www.spectraenergypartners.com UBS MLP One-on-One Conference Las Vegas, Nevada September 1-2, 2010 Natural Gas. Right Here, Right Now.
Safe Harbor Statement Some of the statements in this document concerning future company performance will be forward-looking within the meanings of the securities laws. Actual results may materially differ from those discussed in these…
Our Key Attributes Natural Gas Infrastructure Our Strategy for Growth Company Interstate gas pipelines & Optimizing our assets storage Deliver on organic growth Fee-based, stable cash Pursue acquisitions flow business No direct…
Our Strategy Provides Balanced Growth Spectra Energy Partners has increased distributions to unitholders for 11 consecutive quarters Spectra Energy Partners Distribution per LP Unit 0.45 0.40 0.35 0.30 0.25 0.20 0.15 3Q…
Our Asset Portfolio SEP Operating Totals: Transmission Pipe Capacity (Bcf/d): 3.26 Miles of Transmission Pipe: 2,820 Miles of Gathering Pipe: 365 Storage capacity (Bcf): 49 Assets & Revenue Composition: East Tennessee Saltville…
Projects in Execution Current projects in execution reflect the organic growth opportunities of well-positioned assets Ozark Gas Transmission East Tennessee Natural Gas Northeastern Tennessee (NET) Expected in-service 2H11…
Balanced Deployment of Capital Spectra Energy Partners has deployed 645 million in growth capital in a balanced, disciplined manner Organic Growth 38% Third Party 645 Million Acquisition 46% Acquisition from Sponsor 16%…
East Tennessee Natural Gas Northeastern Tennessee (NET) Project SEPs NET project provides NET Saltville service to a new TVA gas-fired Storage generation plant Project 150,000 Dth/day Long-term arrangement East Tennessee Natural…
East Tennessee Natural Gas Pipeline ETNG Operating Totals: 1,510 mile interstate pipeline 1.5 Bcf/d of capacity 31 receipt - 179 delivery points 1 Bcf LNG storage facility Avg contract life: 9 yrs ETNG is well positioned to…
Ozark Gas Transmission Ozark Operating Totals: 565 mile interstate pipeline 365 mile fee-based gathering system 0.5 Bcf/d of capacity Avg contract life: 2 yrs Well-positioned assets with a good mix of customers Access to…
Market Hub Partners (MHP) Natural Gas Storage Market Hub Operating Totals: 2 high deliverability salt cavern storage facilities 43 Bcf capacity 67 miles of pipeline 13 interconnects Avg contract life: 3 yrs High deliverability…
Gulfstream Natural Gas Pipeline Gulfstream Operating Totals: 745 mile interstate natural gas pipeline 1.26 Bcf/d of capacity 8 receipt - 23 delivery points Avg contract life: 19 yrs One of Two Pipelines serving Florida…
Three Years of Success Building on our 3 years of accomplishments, we look forward to continued success Successfully deployed 645 million in growth capital Significantly grew the asset portfolio Pipeline miles: 2,100 miles to 3,100…
Appendix A Financial Information Natural Gas. Right Here, Right Now.
Six Months Ended Earnings Summary Six Months Ended June 30 ( millions) 2010 2009 Operating Revenues 97.9 76.9 Operating Expenses 53.0 40.2 Operating Income 44.9 36.7 Equity Earnings Gulfstream (24.5%) 15.5 13.7 Market Hub…
Debt and Available Liquidity ( millions) June 30, 2010 Mar. 31, 2010 Debt: East Tennessee Natural Gas (5.71%; due 2012) 150 150 Other Floating Rate Debt 265 268 Total Debt 415 418 Available Liquidity: Credit Facility 500 500…
Spectra Energy Partners Eligible Holders SCHEDULE I As a result of certain FERC rate- An Eligible Holder is (a) an individual or entity subject to United States federal income taxation on the income generated by the Partnership or (b)…
Contact Info: Investor Relations (713)627-4963 www.spectraenergypartners.com Natural Gas. Right Here, Right Now.