Kinder Morgan, Inc. · NYSE:KMI
Kinder Morgan — Kinder Morgan 2014 Analysts Conference
8 slides from Kinder Morgan's conference presentation, Jan 29, 2014
Slide 1: Kinder Morgan Canada
Kinder Morgan Canada Ian Anderson President Kinder Morgan Canada
Slide 2: Trans Mountain Pipeline
Trans Mountain Pipeline Capacity Currently 300 MBbl/d Markets British Columbia Washington State refineries Westridge marine terminal – offshore markets in U.S. and Asia Regulation National Energy Board regulated 2013–2015 toll settlement — 2-year extension option 2
Slide 3: Trans Mountain – DCF
Trans Mountain – DCF (millions $US) Actual Actual Actual Actual Budget 2010 2011 2012 2013 2014 Trans Mountain System contribution 156.9 169.3 193.3 162.2 139.5 Add back book tax 12.8 17.4 0.7 19.3 17.3 Less cash tax 2.8 1.1 11.1 (4.1) 1.9 Trans Mountain System 166.9 185.6 182.9 185.6 154.9 3
Slide 4: Market Fundamentals Support West Coast Expansion
Market Fundamentals Support West Coast Expansion Tight Pipeline Capacity (a) Increasing U.S. Crude Production – Lower Imports (b) 8 12 TM Expansion / 7 Northern Gateway / Energy East 10 6 Net Crude Oil Imports (MMBbl/d) (MMBbl/d) 5 8 Keystone XL 4 6 Heavy Crude Supply 3 4 Lower 48 States 2 2 1 Light
Slide 5: Trans Mountain Expansion
Trans Mountain Expansion Existing capacity: 300 MBbl/d Expansion to: 890 MBbl/d — Continue to serve local markets — 630 MBbl/d tanker export capacity 13 Companies, 708,000 bbl/d — Take-or –pay contracts, 15 & 20 years — In-service: late-2017 — Commercial Terms NEB approved May, 2013 Projecte
Slide 6: Trans Mountain Expansion Projected Timeline
Trans Mountain Expansion Projected Timeline Expansion Intervener Evidence NEB & Federal Application Info. Requests Government Construction Filed w/NEB Supplemental Ruling Dec. 16, 2013 Filings NEB Final Completeness Expansion NEB Public Engineering, Determination In-service @ Hearing Procurement, &
Slide 7: Trans Mountain Expansion
Trans Mountain Expansion Accomplished Ongoing Work NEB approved commercial terms Pipeline construction in environmentally Comprehensive facilities application filed Dec. sensitive habitat areas 2013 Pipeline spill response capacity and risk Extensive stakeholder and Aboriginal mitigation e
Slide 8: Kinder Morgan
KINDER/MORGAN
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