1. Wyoming Pipeline Authority January 24, 2005

2. Rockies Production Growth

3. Wyoming Annual Revenue $Millions (4.3 bcfd)

4. What It Looks Like

5. WPA Capacity Facts 200,000 MMBtu/day Primary Receipt: Opal/Meeker Primary Delivery: Clarington, OH Reservation Rate: $1.07/MMBtu Fuel & L&U: 2.2% @ 1.5 bcfd & 90% load Capacity is segmentable

6. Primary Receipt Points Opal Meeker Shute Creek Lost Creek

7. Primary Points of Delivery Tennessee Gas Pipeline Texas Eastern Transmission Company

8. Markets Along the Way Michcon Nicor People’s Energy Citizen’s Gas Wisconsin Electric Cinergy Keyspan Excelon Consolidated Edison Constellation National Fuel New Jersey Natural Resources Dominion

9. In Service Dates Feb 1, 2006: Meeker - Wamsutter Dec 31, 2006: Wamsutter - Cheyenne Jan 1, 2008: Panhandle (Audrain)/Opal Jan 1, 2009 : Lebanon Hub Jul 1, 2009: Clarington, Ohio

10. Pricing

11. Average Pricing CIG$6.15 Chicago$7.21 Dominion$7.76 Gas Daily Jan 18, 2004 to Jan 18, 2006

12. Take Another Look

13. What We Have to Offer Shorter Term Commitment Segments Capacity Release Capacity Assignment Capacity Management Suite of Financial Services Through Co- sponsoring Partner(s)

14. Contact Us 152 North Durbin Street Suite 230 Casper, WY 82601 Ph 307-237-5009 Cell 303-748-6473