CBIA Energy Conference Natural Gas- Coming to Your Neighborhood Soon October 10, 2013 Cromwell, Connecticut Michael Dirrane Director, Northeast Marketing
Spectra Energy U.S. Transmission Map Miles of Pipe 13,297 Number of Compressor Stations 129 Total Horsepower 2,147,488 2
Algonquin Gas Transmission Directly Connected Power Generators 3
Mdth Algonquin Gas Transmission Monthly Deliveries 60,000 50,000 40,000 31.6% 11.9% 23% of Total 4.5% -0.4% 18% of Total 6.8% 5.7% 16% of Total 9.2% 2.6% 15% of Total 19.1% 6.2% 17% of Total 30,000 20,000 10,000 0 Nov Dec Jan Feb Mar Prev 5 Winter Avg Pwr W11_12 Pwr W12_13 Pwr Prev 5 Winter Avg Non Pwr W11_12 Non Pwr W12_13 Non Pwr 4
Mdth Algonquin Gas Transmission Power Sector Monthly Deliveries 16,000 14,000-25.5% 12,000-32.0% -31.4% 10,000 13.4% -12.1% -29.0% 8,000 6.0% 2.8% 6,000 22.2% 10.8% 4,000 2,000 0 Nov Dec Jan Feb Mar Prev 5 Winter Avg Pwr W11_12 Pwr W12_13 Pwr 5
Mdth Algonquin Gas Transmission Monthly Deliveries 45,000 40,000 0.7% -9.7% 4.1% 35,000 30,000 25,000 37.6% 41% of Total 28.6% -2.7% 37% of Total 39.0% 48% of Total 24.1% 45% of Total 20,000 15,000 10,000 5,000 0 May Jun Jul Aug Prev 5yr Avg Pwr 2012 Pwr 2013 Pwr Prev 5yr Avg Non Pwr 2012 Non Pwr 2013 Non Pwr 6
Mdth Algonquin Gas Transmission Power Plant Monthly Deliveries 25,000 Prev 5yr Avg 2012 2013 20,000-4.6% -20.6% 15,000 5.7% -19.0% 27.3% 5.0% 10,000 59.9% 10.2% 5,000 0 May Jun Jul Aug 7
Algonquin Gas Transmission Number of Restrictions Location W12-13 W11-12 W10-11 Seal Only Restrictions Seal Only Restrictions Seal Only Restrictions Mahwah Mainline 0 6 9 5 5 26 Stony Point 2 134 6 28 9 71 Southeast 0 6 9 37 0 0 Oxford 39 78 0 0 0 0 Cromwell 61 84 20 107 19 23 Burrillville 0 0 1 3 21 1 Hubline East to West 0 0 0 0 0 0 Definitions: Seal Only: Restrictions: AGT did not reduce scheduled quantities at the close of the Timely Cycle. Due to a capacity constraint, however, AGT did not accept nominations in excess of available posted capacity. AGT reduced scheduled quantities to posted pipeline capacity at the close of the Timely Cycle in accordance with GT&C Section 24 of the AGT Tariff. 8
Number of Days Days with Zero Interruptible Capacity Available on Algonquin 350 300 250 292 349 200 150 100 50 89 0 August 2010 - July 2011 August 2011 - July 2012 August 2012 - July 2013 9
8/17/2011 8/31/2011 9/14/2011 9/28/2011 10/12/2011 10/26/2011 11/9/2011 11/23/2011 12/7/2011 12/21/2011 1/4/2012 1/18/2012 2/1/2012 2/15/2012 2/29/2012 3/14/2012 3/28/2012 4/11/2012 4/25/2012 5/9/2012 5/23/2012 6/6/2012 6/20/2012 7/4/2012 7/18/2012 8/1/2012 8/15/2012 Daily Quantity (Dth) West to East Utilization - Cromwell Station 1,100,000 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 Capacity Physical Flow 10
Algonquin Gas Transmission Supply Diversity (MDth/d) Operator Sep 10 - Aug 11 Sep 11 - Aug 12 Sep 12 - Aug 13 Texas Eastern 520 340 356 Tennessee- Mahwah 141 240 242 Transco 43 65 42 Columbia Hanover 108 88 64 Millennium 248 400 479 West End Supply 1060 1133 1183 Maritimes 105 65 47 Everett 95 48 9 Northeast Gateway 0 0 0 Tennessee- Mendon 70 87 124 East End Supply 270 200 180 11
Texas Eastern Transmission, LP Winter Season Supply Diversity (MMDth) Operator W 10/11 W11/12 W12/13 Lebanon Area (ANR, PEPL, TX Gas, REX) 101.0 48.7 26.6 REX Clarington 54.1 55.8 47.5 Texas Eastern 24 21.4 12.9 13.9 Texas Eastern 30 281.7 202.6 106.8 Appalachian Production 35.6 117.1 242.0 Other TE Mainline Meters 134.4 124.2 119.6 Total 628.2 561.3 556.4 12
01/01/10 04/01/10 07/01/10 10/01/10 01/01/11 04/01/11 07/01/11 10/01/11 01/01/12 04/01/12 07/01/12 10/01/12 Texas Eastern Appalachian Shale Supply Interconnect Program 58 Requests In-Service & Under Agreement (requested tap & posted M&R capacity) Current Appalachian Shale Supply 12.9 Bcf/d 1.5 Bcf/d 31 In-Service (posted M&R capacity) 5.9 Bcf/d 27 In Progress & Under Agreement (Scheduled 2013 In-Service) 7.0 Bcf/d Texas Eastern Appalachian Shale Supply Growth 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 - December 5, 2012 13
Dth Texas Eastern Transmission, L.P. Marcellus Shale Supply Growth 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 J-10 M-10 M-10 J-10 S-10 N-10 J-11 M-11 M-11 J-11 S-11 N-11 J-12 M-12 M-12 J-12 S-12 N-12 J-13 M-13 M-13 J-13 S-13 14
Algonquin Incremental Market Expansion (AIM) MARCELLUS BOSTON UTICA NEW YORK PHILADELPHIA Regional Supply AIM Expansion Purpose: Provides growing New England demand with access to abundant regional natural gas supplies Project Scope: 450 MMcf/d mainline expansion from Ramapo to the head of the G-system Open Season from September 20, 2012 to November 2, 2012 In-Service: 2H16 15
NJ-NY Expansion Project Overview NJ-NY Expansion Project is a more than $1 billion privately funded expansion of Spectra Energy s existing Texas Eastern Transmission and Algonquin Gas Transmission pipeline systems Scope: Approximately 15.5 miles of new pipeline and 4.8 miles of replacement pipeline from Linden, NJ to Manhattan; new meter and regulating stations; modifications to existing facilities Capacity: Up to 800 million dekatherms per day Projected Completion: Fourth Quarter 2013 per FERC Certificate to meet Con Ed s 2013/2014 winter energy needs Annual Energy Savings: $700 million in the New Jersey and New York region 16
New Jersey New York Expansion Project 17
New Jersey New York Expansion Project 18
New Jersey New York Expansion Project 19
U.S. Transmission Future Growth Opportunities NEXUS U2GC Eastern Canada & New England Supply diversity Oil-to-gas conversions Power generation LNG export potential Northeast & Mid-Atlantic Power generation Industrial markets LNG export potential Gulf Markets Expansion SOLA Renaissance Midwest & Ontario LDC supply diversity Power generation Industrial markets Southeast ~1.8 Bcf/d of coal conversions and incremental growth Gulf Coast Industrial, petrochemical & power generation LNG export markets 20
Dth Spectra Energy U.S. Pipelines Daily Average Power Gen Load Aug - July 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 ETN SESH MNE AGT TE Gulfstream 0 C0809 C0910 C1011 C1112 C1213 21