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Investor Presentaiton

Doubling the Townsend Gas Processing Complex Received regulatory approval for the doubling of the Townsend Facility to 396 Mmcf/d and to retrofit the existing 198 Mmcf/d shallow-cut Townsend Facility to a deep-cut facility at a future date Townsend phase 2 ■ Townsend Phase 2 will be constructed in two separate gas processing trains The first train (2A) is a 99 Mmcf/d shallow-cut natural gas processing facility located on the existing Townsend site - On-stream October 1, 2017 Fully contracted under a 20-year take or pay with Painted Pony The $125 million project was completed slightly ahead of schedule and approximately $5 million under budget The second train (2B) is under development with a target on-stream date of 2019/2020 AltaGas 1 Expectations as at August 1, 2018 See "forward-looking information" 39
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