Gas Distribution Glenn Beaumont President, Enbridge Gas Distribution E n b r i dg e Da y 2 0 1 4
Key Messages Strong business fundamentals Approval of incentive regulation model provides a solid foundation for continued investment GTA project approval provides flexibility, reliability and access to supply basins for gas…
Business Fundamentals Strong competitive position and continued growth Natural gas remains competitive vs. other fuels Customer additions remain steady New majority Liberal government in Ontario supports expanding access to natural…
Custom Incentive Regulation Plan A solid foundation for continued investment First Custom IR plan Current ROE Forecasts (2014 2018) approved in Ontario 12% Five-year plan (2014 - 2018 10% inclusive) 8% Fair and balanced…
Custom Incentive Regulation Plan - Capital Approval of five-year estimated capital to meet customer growth and system expansion 1,000 800 GTA Millions 600 WAMS 400 Core 200 0 2008 2009 2010 2011 2012 2013 2014…
GTA Project Provides increased capacity, reliability and supply diversity for gas customers Segment A Approved by Ontario Segment B Energy Board in January Increases capacity/reliability in the GTA/downtown Toronto Provides…
Gas Supply Focused on ensuring customer access to sufficient supply at lowest cost Increasing supply diversity - Access to Marcellus/Utica Optimizing transport - Reducing distance for winter needs 2015 2018 WCSB Chicago…
Natural Gas Storage Increased storage facilities to protect customers from cost variability Access to Dawn storage key to managing price volatility for customers More reliance on storage in future Increased storage…
TCPL Capacity Requirements Ensure no impairment of customer supply access or increased Eastern Canada rate base burden Retention of required existing capacity and access Continued economic/ industrial competitiveness vs. nearby…
Key Takeaways Business fundamentals remain strong Incentive Regulation model provides stability First of its kind, custom plan in Ontario that allows for required investments GTA Project Approval provides increased flexibility,…
Q&A Glenn Beaumont President, Enbridge Gas Distribution E n b r i dg e Da y 2 0 1 4
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