Enbridge Energy Partners reported reduced fourth quarter and yearly net income versus the same periods of 2011.

For the quarter, net income was $54.3 million, down from $277.4 million a year earlier. For the 12-month period, the pipeline company reported $493.1 million, down from $624 million during 2011.

Lower natural gas and natural gas liquids prices negatively affected profits, President Mark Maki said in the partnership’s earnings announcement.

“While we believe natural gas and NGL fundamentals will gradually improve, we remain focused on our objective of delivering sustainable and prudent growth to our unitholders,” he said. Maki estimated EBITDA for 2013 will increase in excess of 10 percent and will be between $12 billion and $1.3 billion.

• Cooper selected to succeed Hagen at Riverwood - 5/23/2013
• Ojard announces retirement - 5/23/2013
• Man dies in Superior industrial accident - 5/22/2013
• Radisson plans June 6 reopening - 5/22/2013
• Ground broken for new Superior SuperOne store - 5/21/2013