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Pivotal Development: Regions of Possibilities

Pivotal Development: Regions of Possibilities. Dana Grams Senior Vice President, Pivotal Development. Pivotal Energy. Pivotal Energy Development formed within AGL Services Company in August 2003 Pivotal coordinates development, construction and/or acquisitions that complement current assets

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Pivotal Development: Regions of Possibilities

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  1. Pivotal Development:Regions of Possibilities Dana Grams Senior Vice President, Pivotal Development

  2. Pivotal Energy • Pivotal Energy Development formed within AGL Services Company in August 2003 • Pivotal coordinates development, construction and/or acquisitions that complement current assets • Focused primarily in Southeast and mid-Atlantic regions (that’s our “sphere of influence”) • Improve service to our customers through: • Increasing reliability of service • Reducing cost of service 2003 Analyst/Investor Conference

  3. Opportunities for Pivotal Now: • Capacity requirements for our distribution companies are changing Now: • Our distribution companies’ contracts for firm transportation services are expiring Soon: • Potential shifts in supply sources for natural gas 2003 Analyst/Investor Conference

  4. Sample Load Duration Curve and Supply Stack of “Assets” to meet it 2003 Analyst/Investor Conference

  5. Contracts Totaling 50% of the MDQ and 63% of Reservation Charges Expire in the Next Two Years 2003 Analyst/Investor Conference

  6. Virginia Natural Gas Service Territory 2003 Analyst/Investor Conference

  7. Pivotal Propane Peak Shaving FacilityScope and Project Objectives • Scope: • Adds 28,800 Dthd • Expandable to 66,000 Dthd • 3 million gallon Cold Storage tank • Project Objectives: • Meets 3-year peaking forecast • Expandable for 10-year demand • 10 days of peaking • South to North flexibility 2003 Analyst/Investor Conference

  8. Pivotal Propane Peak Shaving Facility Timeline May-Sep ’03 Oct ‘03 Nov ‘03 Q104 Q204 Q304 Q404 Preliminary Engineering Board Approval Regulatory Approval Complete 1/23 Permitting Permitting Complete 2/26 • VEPD • Local • County • Air • Soil Construction • Site Work • Tank Construction • Process Construction • Pipeline Propane Plant Start-up 12/04 2003 Analyst/Investor Conference

  9. Present State of Georgia Pipelines East Tennessee Transco East Tennessee Natural Gas Southern Natural Southern Natural Gas South Georgia Natural Gas Southern Natural Transcontinental Natural Gas Southern Natural Transco Southern Natural Elba Island LNG Terminal South Georgia Compressor Station South Georgia LNG Plant or Terminal South Georgia Jacksonville 2003 Analyst/Investor Conference

  10. Macon Peaking Pipeline/Bare Steel Replacement • Repatriates 70 MDth/d stranded capacity from the Macon LNG facility to metro Atlanta • Provides additional peaking to marketplace • Delivers Elba or GOM gas to Atlanta 2003 Analyst/Investor Conference

  11. In the future, supply basin flows to our region will change 2003 Analyst/Investor Conference

  12. Existing and Proposed LNG Import Facilities Bear Head(ANE) Fairwinds(TCPL, ConocoPhillips) Canaport(Irving) West Coast(Calpine) East Coast(Golar, Somerset, Weaver’s Cove) West Coast(Mitsubishi, Crystal, BHP Billiton) Cameron(Sempra) Bahamas(El Paso, AES, Tractebel) Baja, Mexico(ConocoPhillips, Sempra, ChevronTexaco, Shell, BP, Marathon) Freeport(Cheniere) Offshore GOM(Shell, El Paso, ChevronTexaco) Existing Terminals Proposed Terminals 2003 Analyst/Investor Conference

  13. Global LNG Trade Routes 2003 Analyst/Investor Conference

  14. LNG is Destined for Eastern Seaboard • Trinidad LNG is bound for US, both eastern seaboard and Gulf Coast • Qatar and Nigerian LNG may seek US markets as well • Elba Island Terminal • Current capacity 440 MDthd • Shell expansion 360 MDthd • 800 MDthd available daily • Total takeaway of 520 MDthd is mis-matched; AGL can be part of solution • AGL is poised for East Coast market opportunities 2003 Analyst/Investor Conference

  15. Georgia Marketplace Atlanta Elba Island LNG Import Terminal Jacksonville 2003 Analyst/Investor Conference

  16. AGL Marketplace: A Region of Opportunities Cove Point LNG Joint Use Pipeline OPPORTUNITY Virginia Market Place Appalachian Production VNG Propane Peaking a East Tennessee Pipeline Georgia Market Place SONAT Pipeline Macon LNG Elba Island LNG Transco Pipeline Jacksonville 2003 Analyst/Investor Conference

  17. Potential Opportunities For Investment *Required under pipeline replacement program. 2003 Analyst/Investor Conference

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