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Energy East Pipeline Philippe Cannon, Energy East Pipeline Project June 13, 2014 The Association of Municipal Administrators of New Brunswick.

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Presentation on theme: "Energy East Pipeline Philippe Cannon, Energy East Pipeline Project June 13, 2014 The Association of Municipal Administrators of New Brunswick."— Presentation transcript:

1 Energy East Pipeline Philippe Cannon, Energy East Pipeline Project June 13, 2014 The Association of Municipal Administrators of New Brunswick

2 Privileged and Confidential ENERGY EAST PIPELINE Forward-Looking Information and Non-GAAP Measures 2 This presentation includes certain forward looking information to help current and potential investors understand management’s assessment of our future plans and financial outlook, and our future prospects overall. Statements that are forward-looking are based on certain assumptions and on what we know and expect today and generally include words like anticipate, expect, believe, may, will, should, estimate or other similar words. Forward-looking statements do not guarantee future performance. Actual events and results could be significantly different because of assumptions, risks or uncertainties related to our business or events that happen after the date of this presentation. Our forward-looking information is based on the following key assumptions: inflation rates, commodity prices and capacity prices, timing of financings and hedging, regulatory decisions and outcomes, foreign exchange rates, interest rates, tax rates, planned and unplanned outages and the use of our pipeline and energy assets, integrity and reliability of our assets, access to capital markets, anticipated construction costs, schedules and completion dates, acquisitions and divestitures. Our forward looking information is subject to risks and uncertainties, including but not limited to: our ability to successfully implement our strategic initiatives and whether they will yield the expected benefits, the operating performance of our pipeline and energy assets, economic and competitive conditions in North America and globally, the availability and price of energy commodities, regulatory decisions and outcomes, outcomes of legal proceedings, including arbitration, changes in the political environment, changes in environmental and other laws and regulations, construction and completion of capital projects, labour, equipment and material costs, access to capital markets, interest and foreign exchange rates, weather, cybersecurity and technological developments. You can read more about these risks and others in our most recent Quarterly Report to Shareholders and 2012 Annual Report filed with Canadian securities regulators and the U.S. Securities and Exchange Commission (SEC) and available at You should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking statements due to new information or future events, unless we are required to by law. This presentation contains reference to certain financial measures (non-GAAP measures) that do not have any standardized meaning as prescribed by U.S. generally accepted accounting principles (GAAP) and therefore may not be comparable to similar measures presented by other entities. These non-GAAP measures may include Comparable Earnings, Comparable Earnings per Share, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), Comparable EBITDA, Earnings Before Interest and Taxes (EBIT), Comparable EBIT, Comparable Interest Expense, Comparable Interest Income and Other, Comparable Income Taxes and Funds Generated from Operations. Reconciliations to the most closely related GAAP measures are included in our most recent Quarterly Report to Shareholders filed with Canadian securities regulators and the SEC and available at

3 One of North America’s Largest Natural Gas Pipeline Networks 68,500 km of pipeline 14 Bcf/d or 20% of demand Third Largest Natural Gas Storage Operator 406 Bcf of capacity Largest Private Sector Power Generator in Canada 20 power plants, 10,800 MW Wind, solar and hydro – 1,167 MW Premier Oil Pipeline System Over 1 million bbl/d ultimate capacity 33% of Canadian exports Privileged and Confidential ENERGY EAST PIPELINE TransCanada: A Leading North American Energy Infrastructure Company 2

4 ENERGY EAST PIPELINE Where Do We Get Our Oil? Overseas Eastern Canada Western Canada Sources: (Refinery consmption in 2012 millions of barrels per day) Sources: EIA, Statistics Canada, CAPP AB, BC, SK (589) ON (331) QC (350) Maritimes (458) 4

5 ENERGY EAST PIPELINE What is Energy East? 5

6 ENERGY EAST PIPELINE Canaport Energy East Marine Terminal Joint venture between TransCanada and Irving Oil Crude oil export terminal Fixed jetty with two berth capability Monitored and operated with latest technology 6

7 ENERGY EAST PIPELINE Delivering Energy Safely Pipelines are the safest mode of oil transportation The industry operates with a per cent safety record in Canada Energy East will be one of the most technologically advanced pipelines ever built 24/7 monitoring system with highly trained staff and satellite technology Safety valves can isolate irregularities in minutes Additional safety valves at sensitive areas including key watercourses Extra safety precautions at road, rail and water crossings and near populous areas Safety is TransCanada’s highest priority 7

8 ENERGY EAST PIPELINE Emergency Management TransCanada will develop an Emergency Response Plan (ERP) in accordance with federal regulations (NEB OPR) To be completed 4-6 months before in-service Developed in consultations with local emergency service agencies (i.e. fire departments, emergency managers, etc.) Specialized oil spill equipment will be procured and stored strategically along pipeline system Trained responders are on-call 24/7 and include TransCanada personnel and contractors TransCanada takes full responsibility for emergency response and clean-up 8

9 ENERGY EAST PIPELINE Respecting the Environment TransCanada’s ongoing goal is to cause as little disturbance to the environment as possible The project will adhere to the strictest environmental guidelines Our Environmental Protection Plan will mitigate potential impacts during and after construction Committed to preserving important natural and cultural features Collaboration with local communities and Aboriginal groups for data collection 9

10 ENERGY EAST PIPELINE Committed to Engaging in Consultations TransCanada will be engaging with local communities throughout the lifetime of the project (before, during and after) Meetings with landowners, elected officials, municipalities, Aboriginal groups and other stakeholders Information sessions and open houses for local stakeholders and residents Social responsibility is a TransCanada core value New Brunswick Over 30 municipalities 15 First Nation Communities Over 400 Landowners Over 1800 individuals during 11 Open Houses conducted Over 150 stakeholders during 9 Information Sessions Over 2000 stakeholders during event presentations Over 30 meetings (NGOs and ENGOs) 10

11 ENERGY EAST PIPELINE Deloitte Economic Assessment 11 Impact on Canadian GDP $35.3 billion 11,158 Direct Jobs Development: 2,342 Construction: 7,729 Operations : 1,087 $10 billion in tax revenues Impact On New Brunswick GDP $2.8 billion 1,548 Direct Jobs Development: 332 Construction: 1,095 Operations: 121 $694 million in tax revenues

12 ENERGY EAST PIPELINE Spreading the wealth 3 construction camps along the route Land lease People to assemble the camps Staff to operate 5 pumping stations located along the route A base load supply of electricity from NB Power, Paying property tax to the host community An ongoing operations and maintenance program 12 Access to TransCanada’s Community Investment Fund In 2012, we invested a total of $11,016,390 into nearly 1,600 non-profit organizations across North America Opportunities for First Nations in New Brunswick to participate in different aspects of the project

13 ENERGY EAST PIPELINE Services Fabrication Work Structural Piping Spools Land Survey Environmental Geo-tech Brushing/ Snow Removal Rig Mats Supply Construction Equipment Rental Concrete and Aggregate Supplies Engineering ( as sub-contract for local component) Mechanical, Electrical, Civil work (as sub-contractor) Sand Padding Emergency material requirements Construction Consumables/ Office Supplies Fencing/Temporary Lighting Short Term Office Support Field/Construction Labor Fuel Supply Hotel Accommodations Camp Potable Water/Sewage Removal Testing of Concrete, Soil, etc. Trailer Rental Security Services 13

14 ENERGY EAST PIPELINE Energy East – Procurement The Project is currently in the early development stages The Project Contracting & Procurement Strategy will be finalized over the next few months Qualified vendors in each region will be considered for the supply of materials, equipment, and services for both the pipeline and facilities portions of the Project Suppliers and Contractors can register on the Energy East vendor portal link: vendors/ 14

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