NGA Pre Winter Meeting

Transcription

1 NGA Pre Winter Meeting Mike Dirrane Director of Marketing November 6, 2014 Westboro, MA

2 Spectra Energy U.S. Transmission Map Miles of Pipe 13,297 Number of Compressor Stations 129 Total Horsepower 2,147,488 Spectra Energy Corp 2

3 Algonquin Gas Transmission Spectra Energy Corp

4 Algonquin Gas Transmission 2014 Summer Maintenance Activities Miles of pipe inspections miles Anomaly repairs 40 Anomaly locations Compressor units inspected 30 out of 31 units Hanover 3 units all Stony Point 7 units all Southeast 3 units all Oxford 3 units 2 Cromwell 8 units all (includes 4 overhauls) Chaplin 2 units both (one overhaul) Burrillville 5 units all (one overhaul, three extensive) Spectra Energy Corp 4

5 Algonquin Gas Transmission Monthly Deliveries 45,000 40,000 35,000 30,000 25, % 0.3% 38% of Total 19.0% 4.7% 45% of Total 29.4% 4.2% 46% of Total 23.3% 12.3% 46% of Total Mdth 20,000 15,000 10,000 5,000 0 May Jun Jul Aug Prev 5yr Avg Pwr 2013 Pwr 2014 Pwr Prev 5yr Avg Non Pwr 2013 Non Pwr 2014 Non Pwr Spectra Energy Corp 5

6 Algonquin Gas Transmission Top 25 Summer Days MDth/d Spectra Energy Corp 6

7 Algonquin Gas Transmission Supply Diversity (MDth/d) Operator Sep 11 Aug 12 Sep 12 Aug 13 Sep 13 Aug 14 Texas Eastern Tennessee Mahwah Transco Columbia Hanover Millennium West End Supply Maritimes Everett Northeast Gateway Tennessee Mendon East End Supply Spectra Energy Corp 7

8 Texas Eastern Transmission Appalachian Shale Supply Interconnect Program UTICA MARCELLUS 64 Requests In Service & Under Agreement (Requested tap & posted M&R capacity) Current Appalachian Shale Supply 21.4 Bcf/d 3.7 Bcf/d 42 In Service (posted M&R capacity) 11.5 Bcf/d 22 In Progress & Under Agreement (Scheduled 2014 In Service) 9.9 Bcf/d 4,000,000 Texas Eastern Appalachian Shale Supply Growth 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , Spectra Energy Corp 8

9 Texas Eastern Transmission Appalachian Supply Projects Gulf Markets NEXUS U2GC TEAM South Access South TEAM 2014 OPEN Appalachia to Market Adair Southwest Execution Project In Service Capacity (MDth/d) TEAM South 3Q TEAM Q OPEN 2H U2GC 2H Gulf Markets 2H NEXUS 2H 17 1,500 Development Project In Service Capacity (MDth/d) Adair Southwest Access South Appalachia to Market ,000 Midwest Power Gen Spectra Energy Corp 9

10 Meeting New England and Atlantic Canada Natural Gas Infrastructure Needs Maritimes & Northeast Texas Eastern Algonquin Maritimes & NE Millennium Iroquois Tennessee Gas ALGONQUIN BOSTON AGT CG 1 $8.42 Algonquin Expandable by 1.5 Bcf/d Texas Eastern NEW YORK M3 1,2 $ Average Monthly October 2014 September 2015 forward natural gas price ($/Dth) as of September M3 average trading at $0.10 discount to Henry Hub Note: Blue arrows represent increasing supply, red arrows represent decreasing supply Spectra Energy Corp 10

11 Algonquin Incremental Market (AIM) Expansion Purpose: To provide growing New England demand with access to abundant regional natural gas supplies Project Scope: Provides 342 MMcf/d of additional capacity to move Marcellus production to Algonquin City Gates CapEx: $1 B Customers (15 year terms): LDC Affiliates of: UIL Holdings Northeast Utilities National Grid NiSource City of Norwich Middleborough Project Status: Pre filed with FERC Jun 2013 Filed FERC application Feb 2014 Expect FERC certificate 1Q15 Commence construction 2Q15 In service 2H16 Preliminary Facilities: Take up segments of 26 pipeline and replace with 42 ; one segment of 36 loop; reinforcement of existing laterals; construction of new lateral Horsepower additions and modifications at 5 existing compressor stations New meter station installations and modifications to existing meter stations Spectra Energy Corp 11

12 Atlantic Bridge Moving abundant, economic supplies of natural gas from the Marcellus & Utica to constrained New England markets Project Scope: CapEx: ~$900 MM Capacity: 175 MMcf/d (with potential to 300 MMcf/d) Customers: Late stage negotiations with various local distribution companies in New England and Atlantic Canada Project Status: Estimated in service: 2H17 Preliminary Facilities New compressor station, upgrades of existing compressor stations and meter station modifications Pipeline looping and take up and relay Spectra Energy Corp 12

13 Access Northeast Project New England Reliability Solution Direct delivery to critical power plants Scalable expansion of existing pipelines Direct access to natural gas supply through multiple existing interconnects New firm service to accommodate generation needs utilizing regional storage assets Additional delivery points to access gas for LDCs In service date as early as 2018 Tennessee Gas Millennium Texas Eastern Iroquois NEW YORK Maritimes & Northeast BOSTON 17 Algonquin Gas Transmission Generation served by AGT 1 ANP Bellingham 2 Bellingham 3 Dartmouth Power 4 Dighton Power 5 Kleen Energy 6 Lake Road 7 Manchester Street 8 Milford Power 9 Ocean State Power 10 Genconn Power 11 Fore River 12 Tiverton 13 Wallingford Energy 14 Brayton Point 15 CMEEC Pierce Power 16 Middletown 17 Mirant Canal 18 Montville 19 Potter Street (BELD I) 20 TMLP 21 Watson Generating (BELD II) Generation served by M&N 22 Newington 23 Casco Bay 24 Bangor Gas 25 Westbrook 26 PSNH Newington Spectra Energy Corp 13

14 Texas Eastern Transmission NJ NY Capacity Utilization 800,000 NJ NY Lease Receipt Manhattan Delivery NJ NY Capacity 700, , ,000 Dth 400, , , , /1/13 12/1/13 1/1/14 2/1/14 3/1/14 4/1/14 5/1/14 6/1/14 7/1/14 8/1/14 Spectra Energy Corp 14