Enbridge Inc. · TSX:ENB
Enbridge — Global Energy Summit 2006
21 slides from Enbridge's conference presentation, Feb 14, 2006
Slide 1: The Capacity Challenge – A Pipeline Perspective
The Capacity Challenge – A Pipeline Perspective Global Energy Summit 2006 Richard Bird Group Vice President, Liquids Pipelines
Slide 2: Forward Looking Statements
Forward Looking Statements Certain information provided in this presentation constitutes forward-looking statements. The words "anticipate", "expect", "project" and similar expressions are intended to identify such forward looking statements. Although Enbridge believes that these statements are base
Slide 3: The Enbridge Footprint
The Enbridge “Footprint” Inuvik Norman Wells Zama Fort St. John Spain Fort McMurray Edmonton Hardisty Regina Clearbrook Saint John Superior Montreal Ottawa Covenas Casper Toronto Salt Lake City Buffalo Chicago Toledo OCENSA Kansas City Patoka Bogotá El Dorado Wood Cushing River Liquids Transportatio
Slide 4: Creating Value for Our Customers
Creating Value for Our Customers Cost Efficiency Capacity Expansion Cost Price Flexibility New Market Crude Access Oil Value Capacity Volume Reliability Batch Quality 4
Slide 5: ITS Progress/Outlook
ITS Progress/Outlook Cost Savings/Power Guarantee Service Metrics Earnings Bonuses Earnings Bonuses 2005 2005 Full 2005 2005 Full Expected Actual Potential Expected Actual Potential 5
Slide 6: Capacity Expansion / New Market Access Initiatives
Capacity Expansion / New Market Access Initiatives Contract Terminaling Upstream Regional Pipelines Mainline Expansion New Market Access Acquisitions 6
Slide 7: WCSB Supply and Disposition
WCSB Supply and Disposition Type Region (000M3/D) (000 BPD) (000 M3/D) (000 BPD) 800 5,000 600 Actual Forecast Actual Forecast 3,500 700 Survey Potential West Coast Exports 500 4,000 PADD III 3,000 600 400 2,500 500 3,000 Raw Bitumen 2,000 400 300 PADD II 2,000 1,500 300 Synthetic Light 200 Puget So
Slide 8: Mainline Throughput Trajectory
Mainline Throughput Trajectory Million bpd 2.0 1.8 1.6 Capacity Nominations 1.4 Throughput 1.2 1.0 J A J O J 2005 8
Slide 9: Contract Terminaling Footprint / Hot Spots
Contract Terminaling Footprint / Hot Spots Norman Wells Athabasca Zama Fort McMurray Hardisty Caverns Edmonton Hardisty Kerrobert Calgary Regina Cromer Gretna Clearbrook Superior Montreal Casper Sarnia Toronto Hartsdale Salt Lake City Toledo Flanagan Chicago El Dorado Wood River Patoka Cushing Houst
Slide 10: Contract Terminaling Development
Contract Terminaling Development Upstream Downstream Existing 3.8M bbls 11.4M bbls Under Development 16.2M bbls 14.2M bbls $1,000M U.S. $300M 10
Slide 11: Regional Pipeline Development
Regional Pipeline Development PetroCanada/UTS (Forthills) Synenco (Northern Lights) Imperial (Kearl) Total/Deer Creek (Joslyn) Husky (Sunrise) PetroCanada (MacKay River) Suncor Opti-Nexen (Long Lake) ConocoPhillips/Total (Surmont) Cheecham Terminal EnCana (Christina Lake) Athabasca Pipeline Waupisoo
Slide 12: Net Export Production Growth vs. Export Pipeline Capacity
Net Export Production Growth vs. Export Pipeline Capacity (000 BPD) (000 BPD) 2,500 2,500 2005 Survey Potential 2,000 New Pipeline 2 2,000 New Pipeline 1 1,500 Aggressive 1,500 Southern Access Supply Growth Current Unutilized 1,000 1,000 Export Capacity 2005 Long Range Forecast 500 500 0 0 2005 2007
Slide 13: Mainline Expansion - Southern Access
Mainline Expansion - Southern Access 400 kbpd expansion, Edmonton to Chicago Approved by CAPP, fieldwork underway Edmonton Hardisty Upsize to 36” diameter Kerrobert also approved Regina Anticipated capital Cromer US $1.2 bil. ($2005) Gretna Clearbrook Montreal Superior Edmonton - Gretna Toro
Slide 14: Mainline Expansion – Alberta Clipper
Mainline Expansion – Alberta Clipper New 36” line, Hardisty to Superior 400 kbpd additional capacity into Chicago Anticipated capital US Edmonton $1.6 bil. ($2005) Hardisty Kerrobert Strong economies of scale and integration Regina Cromer Optimum market and Gretna storage access Clearbrook
Slide 15: New Market Access – Spearhead Pipeline
New Market Access – Spearhead Pipeline Clearbrook Superior Montreal Anticipated capital US Minneapolis Toronto $200 million Buffalo Sarnia Ch ic a go Toledo In service March 1, 2006 Canton Lima Current Cushing pricing r he ad Robinson strongly favours Canadian ea Wood Sp River Patoka Catlettsb
Slide 16: New Market Access - Gulf Coast
New Market Access - Gulf Coast Superior Clearbrook Montreal Toronto Minneapolis Buffalo Sarnia go ca C hi Toledo Canton Robinson Lima Initial access via Exxon Wood River Patoka Mobil initiative Catlettsburg – 65 kbpd in early 2006 y lle Cushing Va id Additional access under M il ob development n
Slide 17: New Market Access - Eastern PADD II
New Market Access - Eastern PADD II Clearbrook Superior Montreal Minneapolis Toronto Multiple refinery conversions still in play Buffalo Sarnia go ca Detroit hi C Toledo Canton Potential US $225 million Robinson Lima pipeline investment Wood River Patoka Catlettsburg Target in service 2010 y C
Slide 18: New Market Access - Southern Access Extension
New Market Access - Southern Access Extension Superior Clearbrook Montreal Toronto Minneapolis Buffalo o Sarnia g ca C hi Toledo Canton 30” diameter,179 miles, 300 Lima Robinson Wood River Patoka kbpd capacity Catlettsburg Anticipated capital U.S. y Cushing lle $320 million ($2005) Va id M il ob
Slide 19: New Market Access – Gateway Pipeline
New Market Access – Gateway Pipeline Crude Export Line: Norman Wells 36”, 700 miles, 400 kbpd, $2.5 billion ($2005) Zama Condensate Import Line: 150 plus kbpd 20”, 150 plus kbpd, $1.7 Fort McMurray 300 kbpd 400 kbpd billion standalone ($2005) Edmonton Hardisty Kerrobert Open seasons confirmed,
Slide 20: Acquisitions – Olympic Pipeline
Acquisitions – Olympic Pipeline Olympic Pipeline • 300 kbpd, 300 mile refined products system • 65% interest for US $100 million • Organic growth potential, window on upper PADD V • Operating credentials critical to success 20
Slide 21: Pipeline and Terminal Infrastructure Development Summary
Pipeline and Terminal Infrastructure Development Summary Anticipated Capital Investment 2006-2010 (Cdn. $Millions As Spent @ $0.85) $4,000 $3,550 $1,850 $1,350 $1,450 Contract Regional Mainline New Market Gateway Terminaling Pipelines Expansion Access ENB EEP 21