Agenda 1. Program Overview 2. Line 3 Replacement Benefits 3. Commercial Structure 4. Funding Plan Update 5. Question & Answer 3
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…
Benefits of Line 3 Replacement Benefits to Industry high reliability and assurance to key markets reduced scheduling impacts of future maintenance increased scheduling flexibility improved line balancing Supports our 1 priority -…
Capacity Implications Ex-Gretna annual operating capacity rises to 2,850 kbpd following Alberta Clipper (Line 67) expansions System in balance ex-Superior Line 3 Replacement Program will not increase effective system capacity…
Line 3 Replacement Commercial Structure and Returns Profile Low-risk commercial framework: cost-of-service providing highly predictable, long-term cash flows no volume risk; no capital cost risk; no commodity price risk…
Project Funding Joint funding enhances Partnerships financing flexibility Joint funding agreement with Enbridge Inc. for Line 3 Replacement Project being negotiated Assumed 50% joint funding participation levels to be finalized…
Funding Plan 2014-2017 (unconsolidated) (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 Funding* (3.3) Sandpiper Joint Funding…
Project Execution Proven Execution Record Disciplined Project Execution Enbridge Wide Capital Placed In Service 2008 - 2013 Successful Alberta Clipper team to execute Line 3 Well-known construction corridor 17 B Relationships…
Key Takeaways Provides enhanced ability to reliably accommodate shipper throughput requirements Attractive commercial terms: cost- of-service provides low- risk, long term predictable cash flow stream Additional funding requirements…
Loading...
