Barclays CEO Energy- Power Conference September 9, 2015
The Power of Our Portfolio Strategic Positioning We have a solid base business we can build on we go where the lights are We connect supply to demand BARCLAYS CEO E N E RGY - P OWE R CON FE RE N CE 3
CEO Priorities Operate assets safely and reliably Continue to facilitate growth and increase shareholder returns Execute on secured project backlog Secure projects in development Structure DCP Midstream for the long-term Participate…
DCP Structuring Resolution Transaction Summary: Spectra Energy contributes its 1/3 interest in Sand Hills & Southern Hills NGL pipelines to DCP LLC, increasing DCP EBITDA Phillips 66 contributes 1.5 billion cash to DCP LLC which will…
DCP Structuring Resolution Implications Implications: Current and forecasted DCF coverage guidance is maintained at the same level Spectra Energy as previously disclosed Minimal effect on SE DCF coverage guidance is exclusive of…
The Drive to 35: Securing Projects for Future Growth SINCE FIRST QUARTER: 1.0B 1.2B Moved into execution Moved into service CURRENTLY: 9.0B 8.8B In execution In-service & delivering cash High Pine Zia II (DCP) Lebanon Extension…
9+ Billion Projects in Execution - Largely Demand Pull In- Counter- Est. CapEx In- Counter- Est. CapEx Segment Service parties (MM) Segment Service parties (MM) 445 Gulf Markets 2H16-2H17 150 2015 2015 Dawn Parkway 4Q15 OPEN…
The Drive to 35: Securing Projects for Future Growth SINCE FIRST QUARTER: 1.0B 1.2B Moved into execution Moved into service CURRENTLY: 20+B 9.0B 8.8B In development In execution In-service & delivering cash Access Northeast High…
In development: Access Northeast Gas-fired power plant connected to Access Northeast Project PORTLAND Gas-fired power plant not connected Joint development with Eversource and National Grid; Central Maine Maritimes Power planning…
Investor Value Propositions Spectra Energy & Spectra Energy Partners offer best-in-class investment opportunities Spectra Energy 6 QUALITIES of PREMIER INVESTMENTS: Spectra Energy Partners 1. Strong portfolio Transportation, storage,…