NiSource Inc · NYSE:NI
NiSource — UBS 2007 Natural Gas & Electric Utilities Conference
12 slides from NiSource's conference presentation, Mar 1, 2007
Slide 1: UBS 2007 Natural Gas & Electric Utilities Conference
Bob Skaggs, President & CEO UBS 2007 Natural Gas & Electric Utilities Conference March 1, 2007
Slide 2: Forward-Looking Statement
Forward-Looking Statement Some of the statements made in this document will be forward-looking statements within the meaning of the safe-harbor provisions of the U.S. federal securities laws. These forward-looking statements are subject to risks and uncertainties that could cause actual results to d
Slide 3: NiSource Today
NiSource Today Strategic Location Strategic Assets Organic Growth 5 3rd Largest Gas Distribution Company in U.S. 4th Largest Gas Pipeline Company in U.S. One of the Largest Gas Storage Networks in U.S. Mid-Size Regional Electric Business Super Regional Regulated Energy Company
Slide 4: Balanced/Low Risk Portfolio
Stable Credit Ratings Gas Distribution Gas Transmission Electric Operations 36 34 30 Gas Distribution 36% Electric Operations 30% 7 Balanced/Low Risk Portfolio Gas Transmission & Storage 34% 100% of Operating Earnings From Regulated Businesses Moody's - Baa3 S&P - BBB Fitch - BBB
Slide 5: Destination: Premier Regulated Energy Company
Destination: Premier Regulated Energy Company A Solid Four-Point Strategy with a Clear Path Forward 11 2003 2004 2005 2006 2007 Four-Point Platform for Growth Expansion and Commercial Growth of our Pipeline and Storage Business Regulatory and Commercial Initiatives Financial Management of the Balanc
Slide 6: Gas Transmission & Storage Expansion and Commercial Growth
Gas Transmission & Storage Expansion and Commercial Growth Maximize Value from Existing GT&S Assets Disciplined Investment in Storage and Pipeline Expansion Projects 13 2006 Progress Nearly $50M in Pipeline Optimization Millennium Pipeline FERC Approval Hardy Storage on Schedule for April 2007 Fully
Slide 7: GT&S Expansion and Commercial Growth
GT&S Expansion and Commercial Growth Millennium 4Q/2008 Hardy Storage 2Q/2007 Eastern Market Expansion 2Q/2009 Appalachian Basin Expansion 2008-09 CGT Onshore Lateral Expansion 15 Major Growth Opportunities Crossroads Expansion Midwestern Interconnect 2007 Perryville Interconnects 2006-07 TETCO Adai
Slide 8: Regulatory and Commercial Initiatives
Regulatory and Commercial Initiatives Optimization and Logistics Growth GT&S, LDC's Significant Long-term Infrastructure Investments Targeted Regulatory Initiatives Rate Design Changes Infrastructure Trackers Base Rate Cases 17 Bay State Gas Rate Increase (12/2005) Virginia (Settlement 12/2006) Indi
Slide 9: Financial Management of the Balance Sheet
Financial Management of the Balance Sheet 2001 2002 2003 2004 2005 2006 East 0.679 0.603 0.602 0.57 0.569 0.562 19 Maintain / Improve Financial Flexibility Maintain Competitive Cost of Capital Ensure Stable Investment Grade Ratings 2006 Progress $33 Million of Annual Interest Expense Savings New Ame
Slide 10: Process and Expense Management
Process and Expense Management Provide Safe, Reliable and Cost-Effective Service Relentless Focus on Continuous Improvement Capital Allocation Discipline 21 2006 Progress/2007 Update Unified Distribution Operating Model IBM Agreement Commitment to Transform Systems & Processes Currently Assessing Po
Slide 11: WCE Reached a New Definitive Agreement with BP
WCE Reached a New Definitive Agreement with BP Redefined Steam Pricing - Improved Financial Results in 2007 BP Will Seek Alternative Steam Sources by the End of 2009 Financial / Strategic Review Comprehensive Review Commitment to Investment Grade Transparent and Timely Communications - Update Progre
Slide 12: NiSource Strategic Destination: Premier Regulated Energy Company
NiSource Strategic Destination Premier Regulated Energy Company Strong Financial Profile Robust, Sustainable Earnings Growth Innovative Regulatory Practices and Constructive External Relationships Premier Safety, Reliability and Service Strong Foundation of Engaged, Aligned and Safe Employees 25 Str
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