Driving Synergies Across our Business Lines 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
A Clear Growth Strategy Optimize our existing assets Drive productivity Recontracting Alliance Grow where we have strategic advantage Midstream: Western Canada and Alliance Pipeline/Aux Sable footprint Pipelines: Alliance…
Alliance Re-contracting Fundamentals 6 bcf/d of natural gas currently produced in gathering area New rich gas being developed near pipeline system from growing supply basins in western Canada and North Dakota, including the…
Alliance/Aux Sable Value Proposition Western Canada remains a significant net exporter of natural gas: high productivity rich gas wells are more than replacing production declines from dry gas areas Immediate access to market for…
Alliance Re-contracting Status Alliance filed an application with Canada's NEB for regulatory approval of the tolls and tariff provisions required to implement its proposed new services on May 22, 2014 New services reflect extensive…
Aux Sable Rich Gas Premium (RGP) Agreements Aux Sable continues to negotiate new RGP agreements with producers who are developing new liquids-rich fields in areas within Alliances capture zone Aux Sable holds RGP agreements with:…
Jordan Cove LNG Project Terminal Pipeline 6 MMTPA facility expandable to 9 MMTPA Initial design capacity of 1.2 Bcf/d 320-acre site, two 160,000 m3 containment LNG 234-mile, 36-inch diameter pipeline tanks, marine facility and power…
Jordan Cove has the Essential Characteristics for an Optimal Export Facility Diversified gas supply from both Canada and the United States, primarily accessed through existing gas pipeline systems Advantaged port; short access to…
Highly Competitive with Unique Advantages Diversified gas supply Existing pipelines Ideal access to Asia Kitimat / Prince Rupert 9 shipping days to Asia Jordan Coves shipping Jordan Cove costs are a significant economic…
Ideal Location on West Coast of North America Short egress to and from the Jordan Cove slip to the Pacific Ocean 1.5 hour tug assisted transit along clear, open 7-mile channel International Port of Coos Bay: U.S. Federal…
Natural Gas Price Gap: Japan LNG vs. North America Prices 20 18 16 Average Japanese 14 LNG Import Price US/MMBtu 12 Jordan Cove DES 10 cost into Japan 8 Includes all-in cost estimates for: 1. Pacific Connector 6 2.…
Jordan Cove LNG, in Southwest Oregon, Can Be Achieved Coos Bay, Oregon, is the best port for exports of high-value LNG to Asia Pacific markets Local land use permits for terminal and pipeline are in hand Development is highly…
DOE Approved Applications DOE FERC Order of Application Non-FTA Processing LNG Facility Capacity Status Application Location Sabine Pass Completed Liquefaction 2.2 bcf/d Approved Approved Gulf Coast Freeport LNG Completed Expansion 1.4…
Applications Approved for Long-term Canadian Natural Gas Supplies to Flow through Jordan Cove LNG Canada: National Energy Board Approved Export application to allow for exports of natural gas from Canada to the United States. 25-year…
The Path Forward - DEIS Regulatory/ - FEIS Permitting & - Order to Proceed EPC - EPC Contract - Negotiate LTSA and TSA Commercial with off-take customers FID for 100% of capacity - Financial advisor selected (Macquarie…
Estimated Certification & Development Schedule Dec Feb/June Q2 Q1 Q2 Q4 Q1 Q4 2018/ 2011 2012 2013 2014 2014 2014 2015 Q1 2019 Received DOE JCEP/PCGP Issue FID Export File Formal power License FERC plant siting Notice to to FTA…
EBITDA(1) by Business Segment(2) 500 ( millions) 450 400 Power 350 300 Midstream 250 Pipelines 200 150 (1) Non-GAAP measure; see MD&A 100 (2) Before Veresen corporate costs 50 (3) Based on midpoint of guidance published May…
Distributable Cash per Share () 1.50 1.25 Dividends paid 1.00 Aux Sable Variable Aux Sable Fixed 0.75 Non-Aux Sable, net of tax 0.50 0.25 (1) Based on midpoint of guidance 0.00 published May 6, 2014 2009 2010…
Distributable Cash Guidance 2014 Guidance(1) (/Share) Low High Alliance 0.67 0.69 AEGS 0.09 0.09 Hythe/Steeprock 0.34 0.35 Aux Sable Fixed 0.15 0.16 Variable 0.01 0.21 Power 0.16 0.20 General and administrative (0.14) (0.12) Debt…
Supplementary Information
Pipelines Alliance Pipeline 50% ownership; 3,000-km high-pressure, rich-gas pipeline Linked with Aux Sable to form a unique, high value, total energy delivery system Firm capacity of 1.325 bcf/d; expandable to 1.825 bcf/d at…
Alberta Ethane Gathering System (AEGS) 100% ownership (since 2004; system constructed in 1977, with major contract- based expansion in 1999 1,334 km integrated system connecting ethane sources to storage and petrochemical…
Midstream Aux Sable (Chicago) 42.7% ownership; NGL extraction, fractionation and delivery system; fractionated into ethane, propane, butane, and condensate Capable of processing 2.1 bcf/d of gas and can produce over 100,000 bbls/d of…
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…
Power 1,060 MW (gross) in operation, construction or development Cash flows primarily generated under long- term contracts (average remaining term of 10.9 years for operating assets and 26.6 years for assets under construction)…
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