2017 Southeast Agenda

•Demand Growth--- where, when, and how much?
•Moving gas around--- How robust is the regional infrastructure?
•Sources of gas and pipelines to get to it---how’s that going?
•Bottom line: Does it all balance out in the end?

Expanded discussion regarding the effects of LNG on the US and the Nat Gas Market to include the following -
•Global supply set to expand rapidly – can demand growth keep pace?
•What makes US LNG unique in the global market place?
•Where will US LNG be consumed?
•What will drive global gas pricing?
•Will more US LNG export projects be built beyond the 10.5 Bcf/d currently under construction?

Update on Cove Point -
•Project Highlights
•Project Timeline & Status
•Construction
•Economic Benefits

North American gas markets have changed a lot in the last year - domestic supply growth and timing of new pipeline infrastructure remain critical pieces of Southeast gas balances.  Increasingly, the size and timing of exports (via MX pipelines and/or LNG liquefaction facilities) will also be important factors in Southeast gas balances.  Global gas demand is forecast to grow and U.S. LNG exports are expected to play a key role in meeting that growth; as a result, Southeast gas buyers will need to consider even more variables (including global weather patterns, infrastructure outages, geopolitical risks) in determining their future price outlooks.   All of these factors could potentially add even more volatility to an already ever-changing domestic picture, reinforcing the need for a robust risk management program.

•Oil production/Oil price: Ramifications for NG
•Large NG production growth expected, but no longer a given
•Has real demand growth finally started?
•Implications of LNG demand seasonality
•HDD Trend... going, going, gone?
•Lack of high-turn storage infrastructure - If you redesigned the market today, how would it look?
•Challenges along the hydrocarbon superhighway

There are several factors affecting the natural gas market:

Exports to Mexico, Weather, LNG Exports, Changes in Regulatory Policy, Industrial Growth, Gas Fired Power Generation, Advancement in Technology for the industry, and much much more.

This panel of experts will give us some answers to the questions that are looming around the supply and demand fundamentals for the country and for the region!

With a number of mergers and consolidations in the news of recent, Drew will share his perspectives about:
·Experiences during the Southern Company and AGL Resources merger.
·Why we see the recent surge of consolidations.
·What this means to the investor community.
·What this means for the gas industry and the energy industry as a whole in this new world of consolidations.
·Why we see international interest in U.S. utilities.
·What this means for our customers and consumers of natural gas.

The Southeast is a BIG growth area for the country and we are excited about hearing from some of the BIG Players in the region regarding updates on their Pipeline Projects:

Updates on Florida SE Connection, Sabal Trail Transmission and Mountain Valley Pipeline as well as Atlantic Coast Pipeline – DTI and updates from Enable Midstream...

AVC Tribute on Joe Kapacziewski:
True American Hero- Video

Those of us in the natural gas industry today can echo Dickens’ observation. On the one hand, America is finally producing and reliably delivering an abundance of affordable, clean and domestic natural gas; while on the other, some extreme opposition exists unleashing relentless attacks on all three industry sectors: production, transportation and end-use.

President Trump’s recent Executive Order on Promoting Energy Independence and Economic Growth is a significant step to restore a common sense approach to energy policy that balances economic freedom and environmental protection. As a result, the federal government will now begin to allow American companies to compete, workers to thrive, and eliminate a long-term trend of federal overreach.

Although it is less than 90 days, we can already see few things about how a Trump Administration will impact LDCs.

Our gas buyer panelists will give you solid and valuable insight into what is currently working, what they have learned from volatility and what they will do differently next time.
Topics of discussion to include:
1. What will be the impact from electric generation power burn this summer (i.e. coal switching)?
2. When will the U.S. natural gas market see an increase in industrial demand?
3. Has the recent warm winter weather changed your strategies regarding the use of NatGas storage?  What will storage levels be in October? When will the natural gas industry see a recovery in storage arbitrage?
4. How has the current natural gas market impacted exports/imports? Thoughts and comments.
5. Are the planned pipeline projects enough to affect the current basis?
6.  What buying or pricing strategies are you currently employing, for instance what if any long-term purchases are you making or how are you managing hedging activities?
7. What are the important issues/challenges for your LDC/company/industry in both the short-term and the long-term? How will your LDC/company/industry meet these challenges?
8. How has the recent low-cost commodity environment impacted expectations of and communications with end-users and regulators?
9. What factors, other than price, influence your decision to choose one supplier over another