly wholly owned by Enbridge Inc. Therefore, Enbridge Inc.
may be deemed to be the beneficial owner of the 1,550,000 limited voting
shares representing limited liability company interests of EEM that are
owned by EECI. Thus, Enbridge Inc. is filing this Schedule 13D jointly with
EECI.

ITEM 1. SECURITY AND ISSUER

This statement on Schedule 13D relates to the limited voting shares
representing limited liability company interests (the "Shares") of Enbridge
Energy Management, L.L.C., a Delaware limited liability company ("EEM"), whose
principal executive offices are located at 1100 Louisiana, Suite 3300, Houston,
Texas 77002.

ITEM 2. IDENTITY AND BACKGROUND

This statement is filed jointly pursuant to Rule 13d-1(k)(1) by
Enbridge Inc., a Canadian corporation, IPL System Inc., an Alberta
corporation ("IPL"), Enbridge Pipelines Inc., a Canadian corporation ("EPI"),
and Enbridge Energy Company, Inc., a Delaware corporation ("EECI", and,
together with Enbridge Inc., IPL and EPI, the "Reporting Persons") pursuant
to a joint filing statement, which is attached to this Schedule 13D as
Exhibit A.

Enbridge Inc. is an energy transportation, distribution and related
services provider. Its principal business units are: (1) the Enbridge
pipeline system, which is the Canadian portion of a crude oil and liquid
petroleum pipeline system extending from western Canada through the upper and
lower Great Lakes region of the United States to eastern Canada and (2)
Enbridge Gas Distribution, Canada's largest natural gas local distribution
company based on number of customers. IPL is a holding company and a
wholly-owned subsidiary of Enbridge Inc. EPI is a liquid hydrocarbon pipeline
transportation provider and a wholly-owned subsidiary of IPL. EECI is a
wholly-owned subsidiary of IPL and holds the general partner interest in
Enbridge Energy Partners, L.P. ("EEP"), a publicly-traded limited partnership
whose operations include crude oil and liquid petroleum gathering and
transportation and natural gas gathering, treating, processing and
transmission. The address of the principal business and principal office of
Enbridge Inc., IPL and EPI is 3000 Fifth Avenue Place, 425-1st Street S.W.,
Calgary, Alberta T2P 3L8, Canada. The address of the principal business and
principal office of EECI is 1100 Louisiana Street, Suite 3300, Houston, Texas
77002.

Information relating to the directors and executive officers of the
Reporting Persons is contained in Exhibit B attached hereto and is incorporated
herein by reference.

None of the Reporting Persons nor, to the undersigned's knowledge, any
person listed on Exhibit B hereto, during the last five years (a) has been
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors) or (b) has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, United States
federal or state securities laws or finding any violations with respect to such
laws.

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

EECI paid $60,450,000 from working capital to purchase the Shares
reported pursuant hereto.

ITEM 4. PURPOSE OF THE TRANSACTION

EECI acquired the Shares reported pursuant hereto for investment
purposes. EECI and/or the Reporting Persons may acquire additional Shares, or
dispose of some or all of such Shares, from time to time, depending upon
price, market conditions and other factors.

None of the Reporting Persons has any plan or proposal which relates to or
which would result in:

(a) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving EEM;

(b) The sale or transfer of a material amount of assets of EEM;

(c) Any change in the present board of directors or management of EEM,
including any plans or proposals to change the number or terms of
directors or to fill any existing vacancies on the board;

(d) Any material change in the present capitalization or dividend policy
of EEM;

(e) Any other material change in EEM's business or corporate structure;

(f) Changes in EEM's organizational agreements or other actions which
may impede the acquisition or control of EEM by any person;

(g) Causing a class of securities of EEM to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an
interdealer quotation system of a registered national securities
association;

(h) A class of equity securities of EEM becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act;
or

(i) Any action similar to any of those enumerated above.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

(a)-(b) EECI holds, and has sole voting and dispositive power with
respect to, 1,550,000 Shares, which represent 17.2% of the outstanding Shares
based upon the number of Shares outstanding as of the date hereof. EECI is
wholly owned by EPI. EPI is wholly owned by IPL. IPL is wholly owned by
Enbridge Inc. EPI, IPL and Enbridge Inc., therefore, may be deemed to
beneficially own, and have the power to direct the voting and the disposition
of, such 1,550,000 Shares. The persons listed on Exhibit B disclaim any
beneficial ownership of the Shares held by EECI. None of the persons listed
on Exhibit B owns any Shares or shares voting or dispositive power over any
of the Shares held by Enbridge Energy Company, Inc.

(c) EECI acquired the 1,550,000 Shares it holds on October 17, 2002 in
connection with EEM's initial public offering at $39.00 per Share.

(d)-(e) Not applicable.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER

The Shares held by EECI were acquired by EECI in connection with the
initial public offering of the Shares by EEM. For a description of the
contracts, arrangements, understandings or relationships among the Reporting
Persons and between such persons and EEM, EEP and others, please read
"Relationships and Related Party Transactions," "Underwriting" and
"Description of our Shares" beginning on pages 143, 163 and 199,
respectively, in the Prospectus dated October 10, 2002 of EEM, EEP and
Enbridge Inc. incorporated herein by reference as Exhibit C.

In addition to the 1,550,000 Shares it owns, EECI owns one voting
limited liability company interest of EEM, constituting 100% of such class of
securities.

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

ExhibitA Joint Filing Statement
Exhibit B Schedules of Directors and Executive Officers
Exhibit C Prospectus dated October 10, 2002,
(Incorporated by reference from the filing of
EEM, EEP and Enbridge Inc. under Rule 424(b)(4)
of the Securities Act of 1933 (File Nos.
333-89552; 333-89588; 333-89618))

SIGNATURES

After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned hereby certifies that the information set forth in
this statement is true, complete and correct.

Dated: October 28, 2002

ENBRIDGE INC.

By: /s/ DAN C. TUTCHER
---------------------------------
Dan C. Tutcher
Group Vice President -
Transportation Group South

By: /s/ J. RICHARD BIRD
---------------------------------
J. Richard Bird
Group Vice President -
Energy Transportation North

IPL SYSTEM INC.

By: /s/ J. RICHARD BIRD
---------------------------------
J. Richard Bird
President

By: /s/ DARBY J. WADE
---------------------------------
Darby J. Wade
Vice President

ENBRIDGE PIPELINES INC.

By: /s/ J. RICHARD BIRD
---------------------------------
J. Richard Bird
President

By: /s/ DARBY J. WADE
---------------------------------
Darby J. Wade
General Counsel

ENBRIDGE ENERGY COMPANY, INC.

By: /s/ E. CHRIS KAITSON
---------------------------------
E. Chris Kaitson
Corporate Secretary

EXHIBIT A

JOINT FILING STATEMENT

Each of the undersigned agrees that (i) the statement of Schedule 13D
relating to the Shares of Enbridge Energy Management, L.L.C. has been adopted
and filed on behalf of each of them, (ii) all future amendments to such
statement on Schedule 13D will, unless written notice to the contrary is
delivered as described below, be jointly filed on behalf of each of them, (iii)
the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934
apply to each of them. This agreement may be terminated with respect to the
obligations to jointly file future amendments to such statement on Schedule 13D
as to any of the undersigned upon such person giving written notice thereof to
each of the other persons signatory hereto, at the principal office thereof.

October 28, 2002

ENBRIDGE INC.

By: /s/ DAN C. TUTCHER
-----------------------------------
Dan C. Tutcher
Group Vice President - Transportation
Group South

By: /s/ J. RICHARD BIRD
------------------------------------
J. Richard Bird
Group Vice President - Energy
Transportation North

IPL SYSTEM INC.

By: /s/ J. RICHARD BIRD
------------------------------------
J. Richard Bird
Vice President

By: /s/ DARBY J. WADE
------------------------------------
Darby J. Wade
Vice President

ENBRIDGE PIPELINES INC.

By: /s/ J. RICHARD BIRD
------------------------------------
J. Richard Bird
President

By: /s/ DARBY J. WADE
------------------------------------
Darby J. Wade
General Counsel

ENBRIDGE ENERGY COMPANY, INC.

By: /s/ DAN C. TUTCHER
------------------------------------
Dan C. Tutcher
President

EXHIBIT B

INFORMATION CONCERNING THE DIRECTORS AND
EXECUTIVE OFFICERS OF ENBRIDGE INC.

Set forth below are the name, citizenship and the present principal
occupation and/or employment of each director and executive officer of Enbridge
Inc. The principal business address for each individual listed below is 3000
Fifth Avenue Place, 425-1st Street S.W., Calgary, Alberta T2P 3L8, Canada.

NAME AND ADDRESS PRESENT PRINCIPAL OCCUPATION
(IF DIFFERENT FROM ABOVE) CITIZENSHIP AND POSITION
--------------------------- ------------- ----------------------------------------------

DAVID A. ARLEDGE U.S. Corporate Director

MEL F. BELICH Canada Group Vice President, International

J. RICHARD BIRD Canada Group Vice President, Energy Transportation - North

JAMES J. BLANCHARD U.S. Senior Partner, Piper Rudnick, Attorneys; Corporate
Director

J. LORNE BRAITHWAITE Canada Businessman; Corporate Director

KARYN A. BROOKS Canada Vice President & Controller

PATRICK D. DANIEL Canada President & Chief Executive Officer

BONNIE D. DUPONT Canada Group Vice President, Corporate Resources

E. SUSAN EVANS Canada Corporate Director

WILLIAM R. FATT Canada Chief Executive Officer, Fairmont Hotels & Resorts,
Inc.; Corporate Director

RICHARD L. GEORGE Canada/U.S. President & Chief Executive Officer of Suncor
Energy Inc.; Corporate Director

MICHEL GOURDEAU Canada Executive Vice President, Natural Gas Sector of
Hydro-Quebec; Corporate Director

LOUIS D. HYNDMAN Canada Senior Partner, Field Atkinson Perraton LLP,
Barristers and Solicitors; Corporate Director

STEPHEN J.J. LETWIN Canada Group Vice President, Distribution & Services

BRIAN F. MACNEILL Canada Chairman, Petro-Danada; Corporate Director

NAME AND ADDRESS PRESENT PRINCIPAL OCCUPATION
(IF DIFFERENT FROM ABOVE) CITIZENSHIP AND POSITION
--------------------------- ------------- ----------------------------------------------

ROBERT W. MARTIN Canada Corporate Director

BLAINE G. MELNYK Canada Corporate Secretary & Associate General Counsel

AL MONACO Canada Vice President, Financial Services

GEORGE K. PETTY Canada/U.S. Corporate Director

DONALD J. TAYLOR Canada Chair of the Board of Directors

DEREK P. TRUSWELL Canada Group Vice President & Chief Financial Officer

DAN C. TUTCHER U.S. Group Vice President, Energy Transportation - South

DARBY J. WADE Canada Vice President & General Counsel

JOHN K. WHELEN Canada Vice President & Treasurer

SCOTT R. WILSON Canada Vice President, Finance

STEPHEN J. WUORI Canada Group Vice President, Planning & Development

INFORMATION CONCERNING THE DIRECTORS
AND EXECUTIVE OFFICERS OF IPL SYSTEM INC.

Set forth below are the name, citizenship and the present principal
occupation and/or employment of each director and executive officer of IPL
System Inc. The principal business address for each individual listed below is
3000 Fifth Avenue Place, 425-1st Street S.W., Calgary, Alberta T2P 3L8, Canada.

NAME AND ADDRESS PRESENT PRINCIPAL OCCUPATION
(IF DIFFERENT FROM ABOVE) CITIZENSHIP AND POSITION
------------------------------ --------------- ------------------------------------

J.R. BIRD Canada Vice President & Director

K.A. BROOKS Canada Vice President & Controller

B.D. DUPONT Canada Director

B.G. MELNYK Canada Corporate Secretary

D.P. TRUSWELL Canada President & Director

D.J. WADE Canada Vice President

S.R. WILSON Canada Vice President & Treasurer

INFORMATION CONCERNING THE DIRECTORS
AND EXECUTIVE OFFICERS OF ENBRIDGE PIPELINES INC.

Set forth below are the name, citizenship and the present principal
occupation and/or employment of each director and executive officer of
Enbridge Pipelines Inc. The principal business address for each individual
listed below is 3000 Fifth Avenue Place, 425-1st Street S.W., Calgary,
Alberta T2P 3L8, Canada.

NAME AND ADDRESS PRESENT PRINCIPAL OCCUPATION
(IF DIFFERENT FROM ABOVE) CITIZENSHIP AND POSITION
---------------------------- ---------------- --------------------------------------------------

J.R. BIRD Canada President-- Chair of the Board & Director

S.B. BUYS Canada Vice President, Accounting & Regulatory Affairs

P.D. DANIEL Canada Director

L.D. HYNDMAN Canada Director

B.G. MELNYK Canada Corporate Secretary

A.D. MEYER Canada Vice President, Technology

G. SEVICK Canada Vice President, Operations

D.J. TAYLOR Canada Director

D.P. TRUSWELL Canada Director

D.J. WADE Canada General Counsel

J.K. WHELEN Canada Treasurer

L.A. ZUPAN Canada Vice President, Development & Services

INFORMATION CONCERNING THE DIRECTORS
AND EXECUTIVE OFFICERS OF ENBRIDGE ENERGY COMPANY, INC.

Set forth below are the name, citizenship and the present principal
occupation and/or employment of each director and executive officer of
Enbridge Energy Company, Inc. The principal business address for each
individual listed below is 1100 Louisiana, Suite 3300, Houston, Texas 77002.

NAME AND ADDRESS PRESENT PRINCIPAL OCCUPATION
(IF DIFFERENT FROM ABOVE) CITIZENSHIP AND POSITION
-------------------------- ----------- ----------------------------------

J.R. BIRD Canada Director

J.L. BALKO Canada Controller

P.D. DANIEL Canada Director

E.C. HAMBROOK U.S. Director

E.C. KAITSON U.S. Corporate Secretary

M.A. MAKI Canada Vice President - Finance

Vice President - Commercial Activity &
T.L. MCGILL U.S. Business Development

A. MONACO Canada Treasurer

G.K. PETTY Canada/U.S. Director

C.A. RUSSELL U.S. Director

G. SEVICK Canada Vice President - Operations

D.P. TRUSWELL Canada Director

D.C. TUTCHER U.S. President & Director