A Leading North American Energy Infrastructure Company Enterprise value of 59 billion Three core businesses: Natural Gas Pipelines Energy Oil Pipelines 4
TransCanada Employees 4,900 dedicated employees in: Seven Provinces 31 States Mexico 5
Natural Gas Pipelines 68,500 kilometres of pipeline Delivering 20 per cent of North Americas gas supply Third-largest natural gas storage provider 6
Energy Canadas largest private sector power generator 21 power facilities operating or in development Generating capacity 11,800 MW, enough for 12 million homes 7
Oil Pipelines Keystone delivers 20 per cent of Canadian oil to U.S. markets Growing upstream system to connect wellheads to refineries Pursuing Energy East Pipeline to connect Western producers with Eastern markets 8
Developing North Americas Energy Future Placed 13 billion of new assets into service in last three years 9
2012 and Q1 2013 Financial Highlights 10
North Americas Energy Infrastructure Requirements 11
Changing Energy Landscape Three Themes Abundant natural gas supply Growing oil supply Shift away from coal-fired power 12
Changing Energy Landscape Great challenges, Great opportunity 13
Vision for the Future Secured 16 billion in new projects in the past year 25 billion for completion by 2020 14
Moving Off Coal Coal-fired power generation is the 1 source of electricity in the U.S. and 1 source of GHGs. Emissions from oil sands only 3.5 per cent of U.S. coal fleet 15
TransCanada Energy Projects Bruce Power Worlds largest nuclear power facility 6,300 MW of emission-free energy 25 per cent of Ontarios power supply 16
TransCanada Energy Projects Cartier Wind Canadas largest wind farm 590 MW under 20-year PPA with Hydro Quebec 17
TransCanada Energy Projects Canadian Solar 476-million investment 86 MW in nine projects Revenues expected to begin in 2013 18
TransCanada Energy Projects Napanee Generating Station 1-billion investment 900 MW combined cycle, natural gas power plant Expected to begin operation by 2018 19
Shale Gas Rising Unconventional gas production has shifted supply and demand Lower prices and new production have increased competition for gas pipelines 20
Challenges for our Natural Gas Pipelines Shift towards short-haul, short- term contracts Comprehensive restructuring of Mainline tolls and services 21
Growing Natural Gas Supply & Demand 13 billion in new natural gas pipeline projects 22
Mexico US1.9 billion in new projects contracted 23
British Columbia LNG Two proposed LNG pipelines across Northern British Columbia - 9 billion 24
NGTL Expansion 650 million in upgrades to NGTL System last year 2 billion more by 2015 25
Oil Production Booming Crude oil production to grow three million bbl/d by 2020 26
Where Will the Oil Go Displacing offshore imports: U.S. Gulf Coast imports 4.5 million bbl/d Eastern Canada imports 700,000 bbl/d U.S. East Coast imports 900,000 bbl/d 27
Keystone Pipeline Began operation in July 2010 Safely delivered more than 400 million barrels to U.S. markets EBITDA grew to more than 700 million in 2012 28
Gulf Coast Pipeline US2.5-billion project Construction is 70 per cent complete Will begin transporting 700,000 bbl/d when placed in service at the end of this year 29
Keystone XL More than US5.3-billion project 830,000 bbl/d capacity Potential to displace more than 10 per cent of American overseas crude imports 30
Grand Rapids & Northern Courier Connecting growing oil sands production 2.5 billion in new projects underpinned by long-term contracts Expected in service 2014-2017 31
Energy East Pipeline Project Converting Mainline capacity to oil service Up to 850,000 bbl/d to Montreal, Qubec City and Saint John Very strong commercial interest and political support Target in service by end of 2017,…