DTE Midstream Customer Meeting · DTE Midstream Overview – Gregg Russell • Pipeline and...
Transcript of DTE Midstream Customer Meeting · DTE Midstream Overview – Gregg Russell • Pipeline and...
DTE Midstream Customer Meeting
September 25, 2018
Agenda
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• DTE Midstream Overview – Gregg Russell
• Pipeline and Gathering Update – Chris Zona
• Operations and Logistics Update – Nadine Mathis
DTE Energy
31. Senior unsecured rating
• DTE Energy is a Fortune 300 Company
• Strong Credit Ratings1
– Moody’s: Baa1 with Stable Outlook
– S&P: BBB+ with Stable Outlook
• Market Cap ~$20 Billion
• Two Utilities serving Michigan
– DTE Gas serves 1.3 million customers; founded in 1849
– DTE Electric serves 2.2 million customers; founded in 1903
• Non-Utility segment with operations in ~20 States as well as Canada
Our Business
DTE GasDTE Electric
HeadquartersDTE Non-utility
DTE’s Business Mix
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DTE ElectricElectric generation and distribution
DTE GasNatural gas transmission, storage and distribution
Complementary Non-Utility BusinessesStrong, Stable and Growing UtilitiesFully Regulated by Michigan Public Service Commission
DTE MidstreamTransport, store and gather natural gas
Power & Industrial ProjectsOwn and operate energy related assets, encompassing 66 projects in 17 states
Energy TradingActive physical and financial gas and power marketing company
~75-80% of total earnings ~20-25% of total earnings
Pipeline Platform~880 miles of interstate pipelines across the Midwest and Northeast (MI, OH, NY, IL, IN, ON)
Millennium Pipeline: 1.8 Bcf/d capacity- Eastern upgrade + new CPV line
Vector Pipeline:1.3 Bcf/d capacity
NEXUS Pipeline: 1.5 Bcf/d capacity; in-service Q4 2018
Birdsboro Pipeline: ~80,000 MMcf/d supporting new CCGT outside Philadelphia; in-service Q4 2018
DTE Midstream: Three complementary business platforms
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Storage PlatformMichigan Storage• 91 Bcf of working capacity• Strategically located between
Chicago and Dawn trading hubs with connections to Vector, NEXUS, Rover and DTE Gas pipelines
• 1.2 Bcf/d of deliverability• Currently serving more than 40 large
customers• New enhanced deliverability services
for electric generation customers
Gathering PlatformMichigan Gathering: ~590 miles of pipelines, up to 30” diameter, supporting ~6,000 wells, 0.8 Bcf/d capacity
Bluestone Gathering - NE Marcellus: ~265 mile gathering system; 55 miles high-pressure header system (16” to 30”) and 210 miles of field gathering (8” -16”); ~1.25 Bcf/d cap. to Millennium and TGP
Link System - SW Marcellus: ~180 mile system; Appalachia Gathering System and Stonewall Gas Gathering; incl’s a high-pressure 36” header north to Texas Eastern and south to Columbia Pipeline; ~2.2 Bcf/d cap.
Tioga Gathering: New system in Tioga County, PA with current cap. 140 MMcf/d
Midstream assets support expansion into adjacent regions and markets
Mid-Atlantic & LNG
Exports
Great Lakes
Link Lateral & Gathering
Bluestone
St. Louis
Indianapolis
Chicago
Milwaukee
Washington, DC
Midwest
Southeast
Cove Point LNG
Minneapolis
New England
BirdsboroPipeline
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Tioga Gathering
Linking Supply & Demand Through Strong Customer Relationships
Fueling Growth & Delivering Value to Customers
Gathering & processing Interstate Pipelines Underground Storage
Mar
kets
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DTE Midstream: The Skillset to Serve
We bring strong customer-centric solutions to the table
Strong electric and gas utility relationships and deep
expertise in gas-fired power generation through our
Power & Industrial business
Strong understanding of producer’s needs having
built two DTE E&P businesses (Antrim and Barnett), sold in ‘07/’12
A large and well capitalized company with a strong
balance sheetProven engineering, construction and O&M skills
in pipelines, G&P and storage
Energy Trading business that can provide our customers with marketing and hedging
services
Industry leading reliability and safety records
A long and successful track record with partnerships in
the midstream space
Asset footprint well connected to load centers
and storage capacity
8www.dtemidstream.com
Agenda
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• DTE Midstream Overview – Gregg Russell
• Pipeline and Gathering Update – Chris Zona
• Operations and Logistics Update – Nadine Mathis
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DTE Midstream: Our Values
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DTE Midstream Operations
Link Lateral & Gathering
Bluestone
St. Louis
Indianapolis
Chicago
Milwaukee
Washington, DC
New YorkBirdsboro Pipeline
South Romeo, MIDetroit, MI
Canonsburg, PA
New Milford, PA
Morgantown, WV
Michigan Gathering
DTE Storage
Regional Office
Tioga Gathering
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Bluestone Gathering
• Started greenfield development in late 2010
• 256 miles of gathering, >130,000 HP
• Our original forecast expected volumes to peak at ~0.3 Bcf/d; current volumes are >1.2 Bcf/d
• YTD 2018 compressor runtime: average 98.4%
Bluestone Volumes, MMcf/d
Original Forecast
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Link Gathering System
• In October 2016, DTE acquired 100% of AGS and 55% SGG
• 175 miles of gathering, >20,000 HP• Capacity of 2.2 Bcf/d• Currently in flight on $250 MM in expansions at
AGS• Active slip remediation program• Delivers into TETCO, NEXUS and TCO• Future interconnections with MVP and ACP• YTD 2018 compressor runtime: average 99.4%
Utica ShaleMarcellus
Shale
Link Lateral &
Gathering
NEXUS Pipeline
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Birdsboro Pipeline Project
Project Summary:
DesignCapacity:
80 mmcf/dApprox. 14 miles of 12” pipe
In-Service: Late 2018
Customer: Birdsboro Power LLC
• FERC jurisdictional lateral from TETCO system
• Received FERC Certificate and Notice to Proceed Q1 2018
• Began construction 2018; Plan to be in-service late 2018
Key Milestones:
NEXUS links prolific supply to a strong and growing market; and is on track for Q4 in-service
Project Summary:
DesignCapacity:
1.5 Bcf/d New: 255 miles of 36” pipe and4 compressor stations in Ohio (total of 578 miles including existing pipe)
Access to the most prolific, low-cost supply basin in North America – 50 Bcf/d by 2030 High pressure pipeline operating near 1440 psig Well connected to Michigan and Ontario storage – 690 Bcf and 270 Bcf respectively Appalachian basis is expected to continue to trade at deep discounts Well connected to markets in Ohio, Michigan, Ontario and Chicago, providing market liquidity
Key Advantages:
Nexus Market Connections
Shippers:
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Agenda
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• DTE Midstream Overview – Gregg Russell
• Pipeline and Gathering Update – Chris Zona
• Operations and Logistics Update – Nadine Mathis
Operations & Logistics
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Contracts
LINK (AGS/SGG)BluestoneBirdsboro
TiogaWashington10MI Gathering
Gas Management (Nominations)
LINK (AGS/SGG)BluestoneBirdsboro
TiogaWashington10
Exception: MI Gathering (DTE Gas)
Invoices
LINK (AGS/SGG)BluestoneBirdsboro
TiogaWashington10MI Gathering
• Our partners in NEXUS, Vector and Millennium handle the contracts, gas management and invoices
Gas Management System Changes
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• Utilize Trellis for Current Gathering Assets– LINK (AGS/SGG)– Bluestone
• Birdsboro on Trellis upon In-Service– Informational Postings Website– Currently testing EDI/capacity release functionality
• Tioga Moves onto Trellis before Year-End– Upgrading from manual nomination/invoices to electronic system
• Washington 10 Storage Implementation– Transition from Latitude to Trellis– Support Hourly services– Q1 2019
www.dtemidstream.com
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User Access
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User Access/Notifications
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TIO
User Access/Notifications
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(BRD Only)
(BRD Only)
(BRD Only)
• Two Step for User Access Setup– Access Level– Notifications
Contacts - Operations & Logistics
During Business Hours:
After-Hours Coverage:Weekends, holidays or weekdays after 5 PM EST:Please call 313.235.3345 for after-hour nomination assistance
Anna YoungOffice: 313.235.9851Cell: 248.878.8956e-mail: [email protected]: ayoung15
Mike MoakleyOffice: 313.235.5043Cell: 313.938.2481e-mail: [email protected]: mmoakley
Tamica JohnsonOffice: 313.235.1111Cell: 248.252.1181e-mail: [email protected]: tjohnson2
Arlyn BatchelderOffice: 313.235.1825Cell: 313.401.9044e-mail: [email protected]: abatchelder
Sandy SchmidtSr Contract SpecialistOffice: 313.235.1148Cell: 313.820.7943e-mail: [email protected]: sschmidt
Nadine MathisDirector – Operations and LogisticsOffice: 313.235.6673Cell: 713.805.6835e-mail: [email protected]: nmathis5
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