Establishing a Strong Platform for Continued Growth Pipelines Midstream Power LNG Focused on high-quality, strategic, natural gas infrastructure assets which play a key role in meeting North Americas energy needs 3
Our Growth Strategy Optimize our existing assets Drive productivity Re-contracting Alliance Expand Aux Sable fractionation capacity Grow where we have strategic advantage Midstream: Western Canada/Hythe/Steeprock and Alliance…
Aux Sable Rich Gas Premium (RGP) Agreements Aux Sable continues to negotiate new RGP agreements with producers who are developing liquids-rich fields in the Montney and Duvernay which are not yet connected to the Alliance pipeline…
Alliance Re-contracting Status Filed application with the National Energy Board for regulatory approval of the tolls and tariff provisions in May 2014 Includes revised hydrocarbon dewpoint specification to -5 degrees Celsius Inclusion…
Ruby Pipeline Acquisition Highlights Acquired a 50% a convertible preferred interest in Ruby for US1.4 billion Unique opportunity to acquire a large interest in a long-haul natural gas pipeline with strong market fundamentals…
Strong and Growing Financial Performance and Impact Veresen receives US91 million of preferred distributions annually based on the Preferred Interest structure Immediately accretive to distributable cash per share Limited maintenance…
Attractive Convertible Preferred Structure Preferred Interest structure provides strong Illustrative Ruby Cash Flows downside protection while preserving upside Toll Revenue Preferred distributions are payable prior to O&M and any…
Significant Opportunity for Additional Long-term Contracting and Expansion Opportunity to participate in significant cash flow growth from contracting the remaining Expansion through 29% of capacity Compression 130% 500 mmcf/d…
Synergistic to Jordan Cove LNG Ruby provides direct access to the U.S. West Coast through the proposed Pacific Connector Gas Pipeline which would supply the proposed Jordan Cove LNG terminal Provides significant future upside…
The Jordan Cove LNG Advantage Tolling model Gas-linked price diversification Gas supply from two large distinct gas basins Vertical integration into US and Canada gas markets Significant cost savings for Asian buyers 9 days…
Jordan Cove LNG 6 mtpa facility expandable to 9 mtpa 500-acre site includes two 160,000 m3 full containment tanks, marine facility, four 1.5 mtpa PRICO liquefaction plants, two gas treating facilities and dedicated power plant (420…
Pacific Connector Gas Pipeline Design capacity of 1 Bcf/d for 6 mtpa LNG terminal requirements 370-kilometre (232-mile), 36-inch diameter pipeline (1440 psig MAOP) Ownership: 50% Veresen; 50% Williams 14
International Port of Coos Bay: Best LNG Export Location on West Coast of North America 1.5 hour tug assisted transit along clear, open 7-mile Jordan Cove LNG channel to open sea Federally maintained navigation channel currently…
Jordan Cove LNG is Highly Competitive with Unique Advantages 9 shipping days to Asia 9 shipping days to Asia (4300 nmi) Jordan Cove LNGs shipping costs are a significant economic advantage Australia LNG 7 to 9 shipping…
Tolling Model Provides Competitive, Long-term Gas Purchasing Strategies at Lowest Cost Tolling Model Principles: Customer controls North American commodity arbitrage advantage LNG buyers best suited to take risk and benefit from…
Parallel Work Streams to Reach FID in 2015 Regulatory EPC Contract DEIS issued : November 7, 2014 FERC Notice to Proceed; Final EPC contract in place all state and federal permits + Commercial Project Agreements Financing…
Supplementary Information 19
Alliance Re-contracting Fundamentals New rich gas being developed near pipeline system from growing supply basins in western Canada and North Dakota, including the Montney, Duvernay and Bakken Only dense phase pipeline in North…
Ruby Pipeline The Details Newly-built, large-scale, natural gas transmission system extending westward from the Opal hub in Wyoming to the Malin hub in Oregon In-service Date July 28, 2011 Pipeline Length 680 miles Pipeline…
Ruby: Long-Term Contracted Asset Supporting Stable Cash Flow High-quality, long-term ship-or-pay Major Shippers contracts for 1.1 bcf/d, representing 71% of total current capacity, provide stable base cash flows Strong mix of…
Applications Approved for Long-term Gas Supplies to Flow through Jordan Cove LNG United States: Department of Energy Approved Export application to allow for exports of LNG to consuming nations (FTA and non FTA) 30-year FTA export…
Jordan Cove LNG, in Southwest Oregon, Can Be Achieved Coos Bay, Oregon is the best port for exports of LNG to Asia Pacific markets Local land use permits for terminal and pipeline are in hand Development is highly supported by…
Midstream: Hythe/Steeprock Growth Opportunities Veresens Hythe plant is the largest processing facility in the south Montney Tie-ins have been completed to allow for 40 mmscf/d sour expansion to be performed online Options…
Midstream: Leveraging our Strategic Footprint Large, underlying resource with multi-zone development potential (Montney, Cadomin, Doig) Encana holds over 1 million acres of land and 500 mmcf/d of production in Cutbank…
Distributable Cash Guidance 2014 Guidance(1) (/Share) Low High Alliance 0.63 0.64 Ruby 0.07 0.07 AEGS 0.08 0.09 Hythe/Steeprock 0.33 0.33 Aux Sable Fixed 0.16 0.16 Variable 0.05 0.12 Power 0.20 0.22 General and administrative (0.14)…
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