Slide 1: Kinder Morgan Canada
Kinder Morgan Canada Ian D. Anderson – President
Slide 2: Systems Map
SYSTEMS MAP Operator of 3 Oil Pipelines Sole Pipeline from Alberta to West Coast Express is primary line to PADD IV Platte serves large PADD II market 2
Slide 3: Trans Mountain Pipeline
TRANS MOUNTAIN PIPELINE System – Open Access, Crude and Refined Products Markets – Lower B.C. Mainland, Washington State, California (Dock at Vancouver) Capacity – Currently 225,000 bpd Ex-Edmonton (10% heavy) Shippers – Major Canadian Producers and North-West Refiners Regulation – NEB regulated, to
Slide 4: Corridor Pipeline
CORRIDOR PIPELINE Muskeg System – 285 mile 24” x 12” line River Mine between Muskeg River Mine and Scotford Upgrader – 27 mile crude and supplemental line Capacity – 155,000 bpd of dry bitumen from mine to upgrader – 71,000 bpd diluent back to mine Shippers – 100% contracted to Athabasca Oil Sands R
Slide 5: Express Pipeline
EXPRESS PIPELINE Fort McMurray Ownership – KMC operates, 1/3 ownership with Borealis and Cold Lake Ontario Teacher’s Pension Plan Edmonton System – 785 miles from Hardisty, Alberta to Casper, Wyoming; Platte Vancouver 932 miles mainline from Casper to Ex pr ess Wood River, Illinois Anacortes Billing
Slide 6: Canadian Oil Sands Opportunity
CANADIAN OIL SANDS OPPORTUNITY 4,000 New capacity 3,500 Western Required Canadian Production* 3,000 Others Express 2,500 Trans Mountain (000 bpd) Enbridge** 2,000 1,500 Export Pipeline Capacity 1,000 500 Western Canada Demand 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 __________________________
Slide 7: Trans Mountain Throughput
b/d TRANS MOUNTAIN THROUGHPUT 100,000 150,000 200,000 250,000 300,000 50,000 0 Jan 2000 Mar May Jul Sep Nov Jan 2001 Mar May Jul Sep Nov Jan 2002 Capacity @ 0% Heavy Capacity @ 15% Heavy Mar May Jul Monthly Deliveries Sep Nov Jan 2003 Mar May Jul Sep Nov Jan 2004 Mar May Jul Sep Nov Jan 2005 Mar May
Slide 8: TMX Expansion
TMX EXPANSION TMX1 – C$595 Mil, additional 75,000 bpd – Pump Station Expansion, C$230 Mil, 35,000 bpd, in service by April 2007 – Anchor Loop, C$365 Mil, 40,000 bpd, in service at end of 2008 1,100 TMX2 – Loop between Valemont & kbpd Kamloops and back to Edmonton, C$900 Mil, 100,000 bpd by 2010 400
Slide 9: Spirit Pipeline
SPIRIT PIPELINE Capital Cost of C$995 Mil in service by end of 2008 100,000 bpd condensate import line from Kitimat to Edmonton KM C KMC / Pembina joint venture Anticipate 100% contracted under long term agreements MPL Commercial deal by mid 2006 T KMC 9
Slide 10: Trans Mountain ITS Renewal
TRANS MOUNTAIN ITS RENEWAL MOU with CAPP signed, new ITS 2006 – 2010 Pump Station and Anchor Loop expansion included Toll trending to stabilize earnings No change to Capital Structure Capacity and Operating Efficiency incentive provided Transportation revenue variance provides certainty Final financ
Slide 11: Kinder Morgan
KINDER’ MORGAN