FirstEnergy/Socit Gnrale East Coast Energy Conference March 14, 2013 Alex Pourbaix, President Energy & Oil Pipelines
Leading North American Energy Infrastructure Company One of North Americas Largest Natural Gas Pipeline Networks 68,500 km (42,500 mi) of pipeline 14 Bcf/d or 20% of demand Third Largest Natural Gas Storage Operator 406 Bcf of…
Our Value Proposition Track Record of Delivering Shareholder Value 13.3% average annual return over the last 12 years Visible Attractive Strong Growth Dividend Financial Position 25 billion of 3.8% yield Capacity to fund…
Dividends Per Common Share Track Record of Dividend Growth 1.84* 7% CAGR 0.80 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13E * annualized based on first quarter declaration
12 Billion of Assets Expected to be In-Service by 2015 Capital Cost* Expected Total Invested In-Service Revenue Project (Billions) to Date Date Stream Alberta System 2.2 -- 2013-2015 Cost of Service Gulf Coast Project 2.3 1.3 2013…
Capital Program Drives Growth EBITDA Outlook Funds Generated from Operations Outlook Billions Billions 6 6 5 30% 5 4 16% 4 22% 3 19% 3 20% 17% 2 2 1 45% 31% 1 0 0 2012A 2015E 2012A 2015E Cdn. Gas Pipelines U.S. Gas…
Gulf Coast and Keystone XL Gulf Coast Project US2.3 billion Initial capacity of up to 700,000 bbl/d; ultimate capacity of 830,000 bbl/d Construction 50 per cent complete; in-service late 2013 Keystone XL US5.4 billion 830,000…
Alberta Regional Oil Pipeline Business 2.5 billion of secured projects 1.5 billion Grand Rapids Project 660 million Northern Courier Project 275 million Hardisty Terminal Leverages natural gas pipeline operating experience in…
Eastern Mainline Oil Pipeline Proposal Combination of converted natural gas pipeline and new construction Technically and economically feasible Serve Eastern markets with lower priced Western Canadian crude oil supply
Energy Assets 21 plants, 11,800 MW Diversified portfolio includes: Long-term contracted assets with stable, predictable earnings and cash flow Low-cost, base-load generation Concentrated in core regions 156 Bcf of…
Building a Stable Power Asset Base 3 billion investment in projects entering service between late 2012 and 2014 Bruce A Unit 1 & 2 Restart (1,500 MW) (50% interest) Cartier Phase V (111 MW) (62% interest) Ontario Solar (86 MW)…
Natural Gas Pipelines Large Network of Essential Infrastructure Regulated assets with 60 years of safe, reliable operations Broad based portfolio serving multiple supply points and end markets Expertise in large scale project…
Key Takeaways Proven track record of success 13 billion of assets placed in service since 2010 25 billion of commercially secured projects under development Strong financial position - funding needs are manageable Well…
FirstEnergy/Socit Gnrale East Coast Energy Conference March 14, 2013 Alex Pourbaix, President Energy & Oil Pipelines