Line 3 Replacement Line 3: Part of Enbridge mainline system Replace all remaining segments from Hardisty to Superior with latest available high strength steel and coating technology EEP Capital Investment: border to Superior 2.6…
Market Access Programs Market Access Programs Bolster Lakehead System Utilization Fort 2013 McMurray Bakken Pipeline Expansion+ Berthold Rail - EEP Line 5 Expansion (+50 kbpd) - EEP Line 62 Expansion (+105 kbpd) - EEP Edmonton Line…
Project Execution 2014 In-Service Eastern Access: Ln 6B Replacement 160 miles of Line 6B replacement is on target to enter service in May ROW and permitting for the remaining 50 mile replacement secured, construction to begin this…
Commercial Structure & Risk Profile Crude oil projects progressively transform EEP to lower risk business model (Unconsolidated view) 100.0% 24% 80.0% 59% Fee-Based 60.0% 40.0% 18% Commodity Sensitive 76% 20.0%…
Execute Drop-Down to MEP Mid-Year Drop-Downs Bolster Funding Program Near Term First Drop-Down to MEP targeted mid-2014 (300400 million) Drop-down remaining interests in gas business to MEP within five years Gas-Focused…
Funding Plan 2014-2017 (unconsolidated) Equity funding requirements manageable (billion) Uses/(Sources) Secured Growth Capital 9.4 Maintenance Capital 0.4 Joint Funding Call Back on Lakehead Expansions 0.7 10.5 ENB Joint…
Financial Summary Financial Results First Quarter 2014 Highlights (millions, except per unit amounts ) 1Q 2014 1Q 2013 Adjusted EBITDA1 338.7 281.0 Strong Lakehead System Deliveries Adjusted Net Income2 102.9 95.7 Strong North Dakota…
Liquids Segment Results Adjusted Operating Income Volumes Lakehead Mid-Continent North Dakota 2.50 200 205.2 0.25 0.20 185.8 0.13 0.21 0.21 2.00 0.20 167.9 0.22 0.15 0.22 150 0.17 154.3 Volume by System (mmbpd) 150.2…
Natural Gas Segment Adjusted Operating Income * Volumes / Rig Count 50 Anadarko East Texas North Texas Rig Count 3,000 400 (mmbtu/d in thousands) 350 Volume by System 2,500 Average Rig Count EEP Main Regions 332 333…
Forecasted Capital Expenditures Capital Expenditures Available Liquidity* Eastern Access1 265 Credit Facilities Cash 3,000 2,958 160 US Mainline Expansions1 210 2,500 Sandpiper1 260 89 2,434 Line 6B 75-mile Replacement 15 2,000…
Key Takeaways Strong Lakehead and North Dakota system deliveries Coverage continues to strengthen as organic growth projects enter service Target first drop-down post-IPO to MEP mid-2014 Manageable funding plan minimal equity…
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