Filed: 2018-04-04, EB-2017-0306/EB-2017-0307, Exhibit JT1.21, Attachment 1, Page 1 of 9 22 November 2017
The New Enbridge SLIDE 2 Filed: 2018-04-04, EB-2017-0306/EB-2017-0307, Exhibit JT1.21, Attachment 1, Page 2 of 9 4 th largest company in Canada Operates the longest crude oil transportation system in the North America Operates Canada s largest energy distribution companies: Enbridge Gas & Union Gas: serve consumer markets in Ontario, Quebec & New Brunswick and New York Canada s second largest investor in renewables (wind, solar, hydroelectric, geothermal etc.)
Enbridge in Ontario Delivers 95% of Ontario s natural gas and 96% of its petroleum products Natural Gas 3.6 M customers, heating more than 75% of Ontario homes, through two utilities Employment Over 4,500 Ontario-based permanent and temporary staff. Filed: 2018-04-04, EB-2017-0306/EB-2017-0307, Exhibit JT1.21, Attachment 1, Page 3 of 9 Key Projects of Interest: Renewables 7 projects: wind, solar and hydroelectric (490 MW). Natural Gas Rural Expansion: $100M expansion provincial grant program to add rural communities and economic development projects; results expected in next few weeks. Liquids Pipelines 3 pipelines which move 491,000 barrels per day. Line 10: replacement of 35km of Line 10 segment near Hamilton, approved by NEB in 2017. East-West Tie Transmission: upcoming application to the OEB. Infrastructure ~$14 billion (2016) between Enbridge Gas Distribution and Union Gas Property Taxes Pays more than $127 million in property and other taxes each year.
Filing detailed 10 year capital maintenance plans with OEB for both utilities > $7 B Potential expansion to 49 communities - $200M net investment over 4-5 years Gas Pipelines & Storage Asset Growth Continued Panhandle System expansions Leverage the integrated storage assets & connection to growing supply Execute on integration to position for best-in-class service model & future utility platform 4 Filed: 2018-04-04, EB-2017-0306/EB-2017-0307, Exhibit JT1.21, Attachment 1, Page 4 of 9 Utility Priorities Integration Strategy Utility Rate Base Growth 10 Year filing under MAADs process $, billions 1,500 Forecasted Capital Approved Capital Single utility leadership structure Centralized governance Board approval of capital investments and periodic integration progress reporting 1,000 500 0 2017 2018 2019 2020 2021 Strong rate base growth in next three years
Enbridge Part of the Solution Supporting the Transition to the Low Carbon Economy Decarbonize the Gas Supply with Renewable Natural Gas & Hydrogen SLIDE 5 Filed: 2018-04-04, EB-2017-0306/EB-2017-0307, Exhibit JT1.21, Attachment 1, Page 5 of 9 Energy Conservation Technology & Energy Optimization Average Residential Customer Usage Reduced Natural Gas use by 21% $ Residential Customers save $2.67 for each dollar spent on natural gas conservation (Environmental Commissioner of Ontario, 2016) Rely on natural gas on coldest days Use air source heat pump on most days 60% reduction in GHG s Less than ½ lifecycle cost of full electric air source heat pump
Significant opportunity to achieve customer and shareholder benefits with integrated utility 6 Filed: 2018-04-04, EB-2017-0306/EB-2017-0307, Exhibit JT1.21, Attachment 1, Page 6 of 9 Gas Distribution Key Priorities Summary Strong continued rate base growth Expansions of Dawn area infrastructure Attach new communities Establish new, balanced regulatory framework with incentive upside
Filed: 2018-04-04, EB-2017-0306/EB-2017-0307, Exhibit JT1.21, Attachment 1, Page 7 of 9 What drives us? Our Values and Strategic Intents INTEGRITY SAFETY RESPECT
Envision the Future Filed: 2018-04-04, EB-2017-0306/EB-2017-0307, Exhibit JT1.21, Attachment 1, Page 8 of 9
Filed: 2018-04-04, EB-2017-0306/EB-2017-0307, Exhibit JT1.21, Attachment 1, Page 9 of 9 Thank You