National Fuel Gas Company · NYSE:NFG
National Fuel Gas — Corporate Update (September 2023)
37 slides from National Fuel Gas's corporate update, Sep 28, 2023
Slide 1: Tioga Pathway Project
Tioga Pathway Project National Fuel Gas Supply Corporation Sept. 28, 2023 1
Slide 2: National Fuel Gas Company
National Fuel Gas Company • A diversified energy company with more than 120 years experience in New York and Pennsylvania. • Business segments include: • Exploration and production- develops and produces natural gas • Gathering- owns and operates natural gas processing and pipeline facilities • Pipe
Slide 3: The Home Team
The Home Team NFG is a large public energy company with corporate offices in Williamsville, NY and Erie, PA 1,940 $7 Billion Full-Time Investments in NY & Employees PA since 2012 1,066 740,000 Union Utility accounts served Employees 1.2 million people NY .5 million people PA Our employees and retire
Slide 4: Pennsylvania Territory
Pennsylvania Territory • Approximately 700 employees. • All segments of the company’s unique, integrated business model present in Pennsylvania. • Currently serving 23 counties. • Dates back to the 1880s and the origins of the industry in Pennsylvania. • Originally part of John D. Rockefeller’s Stan
Slide 5: Why are we here?
Why are we here? • Extensive community involvement at an early point in the Tioga Pathway Project. • Open dialogue with landowners and the public: • Answer questions. • Listen to comments. • Gather input. • Question and answer period to follow presentation. 5
Slide 6: Project Overview Map
Project Overview Map eee ee, ee PROPOSED REPLACEMENT APPROX. 4 MILES OF EXISTING 220 PROPOSED YMS9 PIPELINE cre TOWNSHIP BOUNDARY | COUNTY BOUNDARY : 4) i —— - r ———— ah PROPOSED ey TIOGA PATHWAY PROJECT CEE National Fuel’ ‘Supply Corporation
Slide 7: Project Components
Project Components Specific project components include: • Construction of approximately 19.5 miles of new 16-inch diameter pipeline (Line YM59), located in Tioga and Potter counties, Pennsylvania; • Replacement of approximately 4 miles of existing pipeline facilities on Supply’s Line Z20 pipeline sy
Slide 8: Project Components - Continued
Project Components - Continued • Construction of the Tioga Interconnect with NFG Midstream Covington, LLC, the eastern end of proposed Line YM59, Tioga County, Pennsylvania; • Modifications at Supply’s Ellisburg Station, located in Potter County, Pennsylvania
Slide 9: Tioga Pathway Project: Objectives & Benefits
Tioga Pathway Project: Objectives & Benefits Connect locally-produced natural gas to the interstate pipeline grid • Provides outlet for low-cost, clean burning natural gas • Ensures incremental gas supply to the region and to the interstate pipeline grid • Helps meet local, regional and North Americ
Slide 10: Projected Natural Gas Production
Projected Natural Gas Production Annual U.S. Dry Natural Gas Production 42 2022 - 2050E (Trillion Cubic Feet) 40 38 Tcf (Annual) 36 34 32 30 10 Source: U.S. Energy Information Administration, 2023 World Energy Outlook, Reference
Slide 11: Projected Natural Gas Demand - Global
Projected Natural Gas Demand - Global Global Growth of ~39 Bcf/d over 2023 levels Perspective: 39 Bcf/d represents more than one 408 420.0 third of current US Bcf/d consumption 400.0 369 380.0 Bcf/d Bcf per Day 360.0 340.0 320.0 300.0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Average An
Slide 12: Regulatory Involvement
Regulatory Involvement • Federal Agencies • Federal Energy Regulatory Commission (FERC) • U.S. Army Corps of Engineers (USACE) • U.S. Fish and Wildlife Service (USFWS), Pennsylvania Field Offices • U.S. Department of Transportation (DOT) (PHMSA) • Environmental Protection Agency (EPA) • Various Nati
Slide 13: Regulatory Engagement (continued)
Regulatory Engagement (continued) • Commonwealth of Pennsylvania Agencies • Pennsylvania Department of Conservation and Natural Resources (DCNR) • Pennsylvania Fish and Boat Commission (PAFBC) • Pennsylvania Game Commission (PGC) • Pennsylvania Department of Environmental Protection (PADEP) • Pennsy
Slide 14: Regulatory Involvement (continued)
Regulatory Involvement (continued) • Local Municipal Agencies • County/Town Building Permits • Road Use/Opening Permits • Driveway Access Permits • Local County Conservation Districts 14
Slide 15: What is FERC?
What is FERC? • Federal Energy Regulatory Commission: • Independent agency that regulates interstate transmission of natural gas • Authority for siting, construction and operation of facilities for transporting natural gas in interstate commerce • Oversees environmental matters related to natural ga
Slide 16: FERC and Stakeholders
FERC and Stakeholders • Office of Public Participation (OPP) • Facilitate greater understanding of Commission processes • Supports the public in participating in FERC proceedings • How to Intervene or Comment • Guidance for using FERC’s eFiling system and eLibrary • Answer inquiries from the public
Slide 17: Proposed Timeline
Proposed Timeline Summer 2023 Preliminary route review (tabletop map review and desktop review via publicly available data sets) September 2023 • Landowner information session • Begin landowner notification and survey permission October 2023 – July 2024 Survey, environmental and engineering studies
Slide 18: Impact on the Region and Community
Impact on the Region and Community • Investing over $80 million in North-Central Pennsylvania. • Creating 300 jobs during construction. • Supporting local businesses during construction and operation. • Proven robust environmental controls preserving the environment and farmland. 18
Slide 19: Factors in Selection of Route and Facilities Location
Factors in Selection of Route and Facilities Location • Minimize impact to landowners, including those within Environmental Justice communities. • Engineering and technical considerations. • Constructability considerations. • Minimize disturbance to land, including active farmland. • Natural resourc
Slide 20: INGAA Commitments to Responsible Pipeline Construction
INGAA Commitments to Responsible Pipeline Construction The Interstate Natural Gas Association of America (INGAA) has long stood for safe and responsible construction and operation of natural gas pipelines. • Each INGAA member company embraces the following commitments: 1. Ensuring Safe & Quality Con
Slide 21: INGAA Commitments to Landowners
INGAA Commitments to Landowners INGAA is committed to leading an industry that builds and maintains strong positive relationships with Landowners. • Each INGAA member company embraces the following commitments: 1. Respect and Trust 2. Accurate and Timely Information 3. Negotiate in Good Faith 4. Res
Slide 22: Proven Results – Potter County
Proven Results – Potter County During After 22
Slide 23: Proven Results - Potter County Continued
Proven Results - Potter County Continued 23
Slide 24: Active Construction
Active Construction 24
Slide 25: After Construction
After Construction • Re-spreading topsoil back onto the right of way after construction and subsoil decompaction 25
Slide 26: Restoration Focused on Pollinators
Restoration Focused on Pollinators 26
Slide 27: Safety
Safety • Safe and reliable pipe, materials and equipment with proven safety management system. • Pipeline facilities are constructed and maintained to meet or exceed federal safety code: o High strength carbon steel with modern fusion bonded epoxy coating. o Coating protected with Rockshield and/or
Slide 28: Safety - Continued
Safety - Continued • Outstanding safety record. • System monitored 24/7/365 by National Fuel Gas Control. • Remote Control Valves. • Regulated and inspected by the U.S. Department of Transportation (DOT) and FERC. • Routine inspections once in service. 28
Slide 29: Agricultural Area Considerations
Agricultural Area Considerations • Topsoil segregation. • Drain tile repair. • Subsoil decompaction. • Excess rock removal from at least top 12” of soil. • Minimum 4’ depth of cover. • Successful restoration achieved when crop growth and vigor is similar to adjacent undisturbed portions. • Crop loss
Slide 30: Agricultural Area Considerations - Continued
Agricultural Area Considerations - Continued • Drain Tile Repair
Slide 31: Agricultural Area Considerations - Continued
Agricultural Area Considerations - Continued • Topsoil segregation
Slide 32: Agricultural Area Considerations - Continued
Agricultural Area Considerations - Continued • Decompaction of subsoil
Slide 33: Agricultural Area Considerations - Continued
Agricultural Area Considerations - Continued • Restoring disturbed areas to preconstruction productivity
Slide 34: Surveying your land
Surveying your land • Surveying property – completed by walking land and ATVs, colored flagging and stakes installed. • Minimal disturbance by shovel testing, if necessary. • Test holes repaired upon completion of testing. • Surveying does not harm the land. • Company representatives carry photo ID
Slide 35: Landowner Compensation
Landowner Compensation • Landowners will be appropriately compensated for economic loss/use (crop and timber damage) caused by construction. • New proposed pipeline and facility easements will be acquired through negotiation based on comparable property sales and/or current market value. • Land will
Slide 36: Contact Information
Contact Information Carly Manino Senior Director, Corporate Communications 1-800-458-0413, Ext. 4199 maninoc@natfuel.com Feedback c/o Corporate Communications 1100 State St. Erie, Pa. 16501 36
Slide 37: Questions?
Questions?
National Fuel Gas Company — Corporate Update (September 2023) on 6ix