Duke Energy Corporation (Holding Company) · NYSE:DUK
Duke Energy Corporation (Holding Company) — Corporate Update (June 2002)
12 slides from Duke Energy Corporation (Holding Company)'s corporate update, Jun 28, 2002
Slide 1: Duke Energy Gas Transmission
Duke Energy Gas Transmission Dorothy Ables Senior Vice President Finance & Administration and CFO Bob Reid President, Canada
Slide 2: Duke Energy Gas Transmission Canada Growth Opportunities
ALASKA Duke Energy Gas Transmission Canada BC Pipeline Pipelines Miles Bcf/d BC Pipeline 3400 1.9 PNG Dawn Trafalgar 500 5.4 Alliance Foothills (50%) 600 3.3 Vector (30%) 350 1.0 Maritimes Alliance (24%) 2300 1.3 Growth Foothills Opportunities Vector Union Gas Union Gas ■ Expansion of BC Miles of pi
Slide 3: Combined BC Pipeline and Field Services
Combined BC Pipeline and Field Services YUKON N.W.T FORT NELSON BC Pipeline B.C. GATHERING HELMET / PEGGO/ ● Capacity: 2 Bcf/d FORT ST. JOHN PESH GATHERING GATHERING ● Strong supply & demand growth ● Cost of service regulation ● Rates fixed in 02-03 by settlement PNG GRIZZLY GATHERING Field Services
Slide 4: BC Pipeline and Field Services - Opportunities
BC Pipeline and Field Services - Opportunities Kwoen Grizzly Fort Nelson T-South Capacity 104 Mcf/d 88 Mcf/d 200 Mcf/d ALASKA In–Service 2002 2002 2003 CapEx $106 MM $13 MM $165 MM YUKON N.W.T MACKENZIE MACKENZIE VALLEY VALLEY ALASKA ALASKA HIGHWAY HIGHWAY PIPELINE PIPELINE PIPELINE PIPELINE FORT FO
Slide 5: Union Gas
Union Gas Storage & Transmission • Integrated storage and distribution business • First generation of Performance-Based Regulation (PBR) in place Alliance Union • Price cap with earnings Gas Empire band Vector Dawn Hub 0206-0290webcast 5
Slide 6: Union Gas Distribution – Growth Opportunities
Union Gas Distribution – Growth Opportunities Distribution ● Steady growth (20,000 MANITOBA new customers annually) QUEBEC ● Gas-fired generation ONTARIO potential Storage & Transmission ● Dawn Hub well positioned to capture MN increase in gas demand WI DAWN DAWN HUB HUB NY MI PA Gas-fired generatio
Slide 7: 2001 Net Income BC Pipeline and Field Services
2001 Net Income Ownership Ownership Allowed Allowed 2001 2001 In Rate In Rate Equity Equity Return Return on on Net Net Ownership Ownership Base Base Component Component Equity Equity Income Income BC Pipeline and U.S. U.S. $MM $MM U.S. U.S. $MM $MM Field Services 100% 1,444 35% ** $ 78 Union Gas 10
Slide 8: 2001 Equity Earnings
2001 Equity Earnings Allowed Allowed 2001 2001 Equity Equity Return Return on on Equity Equity Ownership Ownership Component Component Equity Equity Earnings Earnings U.S. U.S. $MM $MM Foothills 50% 30% 9.6% $3 Vector – US 30.0% 30% 14.0% 1 Alliance – Cdn 23.6% 30% 10.9% 13 Alliance – US 23.6% 30% 1
Slide 9: Estimated EBIT
Estimated EBIT U.S. U.S. $MM $MM Net Income $170 Equity Earnings 30 Total 200 Estimated Taxes 100 Estimated Interest 200 Estimated EBIT $500 0206-0290webcast 9
Slide 10: Earnings Profile for Westcoast's Gas Assets
Earnings Profile for Westcoast’s Gas Assets Percent of annual earnings 40 30 2000 20 2001 10 0 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 0206-0290webcast 10
Slide 11: Debt Ratings
Debt Ratings Standard & Dominion Bond Unsecured Poors Rating Service debentures (S&P) (DBRS) WEI A+ A (low) Union A+ A 0206-0290webcast 11
Slide 12: Duke Energy Gas Transmission
Duke Energy Gas Transmission 0206-0290webcast 12