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STATE of THE Natural gas inDUSTRY

STATE of THE Natural gas inDUSTRY. John B. Ramil President & CEO TECO Energy 2014 FNGA Annual Convention. Peoples Gas Service Area Tampa Electric & Peoples Gas Service Area. 2. Florida’s electricity market. 60% of Florida Electricity Produced from Natural Gas 25% for the United States

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STATE of THE Natural gas inDUSTRY

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  1. STATE of THE Natural gas inDUSTRY John B. Ramil President & CEO TECO Energy 2014 FNGA Annual Convention

  2. Peoples Gas Service Area Tampa Electric & Peoples Gas Service Area 2

  3. Florida’s electricity market • 60% of Florida Electricity Produced from Natural Gas • 25% for the United States • Planned Generation Additions – Predominantly Gas-fired • Limited Electrical Import Capability • 3500 MW, with Peninsular Florida Peak of 43,000 MW • Long Distances to Transport Fuel Electricity Rates: Below National Average

  4. Florida’s ldc market • Growth Drivers • Commercial / Industrial Power Generation Load • Expected Residential Development Rebound • CNG for Transportation • Future – LNG for Transportation

  5. Natural gas growth drivers • Added Commercial / Industrial Load • Favorable gas pricing • Lower emissions • Results • Long term transportation contracts • Long term distribution contracts

  6. Natural gas growth drivers • Residential Housing • Rebound has begun • 2011 = 728 units • 2012 = 702 units • 2013 = 4,828 units • 2014 end of May = 4336

  7. Natural gas growth drivers • CNG • Vehicle Fleets & Vehicle Fueling Stations • Results • 572 vehicles • 22 fleet customers • 26 CNG fueling stations (in the last 4 years) • April 2014 added HART station • Increase in government RFPs • Private fleets steady

  8. Natural gas growth drivers • LNG • Trucking • Marine and rail • Peaking fuel

  9. New Mexico Gas company Acquisition • Announced purchase intent in August 2013 • NMGC is based in Albuquerque • 509,000 customers across New Mexico • 740 employees • Settlements reached • New Mexico Industrial Energy Consumers • New Mexico Attorney General’s office

  10. New Mexico Gas company Acquisition • Next Steps • Hearing examiner’s “recommended order” in coming weeks • PRC’s vote due later this summer • Closing expected in 3rd Quarter

  11. Florida legislature / regulatory support • FEECA (1980) • Standard Residential Rebates (2008) • Standard Commercial Rebates (2014) • CNG Vehicle Legislation HB579 (2103) • Cast Iron / Bare Steel Riders (2013)

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