panhandle eastern pipe line and trunkline...

Panhandle Eastern

Pipe Line

and Trunkline Gas2016 Summer Operations Meeting

Agenda

Energy Transfer Update

Operational Overview

Market Services Update

Energy Transfer Update

Joey Colton

Sr. Director - Optimization

ENERGY TRANSFER

BUSINESS UNITS

4

Transporting

volumes equal to

more than 20%

of U.S. natural

gas production

Over 4.25 Bcfd

processed and

370 Mbpd of

NGL produced

Fractionating 12%

of NGL volumes

in Mont Belvieu

with plans to more

than double

capacity

Transport

~15% of

crude oil in

the U.S.

Represents

15% of current

approved

U.S. LNG

exports

Supply ~5% of

U.S. retail

gasoline sales

LEADINGnon-refining

gasoline

distributor

in the U.S.

3rd

LARGESTG&P player and

3rd largest

NGL producer in

the U.S.

2nd

LARGESTtransporter of

natural gas in

the U.S.

4th

LARGESTNGL

business in

Mont Belvieu

3rd

LARGESTMLP

transporter of

crude oil in the

U.S.

2nd

LARGESTplanned LNG

Export facility

in the U.S.

Natural Gas NGLs Crude Oil

INTERSTATE COMMERCIAL TEAM

5

Beth HickeySenior Vice President

Market Services

Panhandle / Trunkline / Sea Robin

Marketing and Business

Development

Gas Control and Facility Planning

Transwestern / Tiger / FEP


Development


Florida Gas Transmission


Development


Regulatory Affairs

21.9%

Interstate20.2%

20.2%

12.8%

10.2%

9.5%

5.2%

2015 Segment Adjusted EBITDA

Midstream

Interstate

Sunoco Logistics

NGL services

Retail marketing

Intrastate

All other

ENERGY TRANSFER PARTNERS

OPERATING SEGMENT EARNINGS

6Per Energy Transfer 2015 10-K.

In Service to

Market Zone

North

November

2017

In Service to

Midwest Hub

June

2017

Construction

Authorization

Anticipated

Q1 2017

Anticipated

Issuance of

FERC Certificate

October 2016

Filed FERC

Certificate

Application

February

2015

FERC Pre-Filing

Request

July2014

ROVER PIPELINE

For more information visit www.roverpipelinefacts.com7

http://www.roverpipelinefacts.com/

Train 1 In-service Anticipated

2020

FID

2016

FERC Approval

December2015

FERC Filing

March2014

DOE Non-FTA Approval

August2013

DOE FTA Approval

July2011

TRUNKLINE LNG

LIQUEFACTION UPDATE

8

Operational Overview

Joey Colton

Sr. Director - Optimization

WINTER 2015-16 WEATHER

10


11


12

SUMMER OUTLOOK

13

SUMMER OUTLOOK

14

SUMMER OUTLOOK

15

PANHANDLE FIELD ZONE WINTER

PRICE VOLATILITY

16

CONSUMERS

WINTER PRICE VOLATILITY

17

MICHCON

WINTER PRICE VOLATILITY

18

PEPL FIELD ZONE TO MICHCON

WINTER TRANSPORTATION SPREAD

19

Max Min Avg

2015-16 0.49$ (0.25)$ 0.12$

2014-15 6.49$ (0.30)$ 0.40$

2013-14 30.71$ (15.57)$ 2.38$

2012-13 0.32$ (0.08)$ 0.08$

TRUNKLINE Z1A TO CONSUMERS GAS

WINTER TRANSPORTATION SPREAD

20

Max Min Avg

2015-16 0.26$ 0.00$ 0.08$

2014-15 8.81$ 0.02$ 0.43$

2013-14 32.47$ 0.04$ 3.38$

2012-13 0.31$ 0.06$ 0.16$

WINTER PEAK DAYS THROUGH HOUSTONIA

2011 through 2016

1,000,000

1,100,000

1,200,000

1,300,000

1,400,000

1,500,000

1,600,000

11 12 13 14 15 11 12 13 14 15 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16November December January February March

AVG PEAK – HOUSTONIA

2011 through 2016

850,000

900,000

950,000

1,000,000

1,050,000

1,100,000

1,150,000

1,200,000

1,250,000

1,300,000

1,350,000

11 12 13 14 15 11 12 13 14 15 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16

November December January February March

WINTER PEAK DAYS THROUGH INDEPENDENCE

2011 through 2016

450,000

650,000

850,000

1,050,000

1,250,000

1,450,000

11 12 13 14 15 11 12 13 14 15 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16

November December January February March

NATURAL GAS STORAGE –

UNITED STATES

24

CUSTOMER STORAGE INVENTORY

25

PANHANDLE STORAGE FUEL

26

STORAGE FUELS WITHDRAW

<30% <10%

(IOS) IN/OUT STORAGE 1.02%

(IIOS) INTERRUPTABLE IN/OUT 1.02%

(WS) WINTER STORAGE (FIELD) 1.02% 75% 60%

(WS) WINTER STORAGE (MARKET) 1.60% 75% 60%

(IWS) INTER. WINTER STORAGE (FIELD) 1.02% 75% 60%

(IWS) INTER. WINTER STORAGE (MARKET) 1.60% 75% 60%

(PS) PEAKING STORAGE 1.60% 44% 11%

(FS) FLEXIBLE STORAGE (FIELD) 1.02%

(FS) FLEXIBLE STORAGE (MARKET) 1.60%

1.71%

INJECTION RACHETS

1.71%

1.71%

2.31%

1.71%

2.31%

2.31%

1.71%

2.31%

PANHANDLE TRANSPORT FUEL

27

FUEL

GATHERING 0.34%

FIELD ZONE TO HAVEN 0.52%

FIELD ZONE TO DOWNSTREAM HAVEN 0.82%

1.12%

1.42%

1.72%

2.02%

2.32%

2.62%

2.92%

3.22%

3.52%

201-300 0.90%

TRANSMISSION

MILES

FUEL FROM

HAVEN

001-100 0.30%

101-200 0.60%

301-400 1.20%

401-500 1.50%

501-600 1.80%

601-700 2.10%

701-800 2.40%

801-900 2.70%

901-1000 3.00%

TRUNKLINE TRANSPORT FUEL

28

1.13%

1.59%

2.07%

2.72%

1.29%

1.77%

2.42%

1.31%

1.96%

1.48%

0.39%

FIELD ZONE TO ZONE 2

FIELD ZONE ONLY

FIELD ZONE TO ZONE 1A

FIELD ZONE TO ZONE 1B

ZONE 1B TO ZONE 2

ZONE 2 ONLY

BACKHAULS

ZONE 1A ONLY

ZONE 1A TO 1B

ZONE 1A TO ZONE 2

ZONE 1B ONLY

PIPELINE MAINTENANCE

29

Pipeline maintenance

2016 OUTAGE AND MAINTENANCE

SUMMARY

30

Start Date End Date Location Unit(s) Maintenance Anticipated Impact Impacted Meters

03/16/2016 06/17/2016 Macon/Boody M&R Upgrade meter Ameren Illinois Macon Meter (02199)/Boody Meter (02258) Out of Service Location #PEAIC

03/21/2016 04/04/2016 Pleasant Hill 200 Line Pipe replacement No Impact to Shippers Expected None

03/28/2016 04/01/2016 Haven 200 Line Pipe replacement No Impact to Shippers Expected None

04/04/2016 04/18/2016 Pleasant Hill 200 Line Pipe replacement No Impact to Shippers Expected None

04/04/2016 04/13/2016 Montezuma 200 Line Anomaly digs No Impact to Shippers Expected None

04/11/2016 04/15/2016 Satanta 100 Line Sleeves Ryus Booster, Satanta Field Demarcation, Ulysses Demarcation Out of ServiceLocations #RYUSX, #SATAN,

#ULYSS

04/12/2016 04/12/2016 Cashion Station Isolation ESD Capacity through Cashion will be limited Location #10632

04/21/2016 04/21/2016 Alva Station Isolation ESDOperators upstream of the Alva Station may experience highler line pressures, but no impact to Shipper

nominations is expected.None

04/25/2016 04/29/2016 Olpe 400 Line Sleeve No Impact to Shippers Expected None

04/25/2016 04/29/2016 Olpe 400 Line Sleeve No Impact to Shippers Expected None

04/25/2016 05/09/2016 Georgetown M&R Upgrade Meter Ameren Illinois Georgetown Meter (02122) Out of Service Location #PEAIC

05/04/2016 05/07/2016 Clinton 100 Line Hydrotest No Impact to Shippers Expected None

05/09/2016 05/27/2016 Cashion 2302 Minor AI Capacity through Cashion will be limited Location #10632

05/16/2016 05/19/2016 Clinton 200 Line Hydrotest No Impact to Shippers Expected None

05/23/2016 05/26/2016 Centralia 400 Line Sleeves Interruptible and Secondary Out of Path nominations are subject to scheduling reductions. None

05/23/2016 05/24/2016 Glenarm 1118-19 Discharge Header No Impact to Shippers Expected None

05/23/2016 07/15/2016 Edgerton 100 Line Anomaly Digs No Impact to Shippers Expected None

05/25/2016 06/14/2016 Haven 400 Line Hydrotest Interruptible and Secondary Out of Path nominations are subject to scheduling reductions. None

06/06/2016 06/24/2016 Cashion 2301 Minor AI Capacity through Cashion will be limited Location #10632

06/13/2016 07/01/2016 Houstonia Unit 817 Minor AI Interruptible and Secondary Out of Path nominations are subject to scheduling reductions. None

06/15/2016 09/06/2016 Battle Creek Lateral #1 ILI Build Out Battle Creek #1 Meter (02618) Out of Service Location #SEMIC

06/20/2016 07/01/2016 Maumee 200 Line Anomaly Repairs No Impact to Shippers Expected None

06/21/2016 08/01/2016 Olpe 200 Line Hydrotest No Impact to Shippers Expected None

06/22/2016 06/24/2016 Jacksonville Lateral Relay Ameren Illinois Jacksonville Meter (09166) Out of Service Location #PEAIC

07/04/2016 08/12/2016 Tuscola 200 Line River Bore/Relays/Launcher No Impact to Shippers Expected None

07/05/2016 10/24/2016 Zionsville 100 Line Relay/HDD/Couplings No Impact to Shippers Expected None

07/11/2016 08/12/2016 Beardstown M&R Upgrade meter Ameren Illinois Beardstown Meter (02212) Out of Service Location #PEAIC

07/18/2016 07/22/2016 Clinton Lateral Clinton Odorizer replacement Clinton Meter (02580) Out of Service Location #MGS

08/01/2016 08/31/2016 Detroit Measurement Station Replace Meter Runs DTE Detroit Meter (02513) Out of Service Location #MCON

08/08/2016 08/31/2016 Houstonia 200 Line Hydrotest No Impact to Shippers Expected None

08/22/2016 09/02/2016 Houstonia 200 Line Anomalies No Impact to Shippers Expected None

09/08/2016 10/12/2016 Centralia 200 Line Hydrotest No Impact to Shippers Expected None

09/12/2016 09/16/2016 Houstonia 300 Line Anomalies No Impact to Shippers Expected None

09/12/2016 10/07/2016 Jerseyville M&R Upgrade meter Ameren Illinois Jerseyville Meter (02252) Out of Service Location #PEAIC

09/19/2016 09/21/2016 Centralia 300 Line Anomalies No Impact to Shippers Expected None

09/21/2016 09/23/2016 Louisburg 300 Line Anomalies No Impact to Shippers Expected None

09/26/2016 09/30/2016 Haven 400 Line AnomaliesCapacity through Haven will be limited; Interruptible and Secondary Out of Path nominations may be

restricted.None

Thank You

Questions?

Market Services Update

Brad Holmes

Vice President Market Services

Nominations,

Scheduling and

Capacity Release

Timelines

Changes Effective April 1, 2016

DETAILS

The Wholesale Gas Quadrant (WGQ) of the North American Energy Standards Board

(NAESB) published new and revised standards (Version 3.0) governing coordination of the

scheduling processes of interstate natural gas pipelines and public utilities in October 2015.

FERC incorporated these and previous changes in its regulations in Order No. 809 to be

implemented on April 1, 2016.

Major changes:

• Timely nomination deadline will move from 11:30 AM to 1:00 PM.

• A new grid-wide Intraday 3 cycle will provide an additional opportunity for nomination

and capacity release transactions.

• Capacity release timelines will change to provide the opportunity to acquire capacity

prior to the revised nomination deadlines:

– Timeline for biddable offers moves from the afternoon to the morning.

34

NOMINATION CYCLES

35

Nomination

Cycle

Nomination

Deadline (CCT)

Scheduled

Quantities

Time of

Gas Flow

Bumping

of ITEPSQ

Timely 1:00 PM 5:00 PM 9:00 AM N/A N/A

Evening 6:00 PM 9:00 PM 9:00 AM Yes N/A

Intra Day 1 10:00 AM 1:00 PM 2:00 PM Yes 20.83%

Intra Day 2 2:30 PM 5:30 PM 6:00 PM Yes 37.50%

Intra Day 3 7:00 PM 10:00 PM 10:00 PM No 54.17%

NOMINATIONS/SCHEDULING TIMELINEEFFECTIVE APRIL 1, 2016(ALL TIMES CENTRAL CLOCK TIME)

36

12:00

AM1:00

PM

Scheduled

6:00

PM

ScheduledEvening

Noms

4:30

PM

12:00

AM11:59

PM

Confirmation

8:30

PM

Calendar Day One (Day Ahead)

Calendar Day Three

12:00

AM

8:59

AM

Gas Day

ends

Intraday 2

Noms

9:00

AM

Intraday 1

Noms

10:00

AM

Scheduled

1:00

PM

Scheduled

9:30

PM

Confirmation

7:00

PM

Confirmation

12:30

PM

5:00

PM

11:59

PM

Gas Day

Gas

Day

begins

5:00

PM

9:00

PM

2:30

PM

5:30

PM

Intraday 3

Noms Confirmation

10:00

PM

Scheduled

Gas flow starts at 9 am on Gas Day

Gas flow starts at 2 pm Gas flow starts at 6 pm Gas flow starts at 10 pm

Gas Day (cont.)

Calendar Day Two

Timely

Noms

Confirmation

NEW CAPACITY RELEASE TIMELINE

37

Biddable

Non-

biddable

Posting

Recall

Notification to Pipe

7:00 am

8:00 am Timely; Reputs due

9:00 am Post offer

10:00 am Bid period

ends

11:00 am Award or

Match

11:30 am Match deadline

Noon Award after

Match

Timely

1:00 pm

1:30 pm

2:00 pm

2:30 pm

3:00 pm Early Evening

4:00 pm

5:00 pm Evening Evening

6:00 pm

Day Ahead

Non-

biddable

Posting

Recall

Notification to

Pipe

7:00 am Intraday 1

8:00 am

9:00 am Intraday 1

10:00 am

11:00 am

11:30 am

Noon Intraday 2

1:00 pm

1:30 pm Intraday 2

2:00 pm

2:30 pm

3:00 pm

4:00 pm Intraday 3

5:00 pm

6:00 pm Intraday 3

Gas Day

0

100

200

300

400

500

600

9:00AM 9:30AM 10:00AM 10:30AM 11:00AM 11:30AM 12:00PM 12:30PM 1:00PM

Num

ber

of

Nom

inations

March 29 March 30 March 31 April 1 April 2

TIMELY NOMINATION SUBMITTAL PATTERNS

BEFORE AND AFTER APRIL 1

PEPL/TGC/SER MARKET SERVICES

Jill Szoke

Manager –Customer Service

Suzette Caffey

Sr. Specialist

Lois Coots

Sr. Specialist

Bobbi Gabosch

Sr. Specialist

Kimberly Henry

Sr. Specialist

Melissa Lakey

Sr. Specialist

Maggie Matheson

Sr. Specialist

Andrew Sumrall

Specialist

39

Richard Moreno

Manager –Transportation Accounting

Ellen Puente

Sr. Transportation Accountant

Shawn Ryan


Ora Lee Peters


Lindy Donoho

Director –Contract Administration

Mark Enns

Sr. Analyst

Juanita Rodriguez

Sr. Analyst

Susan Sharp-Jozwiak

Sr. Analyst

Janet Langford

Lead Analyst M+

Paul Gill

Lead Analyst M+

Thank You

Questions?

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