ENERGY TRANSFER ROVER PIPELINE. Beth Hickey - Sr. Vice President, Interstate

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1 ENERGY TRANSFER ROVER PIPELINE Beth Hickey - Sr. Vice President, Interstate

2 ENERGY TRANSFER ASSET OVERVIEW Excludes retail locations ETP Assets Marcus Hook SXL Assets Eagle Point Nederland 2

3 ENERGY TRANSFER A TRULY UNIQUE FRANCHISE Current Asset Base 1/ : ~62,500 miles of Natural Gas, NGL and Crude pipelines Over 65 Processing Plants, Treating Plants and Fractionators ~ 5 million Horsepower of compression 59 million Barrels of Underground Liquid Storage 380 Bcf of Underground Natural Gas Storage (~146 Bcf Working) Over 25 Bcf of Measured Natural Gas Received Daily Over 635K bbls/d of Measured Liquid Product on Pipelines & Fracs Over 700K bbls/d of Measured Product in Storage Facility A premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. 1/ As of 6/30/2015. Includes ETP only. 3

4 ENERGY TRANSFER FAMILY ORGANIZATIONAL STRUCTURE 4

5 ENERGY TRANSFER INTERSTATE ASSETS PEPL TGC 1/ TW FGT SR FEP Tiger MEP Miles of Pipeline 6,000 2,230 2,600 5,400 1, Capacity (Bcf/d) Owned Storage Gulf States Ownership 100% 100% 100% 50% 100% 50% 100% 50% 100% Transwestern F ville Express Trunkline Gulf States Tiger Florida Gas Sea Robin 1/ After pending abandonment. 5

6 ROVER PIPELINE 711 miles of pipeline; initial forward haul capacity of 3.25 Bcf/day of capacity 6

7 ROVER ESTIMATED IN-SERVICE DATES December 2016 June 2017 Midwest Hub (Defiance) Seneca Clarington 7

8 ROVER SUPPLY ZONE CAPACITIES (MMCF/D) Fox 1,000 Cadiz 1,250 Majorsville 400 Seneca 800 Clarington 750 Sherwood 800 Initial 5 Bcf/day of receipt point capacity 8

9 ROVER MARKETS Michigan Markets: Consumers, MichCon, Vector Union Gas Dawn Hub Midwest Hub: ANR, Panhandle Rover Pipeline Panhandle Eastern Trunkline Gas Trunkline Zone 1A Initial 3.8 Bcf/day of delivery point capacity 9

10 ROVER RECOURSE RATES Supply Zone Only Supply Zone to Mainline Zone Supply Zone to Market Zone - North Supply Zone to Market Zone - South Reservation (Daily) $.2354 $.6488 $ $.9495 Usage $.0008 $.0022 $.0041 $.0206 Fuel Reimbursement 1/ 0.42% 0.91% 1.17% 0.91% 1/ Excludes downstream pipeline fuel (Vector, Panhandle, Trunkline) as applicable. Mainline Zone - originates at the Leesville Plant and continues westward to the Defiance, Ohio delivery point. Market Zone North - originates at Defiance and continues northward to Dawn. Market Zone South - originates at Defiance and continues southward to Panola County, Mississippi. 10

11 ROVER ECONOMIC IMPACT Will create: Up to 10,000 construction jobs. Approximately permanent positions throughout Ohio, Michigan, Pennsylvania and West Virginia. Will contribute nearly $1 billion in direct spending to the United States economy 76 percent of the pipe will be manufactured in the U.S. Most of the remaining major materials will be purchased, manufactured or assembled in the U.S., including Ariel compressors which are manufactured in Mount Vernon, Ohio. Projected first-year ad valorem taxes*: *The tax figures listed above are calculated according to the state tax code based on an estimated capital spend for Rover. The state will allocate Rover s taxable value based on a distribution of cost per taxing jurisdiction and counties will disperse funds to townships/districts in accordance with local taxing jurisdiction rates. These figures are estimates and should not be used for tax jurisdiction planning purposes since they are subject to change. 11

12 ROVER PROJECT STATUS Major Accomplishments FERC filing made February 20 th ; regulatory schedule on plan. Long-lead time materials being procured. 100% of major materials purchased at or below budget. Scheduled to be delivered by end of the year. Surveys more than 90% complete. ROW on budget and on schedule. Remaining Milestones (anticipated timeline) FERC Certificate Granted 1 st Quarter Construction begins late 1 st Quarter In service Seneca Plant to Midwest Hub December In service to Dawn June

13 FOR MORE INFORMATION Beth Hickey Terry Reilly Joey Colton

14 QUESTIONS? 14