NORTHERN BORDER PARTNERS LP
10-Q/A, 1998-11-13
NATURAL GAS TRANSMISSION
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              UNITED STATES SECURITIES AND EXCHANGE
                           COMMISSION
                     WASHINGTON, D.C. 20549
                            FORM 10-Q




QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1998




                 Commission File Number 1-12202
                 NORTHERN BORDER PARTNERS, L.P.
     (Exact name of registrant as specified in its charter)
                                
                                
           Delaware                           93-1120873
(State or other jurisdiction of      (I.R.S. Employer Identification
incorporation or organization)                  Number)


        Enron Building
      1400 Smith Street
        Houston, Texas                          77002
(Address of principal executive               (Zip code)
           offices)


                            (713) 853-6161
         (Registrant's telephone number, including area code)




   Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes [X]     No [ ]



<PAGE>
                           SIGNATURES


   Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.


                              NORTHERN BORDER PARTNERS, L.P.
                              (A Delaware Limited Partnership)

Date:  November 12, 1998      By:  JERRY L. PETERS
                                   Jerry L. Peters
                                   Chief Financial and Accounting
                                    Officer




<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                           5,978
<SECURITIES>                                    37,023
<RECEIVABLES>                                   18,709
<ALLOWANCES>                                         0
<INVENTORY>                                      4,564
<CURRENT-ASSETS>                                67,655
<PP&E>                                       2,228,814
<DEPRECIATION>                                 609,534
<TOTAL-ASSETS>                               1,708,608
<CURRENT-LIABILITIES>                          136,300
<BONDS>                                        819,756
                                0
                                          0
<COMMON>                                             0
<OTHER-SE>                                     505,918
<TOTAL-LIABILITY-AND-EQUITY>                 1,708,608
<SALES>                                              0
<TOTAL-REVENUES>                               161,044
<CGS>                                                0
<TOTAL-COSTS>                                   77,955
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              34,046
<INCOME-PRETAX>                                 49,385
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             49,385
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    49,385
<EPS-PRIMARY>                                     1.65
<EPS-DILUTED>                                     1.65
        


</TABLE>


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