PNGTS Continent to Coast Expansion Project. New England Council February 24, 2015

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Eustace Hopkins
6 years ago
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1 Continent to Coast Expansion Project New England Council February 24, 2015

Forward Looking Statement Forward-Looking Information This presentation may contain certain information that is forward-looking and is subject to important risks and uncertainties.

2 Forward Looking Statement Forward-Looking Information This presentation may contain certain information that is forward-looking and is subject to important risks and uncertainties. The words "anticipate", "expect", "believe", "may", "should", "estimate", "project", "outlook", "forecast" or other similar words are used to identify such forward-looking information. Forward-looking statements in this presentation are intended to provide information regarding TransCanada and its subsidiaries, including management s assessment of future financial and operations plans and outlook. Forward-looking statements in this document may include, among others, statements regarding the anticipated business prospects and financial performance of, expectations or projections about the future, and strategies and goals for growth and expansion. All forward-looking statements reflect TransCanada s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among others, the ability of to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the operating performance of, the availability and price of energy commodities, capacity payments, regulatory processes and decisions, changes in environmental and other laws and regulations, competitive factors in the pipeline and energy sectors, construction and completion of capital projects, and the current economic conditions in North America. By its nature, forward looking information is subject to various risks and uncertainties, which could cause actual results and experience to differ materially from the anticipated results or expectations expressed.. undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. 2

3 Continent-to-Coast C2C Expansion Project No construction needed Expansion upstream provides more volume Anticipated new upstream capacity by Nov 2017 Total Capacity approx. 300,000 MMBTU/day Fixed, $0.60/Dth, 15 year rate Could expand more with build 3

4 C2C Expansion Mechanism M&NE CAN Goldboro Lachenaie compressor East Hereford compressor M&NE U.S. M&NE Baileyville Waddington IROQ Dracut Westbrook Methuen Niagara Dawn Chippawa 4

5 Wright to Advantages: - Access to Marcellus Production - Short, direct route - Pipe-in-ground - Build risks minimized - 15 year fixed rate IROQ,, Westbrook Rate *: IROQ Dracut Canajoharie Wright Methuen IROQ $0.22 $0.46 $0.60 Total $1.28 Dawn * rates in $C/GJ, converted to $US/Dth 2/23/15

6 Dawn/Niag/Chipp to Advantages: - Access to 267 BCF of Storage - Liquid Trading Point over 100 counterparties - 10 BCF/day trading volume - 15 year fixed rate ; 15 year Tariff IROQ Dracut Westbrook Methuen Rate (Dawn) *: $0.87 $0.60 Total $1.47 Wright Niagara Chippawa Dawn * rates in $C/GJ, converted to $US/Dth 2/23/15 Rate * (Niag/Chipp): $0.80 $0.60 Total $1.40

7 C2C Expansion Project Status Concurrent Open Seasons on,, Iroquois end Feb. 27, 2015 Anticipated start date Nov 2017 Capacity up to 300,000 MMBTU/day (150,000 incremental to current) Fixed, $0.60/Dth, 15 year rate on 7

8 For more information contact: Cynthia L. Armstrong Director of Marketing and Business Development Portland Natural Gas Transmission System One Harbour Place, Suite 375 Portsmouth, NH pngts.com Office: (603) Fax: (603) Cell: (603) AOL IM: cynthiarmstrong LinkedIn: 8

9 (Extra Slides) 9

10 C2C Capacity Current C2C Capabilities 168K Pittsburg to Westbrook Up to 300K Pittsburg to Westbrook 210K Westbrook to Dracut (68K higher than current FT contract levels) 210K Westbrook to Dracut (68K higher than current FT contract levels) 10

Portland Natural Gas Transmission System. NGA 2017 Regional Market Trends Forum

Portland Natural Gas Transmission System NGA 2017 Regional Market Trends Forum May 4, 2017 Forward Looking Statement Forward-Looking Information This presentation may contain certain information that is