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Proprietary and Confidential
PipelineInfrastructureDevelopmentsintheNortheast
Presentedto:NortheastGasAssociations
2014SummerSales&MarketingSeminar
August20,2014
Proprietary and Confidential
Concentric Overview
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Transaction & Financial Advisory
Energy Market Analysis
Regulatory Policy, Supportand Ratemaking
Management and Operations
Litigation Support
Concentric is a management consulting andfinancial advisory firm focused exclusively onthe North American energy industry.
Our workforce is comprised of and led byenergy industry experts who have held positionswith utility companies, regulatory agencies,integrated energy companies, regionaltransmission organizations and retail marketingcompanies.
We offer a broad range of advisory andsupport services that enable our clients tocomprehensively address diverse needs withoutthe difficulty of retaining and coordinatingmultiple resources. Our fully integrated servicesspan five major practice areas.
Proprietary and Confidential
Drivers of Pipeline Expansions
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1. SurgingproductionfromMarcellus/Uticabasins
2. Decliningtraditionalsupplies
3. Newdemandandwinterpricespikesfromgreateruseinelectricgeneration
4. Traditionaldemandgrowth(LDCs,Industrials)
Source:EIA
Source:RBNEnergy
Proprietary and Confidential
New York/New Jersey Pipeline Projects
Manypipelineprojectsadvancinginthesestates,including...
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Project Company Capacity(MMcf/d)
Est.InService
Shippers
TEAM 2014 Spectra 300 Late2014 ChevronEQT
NortheastConnector/RockawayLateral
Williams 647 Late2014 National Gridaffiliates
ConstitutionPipeline
Williamsetal 650 Late2015/2016
SouthwesternCabotOil& Gas
GardenStateExpansion
Williams 180 2016/2017 NJLDC
PennEast UGIetal 1,000 2018/2019 TBD
Proprietary and Confidential
Tennessee Connecticut Expansion
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Capacity:72MMcf/d
Est.InService:November2016
Shippers: ConnecticutNaturalGas SouthernConnecticutGas YankeeGas
Status: PAsexecuted
FERCfilingexpectedbyendof2014
Proprietary and Confidential
Spectra Algonquin Incremental Market (AIM)
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Capacity:342MMcf/d
Est.InService:November2016
Shippers: LDCaffiliatesofUIL,NU,NationalGrid,NiSource
CityofNorwich,Middleborough
Status: FERCFilinginFebruary2014
FERCStaffpassedAIMinDraftEISon8/8/14
Proprietary and Confidential
PNGTS Continent-to-Coast (C2C)
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Capacity:~165MMcf/d
Est.InService:November2016
Shippers: TBD
Status: OpenSeasonClosedJanuary2014
Extendeddeadlineforupstreamcapacityduetoupstreamregulatoryuncertainty
Proprietary and Confidential
Spectra Atlantic Bridge
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Capacity:100600+MMcf/d
Est.InService:November2017
Shippers: UnitilCorp.
Status: Latestagenegotiations
FurtherexpansionforNewEnglandpowergeneration???
Proprietary and Confidential
Tennessee Northeast Energy Direct
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Capacity:0.81Bcf/d(SupplyLeg)0.62.2Bcf/d(MarketLeg)
Est.InService:November2018
Shippers: 500MMcf/dindealsw/NewEnglandLDCsonMarketLeg
Status: Latestagenegotiations FERCPreFilingplannedforSeptember2014
Proprietary and Confidential
Wildcards: How Will They Effect Pipeline Expansions?
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1. NEGovernors
WillGasInfrastructureInitiativeGoForward?
ElectricTransmissionCouldImpactRegionsDemandforGas
2. SeasonalLNGSolutions
GDFSuezpitchesLNGsolution 435MMcf/dofregasificationcapacity(DistrigasLNG)availableforregional
useonaseasonalbasis
SignedpurchaseagreementwithGazMetroLNGfor475975MMcfofLNGoverthenext5monthstomeetpeakNewEnglanddemand
ISONEs201314WinterReliabilityProgram(WRP)willcompensategeneratorsthatarrangeforLNGaswellasoil
3. ViabilityandTimingofLNGExports
Proprietary and Confidential
Conclusions
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LDCs/Industrials
Continuedsuccessfultrackrecordofacquiringincrementalpipelinecapacityasneeded
Producers
Marcellus/Uticaproductionstilloutpacingtakeawaycapacity,butmanypipelineexpansionsindevelopment
AdditionalMarcellus/UticatakeawaycapacitytargetingmarketstoSouthandWest
ElectricGeneration
Marketrulescreatedisincentiveforgeneratorstofirmup
Proprietary and Confidential
Discussion and Questions
Andrew MacBrideSeniorConsultant
ConcentricEnergyAdvisorsE:[email protected]
O:508.263.6218C:215.5181925
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