Our Strategy We leverage the strength of our assets and expertise along the energy value chain to connect customers with premier energy solutions from the wellsites of upstream producers to the doorsteps of homes and businesses, to…
Low-Risk, High-Growth Utility and Midstream Company Steady and predicable Utility business and high growth integrated Midstream assets provide a strong foundation to deliver attractive risk adjusted returns Opportunity-Rich…
Repositioning the Business Transition to a low-risk, high-growth Utilities and Midstream Company; EBITDA 70% U.S. 2017 Normalized EBITDA1 2019E Normalized EBITDA1 2 Power 12% Power Utilities 37% 36% Midstream Utilities 37%…
U.S. Utilities Provide Stable and Predictable Returns Economically strong and high-growth jurisdictions: District of Columbia, Maryland, Virginia, Michigan and Alaska Low-risk, growing cash flows Rate Base (US billions) US3.7…
Premier Midstream Business Connecting Canadian Producers to Global Markets Fully integrated midstream offering leveraging the entire value chain and Canadas first propane export terminal Montney Basin Key Assets: Strategic…
Near-Term Operational Priorities Priorities Actions First cargo out of Complete construction and initiate operational phase RIPET early Q2 2019 Introduce feedstock to fill the LPG tank First cargo in May 2019 Volumes increased to…
De-leveraging Program on Track 2 billion reduction in net debt year-to-date Net Debt1 ( billions) 3 billion 2019 Plan Supports in debt repayment Lower debt and stronger balance sheet 10.1 Improving net debt/EBITDA Retained cash…
Announced 1.3 Billion of Non-Core Asset Sales Well-positioned to achieve 2019 asset sales target of 1.5 - 2 billion Distributed Generation Assets Stonewall Gas Gathering System Included 322 MW of contracted 1.4 Bcf/d, 67-mile…
Midstream Segment 11
Our Midstream Strategy is Straightforward Midstream Leverage RIPET and our integrated value chain to attract volumes Continue to build upon our export competency Capitalize on growing Canadian supply Global Export Leverage our…
RIPET: Canadas First West Coast Propane Export Terminal Improving western Canadian producers netbacks by providing access to premium Asian markets Attracts additional volumes through AltaGas midstream value chain, maximizing…
RIPET Netback Advantage RIPET provides enhanced netbacks to producers At current propane prices1 the RIPET advantage is 80% increase in realized price Alberta3 RIPET Advantage (US/bbl) US 6.20/bbl 2019 FWD AFEI1 29.90 Ft.…
Initial Investment in Montney Midstream Assets Sets the Stage for Significant Organic EBITDA Growth Opportunities Montney Operating Capacity Canadian Midstream Normalized EBITDA1 800 24,000 ( millions) BASE GAS PROCESSING TOWNSEND GAS…
Utilities Segment 16
Utilities Strategy - Drive Operational Excellence Utility Maintain safe and reliable infrastructure Enhance overall returns via complementary business Utilities Distribution Leverage scale of distribution footprint Attract and…
Our Utility Business Operating Model Safe and reliable, high-growth competitive strategy Opportunities Improve business processes and drive down operating costs; reinvest O&M savings into improving the customer experience…
Rate Case Update Focused on Timely Recovery of Capital Maryland CINGSA August 30th settlement agreement for 27 Rate case decision issued August 2019 million increase in base rates ROE lowered from 11.875% to 10.25% Commission…
Rate Case Status 2018 2019 2020 2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q4 Q1 Q4 APR. Aug. Sept. Nov. Maryland Rate Case Filed Settlement Final New (36M1, 10.4% ROE) Reached Decision Rates JUL. JAN. LATE 2019 Virginia Rate Case Filed…
Appendix 21
Supportive Regulatory Environment for Utilities 2018 YE Allowed ROE Average Utility Rate Base Customers and Equity Regulatory Update (US) Thickness Distribution rates approved under cost of service model. Projected test year used…
Supportive Regulatory Environment for Utilities 2018 YE Average Allowed ROE and Utility Rate Base Regulatory Update (US) Customers Equity Thickness Distribution rates approved under cost of service model. Rate case filed in July 31,…
Accelerated Replacement Program Utility Location Program Main Replacement Program (MRP) expires in 2020. Rate case filed in May seeks approval for MRP extension for 2021-2025 with total spending to be US60M, and introduction of a new…
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