Investing Today for Tomorrows Energy Infrastructure Investor Introduction and Overview March 2013 NYSE: CNP NYSE: OGE investors.centerpointenergy.com oge.com/investor-relations
Forward Looking Statement This document does not constitute an offer to sell or a solicitation of an offer to buy any securities described herein, nor shall there be any sale of such securities in any state or jurisdiction in which…
Transaction Overview CenterPoint Energy (CNP), OGE Energy Corp. (OGE) and ArcLight Capital (ArcLight) are forming a midstream partnership composed of CNPs Field Services and Interstate Pipelines and OGEs and Transaction ArcLights…
Strong Credit Metrics and Liquidity CenterPoint Energy Resources Corp. (CERC) A Subsidiary of CenterPoint Energy General Partner Midstream Partnership DEBT LIQUIDITY Three-Year Bank Term Loan 1,050(1) Five-Year Revolver…
Benefits of the Partnership Enhanced scale, with more than 10.7 billion of combined assets Geographic diversification, with operations in major natural gas and liquids- rich producing areas of Oklahoma, Texas, Arkansas and…
Midstream Partnership Increased Scale, Scope and Supply Diversity March 2013 investors.centerpointenergy.com oge.com/investor-relations 7
Diversified Asset Base Area CNP Midstream Enogex New Midstream Partnership 8,400 miles Interstate pipelines Nearly 2,300 miles Intrastate pipelines 8,400 miles Interstate pipelines Nearly 9 TBtu/d throughput capacity Nearly 2,300…
Balanced Mix of Dry Gas and Liquids-Rich Plays Significant Producer Activity Across Key Conventional and Shale Basins Mississippi Lime Unconventional Plays Heat Map Index Wet Gas 0 25 Rigs Predominantly Dry gas 26 50 Rigs…
Expanded High Quality Producer Customer Base Minimal Customer Overlap Average Throughput, MMBtu/d CenterPoint Energy Field Services Enogex Table reflects each Companys top ten producer throughput as of December 31, 2012…
APPENDIX: Background Information March 2013 investors.centerpointenergy.com oge.com/investor-relations 11
CenterPoint Energy Background Information March 2013 investors.centerpointenergy.com oge.com/investor-relations 12
CenterPoint Energy, Inc (NYSE: CNP) Domestic Energy Delivery with 147 Year Operating History Strategically located assets and attractive service territories that provide operating scale and diversification of risk Regulated and…
CenterPoint Energy Interstate Pipelines Three pipeline segments across nine states- CEGT with Line CP, MRT, SESH Long-term agreements with affiliated LDCs extended into 2021 Nearly 40% of contracted demand serves LDCs and industrial…
CenterPoint Energy Field Services Secure core business through superior customer service and product offerings Attractive margins despite highly competitive business dynamics Relatively low risk business model utilizing volume…
OGE Background Information March 2013 investors.centerpointenergy.com oge.com/investor-relations 16
OGE Energy Corp. (NYSE: OGE) Domestic Energy Delivery with 111 Year Operating History Vertically integrated electric utility (OG&E) and natural gas midstream business (Enogex) Over 90% of earnings derived from utility or fee-based…
Enogex, LLC Expanding midcontinent footprint primarily in the gathering and processing businesses Over 2.5 million acres of long-term acreage dedications in Western Oklahoma, the Texas Panhandle and the Southeast Cana regions…
Detailed Asset Overview CenterPoint Energy Midstream March 2013 investors.centerpointenergy.com oge.com/investor-relations 19
CenterPoint Energy Midstream Asset Overview March 2013 investors.centerpointenergy.com oge.com/investor-relations 20
CenterPoint Energy Gas Transmission (CEGT) CEGT Top Customers (% Revenues) CNP Gas Operations Oneok Energy Services Laclede Group ANR pipeline Southwestern Electric Power Other Note: The above data does not reflect shippers…
CNPs Line CP Line CP Top Customers (% Revenues) Chesapeake Energy PetroHawk Exxon Mobil/ XTO BP Energy EOG Resources Other Note: The above data only reflects shippers on Line CP and does not reflect shippers on the rest of…
CNPs Perryville Hub (PVH) Diverse supply sources MRT PV Core Barnett, Fayetteville, Woodford, Haynesville, Cana-Woodford, SONAT PV Core Mississippi Lime, and Granite Wash shale plays Midla Core LGS Sterlington Traditional Arkoma,…
CNPs Mississippi River Transmission (MRT) MRT Top Customers (% of Revenues) Fayetteville Shale Woodford Shale Laclede Group CenterPoint Energy Services CEGT US Steel Ameren Illinois Other Haynesville Shale Barnett…
CNPs Southeast Supply Header (SESH) Pipeline Summary 50/50 joint venture between CenterPoint and Spectra Energy CenterPoint provides field operations Spectra provides commercial operations SONAT undivided interest in first…
CenterPoint Energy Field Services (CEFS) Assets in three major gas traditional and shale basins Arkoma Basin Anadarko basin Arkoma basin (includes Woodford and Fayetteville shales) Ark-La-Tex basin (includes Haynesville…
Detailed Asset Overview Enogex LLC March 2013 investors.centerpointenergy.com oge.com/investor-relations 27
Enogex Asset Overview March 2013 investors.centerpointenergy.com oge.com/investor-relations 28
Large acreage dedications Western Oklahoma, the Texas Panhandle and Mississippi Lime NW Cana (less rich) Devon Cimarex Continental Questar Mississippi Lime (oil / rich gas) Devon Slawson Various Others Greater Granite…
Enogex Rich Gas Header System Source: Enogex management presentation (November 2012) March 2013 investors.centerpointenergy.com oge.com/investor-relations 30
Enogex Processing Plants Nameplate Processing Year Capacity Plant Installed Type of Plant (MMcf/d) Calumet 1969 Lean Oil 250 Thomas 1981 Cryogenic 135 Wetumka 1983 Cryogenic 60 Cox City 1994 Cryogenic 60 Canute 1996 Cryogenic…
Enogex Expanding Position in the Mid-Continent March 2013 investors.centerpointenergy.com oge.com/investor-relations 32
Enogex Transportation Strategically located transportation assets 2,250 miles intrastate transportation pipelines Average throughput of 2.1 TBtu/d OG&E and PSO are two largest customers Deliver natural gas to 15 electric…
Enogex Storage Overview The two natural gas storage facilities on the east side of the Enogex system provide approximately 24 Bcf of working gas capacity to customers. The Wetumka storage field Services the majority of the power…
Reconciliation of EBITDA to GAAP As reported ( millions) Year Ended December 31, 2012 CenterPoint Energy Field Services Interstate Pipelines Midstream Group Operating Income 214 207 421 Add: Depreciation and amortization 50 56…