Inergy Holdings Lp — Merger or Acquisition (September 2010)
10 slides from Inergy Holdings Lp's merger presentation, Sep 7, 2010
Slide 1: Tres Palacios Natural Gas Storage Acquisition Overview
Exhibit 99.1 Tres Palacios Natural Gas Storage Acquisition Overview September 7, 2010
Slide 2: Forward Looking Statements
Forward Looking Statements NYSE: NRGY, NRGP Cautionary Statement Regarding Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that are not limited to historical f
Slide 3: Transaction Summary
Transaction Summary Inergy has executed a definitive agreement to purchase Tres Palacios Gas Storage LLC, the owner of the Tres Palacios natural gas storage facility located ~100 miles southwest of Houston in Matagorda County, TX for $725 million (plus reimbursement of certain capital expenditures a
Slide 4: Transaction Benefits
Transaction Benefits Significantly expands natural gas Pro Forma Adjusted EBITDA (a) storage operations Propane – Creates largest independent natural gas storage operator ~50% in the U.S. with ~80 Bcfof working gas storage capacity, expandable to ~100 Bcf Establishes new midstream market platform wi
Slide 5: Pipeline Interconnects & Markets Served
Pipeline Interconnects & MarketsServed Northeast Midwest Mid-Atlantic Southeast Inergy Northeast Storage Hub Tres Palacios Storage Waha Barnett Shale Florida Gas Transmission Co Kinder Morgan Intrastate System Enterprise Intrastate System Eagle Ford Shale Natural Gas Pipeline Co Tennessee Gas Pipeli
Slide 6: Tres Palacios Asset Overview
Tres Palacios Asset Overview Asset Characteristics 27.1 Bcf working gas capacity currentlyin service (Cavern 1 and 2) Cavern3 provides additional 11.4 Bcf of working gas capacity (expected in-service Sep-2010) – Cavern 3 substantially complete; FERC and TRC authorizations to place in-service receive
Slide 7: Commercial Opportunities
Commercial Opportunities Tres Palacios is strategically positioned to supply large daily needs of the Texas gas-fired power generation market Facility offers more interconnects than any competing storage asset in Texas market – Offers the ability to serve multiple demand markets in Texas as well as
Slide 8: Tres Palacios Facilities Map
Tres Palacios Facilities Map 8
Slide 9: Tres Palacios Storage Facility
Tres Palacios Storage Facility 9
Slide 10: Committed to Generating Industry-Leading Returns to Our Investors
Committed to Generating Industry-Leading Returns to Our Investors 10
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