Millennium Pipeline Company, L.L.C.

Northeast Gas Association

Regional Market Trends Forum

April 21, 2016

Rick Gardner

Sr. Vice President, Business Development

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Today’s Discussion

Millennium Pipeline Overview

Millennium Pipeline Growth

Millennium Pipeline Project Updates

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Millennium Changes

Increased our customer support team

Management changes

– Michelle Hook – Director – Public Relations

– Georgia Carter – Vice President & General Counsel

– Rick Gardner – Sr. Vice President – Business

Development

TransCanada’s pending acquisition of

Columbia Pipeline Group

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Millennium Pipeline

Millennium Pipeline is owned by the partnership of:

• Columbia Pipeline Group

• National Grid

• DTE Energy

• Empire Pipeline

• Dominion Transmission

• National Fuel

• Columbia Gas

Transmission

Millennium Pipeline interconnects with:• Algonquin

• Stagecoach Storage

• Laser

• Bluestone

Largest % of

Supply

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RamapoWagoner

Holding Point

& Corning

Steady Supply Growth in Northeast PA has led to Increased Market Deliveries

0

100,000,000

200,000,000

300,000,000

400,000,000

500,000,000

600,000,000

2013Receipts 2013Deliveries

2014Receipts 2014Deliveries

2015Receipts

2015Deliveries

MPC Throughput

Local Markets

National Fuel

AGT

TCO

Empire

Dominion

National Fuel

Stagecoach

Laser

Bluestone

(Dth)

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Winter 2015/16 Flow ( last year)

Independence

31 MM Avg. (0)

57 MM Peak (-37)

Ramapo

713 MM Avg. (-12)

842 MM Peak (+142)

Wagoner

163 MM Avg. (+115)

170 MM Peak (+71)Stagecoach

532 MM Avg. (-95)

705 MM Peak (-50)

Corning

151 MM Avg. (-57)

256 MM Peak (-95)

Laser

285 MM Avg. (-13)

308 MM Peak (-17)

Bluestone

573 MM Avg. (+127)

621 MM Peak (+219)

Holding Point

225 MM Avg. (+56)

235 MM Peak

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Eastern System Upgrade –Project Drivers

Increases Capacity between Corning and

Ramapo by approximately 200,000 Dth/day

Customers are all Northeast Utilities

Customers are seeking diversity of supply

Ramapo is a major supply point for New York

State utilities and power plants

Increased supply at Ramapo benefits both

New York and New England energy

consumers

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Eastern System Upgrade Project Overview

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Eastern System Upgrade Project Highland Compressor Station

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Eastern System UpgradeProposed Schedule

Began Outreach Program October 2015

Began Environmental Surveys November 2015

Submitted Pre-Filing Application January 2016

Submit FERC 7c Application July 2016

FERC Certificate Order July 2017

Start Construction September 2017

In-Service October 2018

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CPV Lateral –Project Description / Costs

7.9 Mile 16” Lateral to CPV’s Proposed 650 MW

Combined Cycle Power Plant

Reduces regional dependency on older less

efficient power plants

Competitive Power Ventures is the sole

customer

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CPV LateralProposed Schedule

Began Outreach Program January 2015

Began Environmental Surveys February 2015

Submitted Pre-Filing Application April 2015

Submit FERC 7c Application November 2015

FERC Certificate Order October 2016

Start Construction September 2016

In-Service April 2017

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Thank You!

For questions, please contact:

Rick Gardner at

gardner@millenniumpipeline.com

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