TD Securities London Energy Conference January 12 13, 2015 Don Althoff President and CEO
A Strong and Diversified Portfolio of Energy Infrastructure Assets Pipelines Midstream Power Veresens Current Asset Base (1) Pipelines Length (km) 6,000+ Midstream Gathering (km) 900 Processing (MMcf/d) 670 Horsepower 100K…
Our Corporate Strategy Optimize our existing assets Drive productivity Re-contracting Alliance Expand Aux Sable fractionation capacity Grow where we have strategic advantage Midstream: Western Canada/Hythe/Steeprock and Alliance…
Alliance Re-contracting Strategy Work Plan Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 After maximizing liquids rich carrying capacity of Alliance and Aux Sable fractionation, an amount of firm gas capacity remains to…
Key Growth Projects Over the past 12 months Veresen has progressed three significant growth opportunities: Project Close Capital Ruby Pipeline November 2014 US1.4 Billion Veresen Midstream March 2015 (E) Cdn2.5 - 5 Billion Jordan…
Ruby Pipeline Acquisition Acquired a 50% a convertible preferred interest in Ruby for US1.4 billion Unique opportunity to acquire a large interest in a long-haul natural gas pipeline with strong market fundamentals Attractive…
Veresen / KKR Midstream Partnership and Montney Expansion Transactions 30-year, fee-for-service agreements with Encana and Cutbank Ridge Partnership (CRP) Multi-year, large scale contracted growth profile Requires no up-front funding…
30-Year Fee-For-Service Arrangement within an Area of Mutual Interest (AMI) AMI spans 240,000 acres of top tier Montney acreage Pro-Forma Veresen Midstream Field Compression 125 (000 HP) 100 40 2015 Stand-Alone 2015 Pro-Forma…
Cash Flow Accretive to Veresen as Projects Come On-Stream Cash flow neutral in 2015 and accretive as new development projects come on-stream Additional cash flow potential through attracting third-party volumes Cash Flow Neutral in…
Veresen Midstream Transformational Transaction Strong Innovative Agreement Financial structure this adds meaningful growth without a significant equity contribution from Veresen KKR alliance strong partner with access to significant…
The Jordan Cove LNG Advantage Tolling model Gas-linked price diversification Gas supply from two large distinct gas basins Vertical integration into US and Canada gas markets Significant cost savings for Asian buyers 9 days…
Jordan Cove LNG and Pacific Connector Gas Pipeline 6 mtpa facility expandable to 9 mtpa Design capacity of 1 Bcf/d for 6 mtpa LNG terminal requirements 500-acre site includes two 160,000 m3 full containment tanks, marine facility,…
Jordan Cove LNG is Highly Competitive with Unique Advantages 9 shipping days to Asia 9 shipping days to Asia (4300 nmi) Australia LNG 7 to 9 shipping days to Asia (3100 - 4300 nmi) USGC LNG USGC LNG 22 shipping days…
Parallel Work Streams to Reach FID Key Milestones Regulatory FERC: Received DEIS Nov 7, 2014, projected to receive FEIS by Feb 27, 2015 Power Plant: Oregon DEQ deemed the application complete December 2014, projected draft order in…
Building a Strong Operating Culture Environment, Health & Safety Building a Track Record Reliability of Strong Operational Performance Operational Excellence 16
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