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Natural Gas Vehicles The West Virginia Experience Then and Now 1991 --- 2012

Natural Gas Vehicles The West Virginia Experience Then and Now 1991 --- 2012. THE DIFFERENCES: THEN AND NOW. THEN . NOW. WV UTILITY PARTICIPATION NO DIRECT PARTICIPATION FEDERAL GOVERNMENT FUNDING— 3. WV STATE PARTICIPATION SIZEABLE TAX CREDITS

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Natural Gas Vehicles The West Virginia Experience Then and Now 1991 --- 2012

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  1. Natural Gas VehiclesThe West Virginia Experience Then and Now1991 --- 2012

  2. THE DIFFERENCES: THEN AND NOW THEN NOW WV UTILITY PARTICIPATION NO DIRECT PARTICIPATION FEDERAL GOVERNMENT FUNDING— 3. WV STATE PARTICIPATION SIZEABLE TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION CHESEPEAKE ENERGY 5. FUEL PRICING $3.95+/GALLON 6. NATURAL GAS ECONOMICS— ABUNDANT SUPPLY/PRICE CERTAINITY 7. TECHNOLOGY • * WV UTILITY PARTICIPATION DIRECT PARTICIPATION--A STATION DEVELOPMENT MODEL • FEDERAL GOVERNMENT FUNDING-- 1989 -- $18 BILLION FOR VEHICLES ETC • WV STATE PARTICIPATION VEHICLE SUPPORT & TAX CREDITS • PRIVATE SECTOR PARTICIPATION “WV NATURAL GAS VEHICLE COALITION” • FUEL PRICING $2.20+/GALLON • NATURAL GAS ECONOMICS ADEQUATE SUPPLY/PRICE UNCERTAINITY • TECHNOLOGY

  3. NGV INITIATIVE--THEN • GOVERNOR CAPERTON INITIATED NGV EFFORT PSC ORDER ALLOWED 4 WV GAS UTILITIES TO UTILIZE ACCELERATED DEPRECIATION ON APPROXIMATELY $12.OM FOR NGV INFRASTRUCTURE DEVELOPMENT

  4. NGV INITIATIVE--THEN • UTILITY INVOLVEMENT 4 of 17 WV Utilities * WV Power Equitable Gas Hope Gas Mountaineer Gas

  5. NGV INITIATIVE--THEN • UTILITY INVOLVEMENT Approximately WV Power $ 1.0m Equitable Gas $ 2.0m Hope Gas $ 3.0m Mountaineer Gas $ 6.0m TOTAL $12.0M

  6. NGV INITIATIVE--THEN • UTILITY INVOLVEMENT STATION DEVELOPMENT WV Power Glen Jean—National Park Equitable Gas Clarksburg City Plant Hope Gas Parkersburg (3)* Flatwoods Mountaineer Gas Multiple Stations *

  7. NGV INITIATIVE--THEN ENERGY CORPORATION OF AMERICA AND • HOPE GAS –Parkersburg Mall * and Wood County Schools * 2. MOUNTAINEER GAS – Charleston (2) – Kanawha City & KRT Beckley (Harper Road) Nitro ( @BELL ATLANTIC) Wheeling (National Road) Martinsburg (@ Conversion Facility) • INDEPENDENT STATIONS -- Glenville and Buckhannon

  8. THE DIFFERENCES: THEN AND NOW THEN NOW WV UTILITY PARTICIPATION NO DIRECT PARTICIPATION FEDERAL GOVERNMENT-- 3. WV STATE PARTICIPATION SIZEABLE TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION CHESEPEAKE ENERGY 5. FUEL PRICING $3.95+/GALLON 6. NATURAL GAS ECONOMICS— ABUNDANT SUPPLY/PRICE CERTAINITY 7. TECHNOLOGY • WV UTILITY PARTICIPATION DIRECT PARTICIPATION--A STATION DEVELOPMENT MODEL • FEDERAL GOVERNMENT FUNDING-- 1989 -- $18 BILLION FOR VEHICLES ETC 3. WV STATE PARTICIPATION VEHICLE SUPPORT & TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION “WV NATURAL GAS VEHICLE COALITION” 5. FUEL PRICING $2.20+/GALLON 6. NATURAL GAS ECONOMICS ADEQUATE SUPPLY/PRICE UNCERTAINITY 7. TECHNOLOGY

  9. THE DIFFERENCES: THEN AND NOW THEN NOW WV UTILITY PARTICIPATION NO DIRECT PARTICIPATION FEDERAL GOVERNMENT FUNDING— 3. WV STATE PARTICIPATION SIZEABLE TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION CHESEPEAKE ENERGY 5. FUEL PRICING $3.95+/GALLON 6. NATURAL GAS ECONOMICS— ABUNDANT SUPPLY/PRICE CERTAINITY 7. TECHNOLOGY • WV UTILITY PARTICIPATION DIRECT PARTICIPATION--A STATION DEVELOPMENT MODEL • FEDERAL GOVERNMENT FUNDING-- 1989 -- $18 BILLION FOR VEHICLES ETC 3. *WV STATE PARTICIPATION VEHICLE SUPPORT & TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION “WV NATURAL GAS VEHICLE COALITION” 5. FUEL PRICING $2.20+/GALLON 6. NATURAL GAS ECONOMICS ADEQUATE SUPPLY/PRICE UNCERTAINITY 7. TECHNOLOGY

  10. STATE PARTICIPATION THEN AND NOW VEHICLE TAX CREDITS SIZEABLE TAX CREDITS Senate Bill 465 Home Refueling _ $10,000 /50% Station Tax Credit--$312,500 Public Use (otherwise $200,000) Vehicle Credit— More than 26,000 GVW $25,500/35% Less than 26,000 GVW $7,500 /35% • Station Tax Credit—None • State Vehicle Purchases • State Law Passed • Vehicle Purchase/Conversion Tax Credit • Credit = Incremental Cost of CNG Equipment • Spread Over 3 Years

  11. THE DIFFERENCES: THEN AND NOW THEN NOW WV UTILITY PARTICIPATION NO DIRECT PARTICIPATION FEDERAL GOVERNMENT FUNDING— 3. WV STATE PARTICIPATION SIZEABLE TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION CHESEPEAKE ENERGY 5. FUEL PRICING $3.95+/GALLON 6. NATURAL GAS ECONOMICS— ABUNDANT SUPPLY/PRICE CERTAINITY 7. TECHNOLOGY • WV UTILITY PARTICIPATION DIRECT PARTICIPATION--A STATION DEVELOPMENT MODEL 2. FEDERAL GOVERNMENT FUNDING-- 1989 -- $18 BILLION FOR VEHICLES ETC 3. WV STATE PARTICIPATION VEHICLE SUPPORT & TAX CREDITS 4. * PRIVATE SECTOR PARTICIPATION “WV NATURAL GAS VEHICLE COALITION” 5. FUEL PRICING $2.20+/GALLON 6. NATURAL GAS ECONOMICS ADEQUATE SUPPLY/PRICE UNCERTAINITY 7. TECHNOLOGY

  12. PRIVATE SECTOR PARTICIPATIONTHEN AND NOW • “WEST VIRGINIA NATURAL GAS VEHICLE COALITION” • 501-3c Not For Profit • OEM VEHICLES • STOPPED PRODUCTION • CHESEPEAKE ENERGY • Fueling Initiative • OEM VEHICLES • Charleston Area Alliance “Kanawha Converts” • Conversion Center • KRT Fueling Site

  13. THE DIFFERENCES: THEN AND NOW THEN NOW WV UTILITY PARTICIPATION NO DIRECT PARTICIPATION FEDERAL GOVERNMENT FUNDING— 3. WV STATE PARTICIPATION SIZEABLE TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION CHESEPEAKE ENERGY 5. FUEL PRICING $3.95+/GALLON 6. NATURAL GAS ECONOMICS— ABUNDANT SUPPLY/PRICE CERTAINITY 7. TECHNOLOGY • WV UTILITY PARTICIPATION DIRECT PARTICIPATION--A STATION DEVELOPMENT MODEL • FEDERAL GOVERNMENT FUNDING-- 1989 -- $18 BILLION FOR VEHICLES ETC 3. WV STATE PARTICIPATION VEHICLE SUPPORT & TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION “WV NATURAL GAS VEHICLE COALITION” 5. * FUEL PRICING $2.20+/GALLON 6. NATURAL GAS ECONOMICS ADEQUATE SUPPLY/PRICE UNCERTAINITY 7. TECHNOLOGY

  14. FUEL PRICING THEN AND NOW THEN NOW Regular Gas = $3.95 per gal Summer 2012 Estimated Cost = $3.95 to $4.40 per gal CALIFORNIA = $4.45 per GALI • Regular Gas = $2.20 per gal • Gasoline Price Decline

  15. THE DIFFERENCES: THEN AND NOW THEN NOW WV UTILITY PARTICIPATION NO DIRECT PARTICIPATION FEDERAL GOVERNMENT FUNDING— 3. WV STATE PARTICIPATION SIZEABLE TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION CHESEPEAKE ENERGY 5. FUEL PRICING $3.60+/GALLON 6. NATURAL GAS ECONOMICS— ABUNDANT SUPPLY/PRICE CERTAINITY 7. TECHNOLOGY • WV UTILITY PARTICIPATION DIRECT PARTICIPATION--A STATION DEVELOPMENT MODEL • FEDERAL GOVERNMENT FUNDING-- 1989 -- $18 BILLION FOR VEHICLES ETC 3. WV STATE PARTICIPATION VEHICLE SUPPORT & TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION “WV NATURAL GAS VEHICLE COALITION” 5. FUEL PRICING $2.20+/GALLON 6. * NATURAL GAS ECONOMICS ADEQUATE SUPPLY/PRICE UNCERTAINITY 7. TECHNOLOGY

  16. NATURAL GAS ECONOMICS ADEQUATE SUPPLY/PRICE UNCERTAINITY ABUNDANT SUPPLY/PRICE CERTAINITY UNCONVENTIONAL GAS SUPPLIES HORIZONTAL DRILLING SHALE GAS BARNETT HAYNESVILLE FAYETTEVILLE MARCELLUS UTICA CONVENTIONAL GAS SUPPLY VERTICLE DRILLILNG ONSHORE TEXAS GULF OF MEXICO

  17. NATURAL GAS ECONOMICSHISTORICAL NATURAL GAS PRICES JAN 1995 -- SEP 2012NYMEX PRICES

  18. Working Gas in Underground Storage 8/24/2012

  19. THE DIFFERENCES: THEN AND NOW THEN NOW WV UTILITY PARTICIPATION NO DIRECT PARTICIPATION FEDERAL GOVERNMENT FUNDING— 3. WV STATE PARTICIPATION SIZEABLE TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION CHESEPEAKE ENERGY 5. FUEL PRICING $3.95+/GALLON 6. NATURAL GAS ECONOMICS— ABUNDANT SUPPLY/PRICE CERTAINITY 7. TECHNOLOGY • WV UTILITY PARTICIPATION DIRECT PARTICIPATION--A STATION DEVELOPMENT MODEL • FEDERAL GOVERNMENT FUNDING-- 1989 -- $18 BILLION FOR VEHICLES ETC 3. WV STATE PARTICIPATION VEHICLE SUPPORT & TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION “WV NATURAL GAS VEHICLE COALITION” 5. FUEL PRICING $2.20+/GALLON 6. NATURAL GAS ECONOMICS ADEQUATE SUPPLY/PRICE UNCERTAINITY 7. * TECHNOLOGY

  20. TECHNOLOGYTHEN AND NOW STATION EXPERIENCE STATION EXPERIENCE VEHICLE EQUIPMENT SIGNIFICANT OEM VEHICLES FUEL INJECTION SYSTEMS CONVERSION COST $4,000 TO $9,000 STATION EQUIPMENT COMPRESSORS CONTROL SYSTEMS DISPENSERS • VEHICLE EQUIPMENT • LIMITED OEM VEHICLES • CARBURETION SYSTEMS • CONVERSION COST • $2,500 TO $5,000 • STATION EQUIPMENT • COMPRESSORS • CONTROL SYSTEMS • DISPENSERS

  21. TECHNOLOGYTHEN AND NOW STATION EXPERIENCE STATION EXPERIENCE VEHICLE EQUIPMENT STATION EQUIPMENT COMPRESSORS CONTROL SYSTEMS DISPENSERS • VEHICLE EQUIPMENT • STATION EQUIPMENT • COMPRESSORS • CONTROL SYSTEMS • DISPENSERS

  22. TECHNOLOGYTHEN AND NOW STATION EXPERIENCE STATION EXPERIENCE VEHICLE EQUIPMENT STATION EQUIPMENT COMPRESSORS CONTROL SYSTEMS DISPENSERS • VEHICLE EQUIPMENT • STATION EQUIPMENT • COMPRESSORS • CONTROL SYSTEMS • DISPENSERS

  23. TECHNOLOGYTHEN AND NOW STATION EXPERIENCE STATION EXPERIENCE VEHICLE EQUIPMENT STATION EQUIPMENT COMPRESSORS CONTROL SYSTEMS DISPENSERS • VEHICLE EQUIPMENT • STATION EQUIPMENT • COMPRESSORS • CONTROL SYSTEMS • DISPENSERS

  24. CNG DISPENSERS THEN NOW

  25. GASOLINE DISPENSER

  26. CNG DISPENSER

  27. CNG DISPENSER

  28. THE DIFFERENCES: THEN AND NOW THEN NOW WV UTILITY PARTICIPATION NO DIRECT PARTICIPATION FEDERAL GOVERNMENT FUNDING— 1989--$18b IN NGV FUNDING 3. WV STATE PARTICIPATION SIZEABLE TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION CHESEPEAKE ENERGY 5. FUEL PRICING $3.60+/GALLON 6. NATURAL GAS ECONOMICS— ABUNDANT SUPPLY/PRICE CERTAINITY 7. TECHNOLOGY 8. ONE FACTOR HAS NOT CHANGED! • WV UTILITY PARTICIPATION DIRECT PARTICIPATION--A STATION DEVELOPMENT MODEL 2. FEDERAL GOVERNMENT FUNDING-- NONE 3. WV STATE PARTICIPATION VEHICLE SUPPORT & TAX CREDITS 4. PRIVATE SECTOR PARTICIPATION “WV NATURAL GAS VEHICLE COALITION” 5. FUEL PRICING $2.20+/GALLON 6. NATURAL GAS ECONOMICS ADEQUATE SUPPLY/PRICE UNCERTAINITY • TECHNOLOGY • ONE FACTOR HAS NOT CHANGED!

  29. THE CNG EXPERIENCEHAS NOT CHANGED ! THE REQUIREMENT: CUSTOMER SATISFACTION

  30. THE CNG EXPERIENCEHAS NOT CHANGED ! STATION AND VEHCILE EXPECTATIONS!

  31. CNG EXPERIENCE CUSTOMER SATISFACTION: IS ABSOLUTELY NECESSARY

  32. THE DIFFERENCE: $1.94 / gal CNG: OKLAHOMA CITY 2/06/2012 GASOLINE: CHARLESTON 2/23/2012

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