Pipeline & Energy Services Steven L. Bietz President & CEO Building A Strong America 12
Pipeline & Energy Services Regulated operations 3,800 miles of pipeline Over 1 Bcf/d system capacity 13 interconnecting points 3 storage fields with 193 Bcf working storage capacity Non-regulated operations 1,600 operated miles of…
WBI Energy Strategy Double invested capital with corresponding earnings growth Invest in infrastructure Enhancements to existing pipeline systems Expand midstream business Returns focused Rockies focused Leverage our strengths…
Dakota Prairie Refinery May 29, 2013 June 29, 2014 15
Dakota Prairie Refinery Construction began in March 2013 Approx. 600 craft labor on site Approx. 80% complete Projected to be on line late 2014 Approx. 1.0 million labor hours have been worked to date Projected cost 350 million split…
Dakota Prairie Refinery 67 of 81 staff positions filled including all supervisory positions Will hire up to 90 over time 17
MDUR Businesses Working Together Knife River Montana Dakota Utilities WBI Energy CSG Wagner Industrial Fidelity E&P 18
Dakota Prairie Refinery Process Bakken crude 20,000 barrels/day Diesel fuel, market locally Naphtha and heavier crude, rail ND diesel consumption increased 78% in past five years Consumption is approx. 55,000 bpd, expected to…
Paradox Basin 24 miles of 12 inch pipe Capture Fidelity gas Pipeline & Energy Services Processing facilities Initial capacity of 4.5 MMcf/d Expansion to 9.0 MMcf/d In-service in October 20
2014 Growth Related Capital Projects Garden Creek Pipeline Black Hills Pipeline 15.5 miles of 16 inch pipe 17 miles of 12 inch pipe Approx. 200 MMcf/day 12.5 MMcf/d firm capacity sold Placed in-service in August In-service in…
Rate Case First rate case since 1999 (filed in October 2013) Settlement reached with customers in April 2014 Rates effective May 2014 Final commission approval received in August 2014 Annual revenue increase approx. 11.5 million…
Pipeline & Energy Services YTD Adjusted Earnings (millions) 10.1 Higher earnings from Pronghorn natural gas and oil midstream assets 4.9 Higher transportation rates and volumes Lower O&M expense Partially offset by: Lower…
Bakken Opportunities Through Growing Production Pipeline Bakken Oil Bakken Natural Gas (MMcf/d) Historical & Forecast (MBO/d) 2,750 Historical Forecast 3,900 3,600 Energy 2,500 3,300 2,250 3,000 Service 2,000 1,750…
Proposed Dakota Pipeline 375-mile 24-inch pipe would transport Bakken natural gas from western ND to northwestern MN Would provide interconnections with pipelines owned by Great Lakes Gas Transmission, Viking Gas Transmission and…
Proposed Dakota Pipeline Route 26
Wind Ridge Pipeline Project Designed to provide natural gas service to CHS announced fertilizer facility near Spiritwood, ND 95 miles of 16 inch pipe Projected cost 120 million Initial capacity 90 MMcf/d Potential for additional…
Other Opportunities Pursuing Bakken field gathering, processing and pipeline opportunities Ethane lines Refinery related projects LNG opportunities Pipeline & Energy Services 28
Growth in Invested Capital 1,400 1,200 Dakota Pipeline 1,000 800 Wind Ridge Project 2015-2018 Projects 600 Dakota Prairie Refinery Pronghorn 400 Other Projects 200 12/31/2011 - (Millions) Pipeline & Energy Services…
Outlook Startup of Dakota Prairie Refining Paradox Basin 2014 regulated growth projects Garden Creek Pipeline Black Hills Pipeline Rate case settled Proposed Dakota Pipeline Wind Ridge pipeline project Other opportunities…
Pipeline & Energy Services Building A Strong America 31
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