Interstate Pipelines Exploration & Production Midstream www.elpaso.com NYSE: EP J. R. Sult Executive Vice President & Chief Financial Officer June 1, 2011 D E P E N D A B L E N A T U R A L G A S
Best footprint Highly integrated systems 3 Superior project execution
Canadian Import Decline Northwest Demand Northeast Rockies Demand Power Generation Marcellus Coal replacements, Supply Shale renewable back-up Power Generation Coal replacements Rockies Demand Power Generation Demand…
Tax-free spin of E&P company Creating two outstanding companies Each with a great future Both well capitalized Significant benefits for each company Substantial and sustainable valuation uplift Tremendous outcome for all stakeholders…
Interstate Midstream EPB GP & LP Pipelines Interests Premier interstate pipeline franchise Growing midstream business Best in class MLP/100% owned high-growth GP Substantial cash generation & growth Pipeline/Midstream synergies Targeting…
Interstate Pipelines Exploration & Production Midstream www.elpaso.com NYSE: EP J. R. Sult Executive Vice President & Chief Financial Officer June 1, 2011 D E P E N D A B L E N A T U R A L G A S