Overview 2016e EBITDA* U.S. Transmission 1,780MM Liquids 250MM Outstanding asset footprint provides a stable base business and a well-positioned platform for ongoing expansion Solid fee-based revenues and long term…
Spectra Energy Liquids: Near-term growth from a solid base Stable revenue platform with measured, incremental on-system growth in the near-term HARDISTY Express Pipeline Uniquely situated cross-border pipeline Fee-for-service revenue…
U.S. Transmission: Strong and Growing Portfolio * As presented 2/4/16 2016e EBITDA EBITDA with Growth Projects (MM) 2,500 2,000 Execution Projects U.S. Transmission 1,780MM 1,500 Liquids Incremental EBITDA 250MM 1,000 from…
U.S. Transmission: Revenue Stability in Base Business U.S. Transmission Reservation Revenue (Based on transmission revenues for 12 months ended 12/31/15) 1 98% 97% 99% 96% 96% 95% 95% 0.8 2015 Usage & Other Revenue 2015…
U.S. Transmission: Execution Projects On Track UST executing on 6B of projects that will deliver Atlantic Bridge 80% 19 yrs 700MM EBITDA by 2020 UST expansion capital Average Salem is demand pull contract term Dawn Lateral AIM…
Project Snapshot NEXUS 250 mile greenfield pipeline connects Appalachian supply with Dawn Hub; serving LDCs, power generators, and industrials Project Scope: Union Gas transmission & Ontario markets MI Great Lakes 1.5 Bcf/d capacity…
Project Snapshot Access Northeast Maritimes & Northeast Project Scope: Joint development with Eversource and AGT and M&N systems directly connect to 60% of ISO-NEs PORTLAND National Grid gas-fired generators 3 billion (100%); 900…
Fundamentals Matter We go where the lights are Assets Connecting diverse supply & regional demand 95% fee-based with minimal volume risk Business model 95% revenues secured by I/G counterparties Originate, finance and execute on…