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Investor Presentaiton

LPRO: LEGISLATIVE POLICY AND RESEARCH OFFICE BACKGROUND BRIEF Oregon has 20 operating natural gas-fired power plants, 10 of which produce between 220 and 689 megawatts (MW) of electricity. Of the electricity generated by natural gas in Oregon, about 60 percent is exported to out-of-state users. The Mist gas field in northwestern Oregon (discovered in 1979) is the only producing natural gas field in the Pacific Northwest. Numerous reservoirs have been found in the field, and it also includes underground natural gas storage capacity in some of its depleted reservoirs.8 The primary purpose of the Mist field is underground gas storage to help align the seasonal mismatch between energy production and use for the region's natural gas and electric utilities. Oregon also imports natural gas via two main interstate pipelines: the Williams Company Northwest Pipeline (dark blue on Map 2) and the Pacific Gas and Electric Pipeline (light blue on Map 1, running south from the Oregon-California border). In July 2011, the El Paso Corporation put its Ruby pipeline (not shown on Map 2) in service, running from Malin, east along the Oregon-California border toward Nevada and Utah before terminating in Opal, Wyoming. If approved by the federal government, the Jordan Cove Energy Project, sponsored by the Canadian energy firm Versen, would result in the construction of a new liquified natural gas export terminal in Coos Bay. This facility would connect a new 230-mile natural gas pipeline (the "Pacific Connector" pipeline - red on Map 2) to the Ruby pipeline in Malin. The Federal Energy Regulatory Commission denied permits for the project in March 2016, and the project appealed for a rehearing. In May 2019, the Oregon Department of Environmental Quality, charged with enforcing the Clean Water Act standards in the state, reported the project does not meet required standards under the 401 Water Quality Certification program, which regulates the extent to which projects can pollute or degrade waterways. PACIFIC OCEAN JORDAN COVE NO TERMINAL PORTLAND Pacific Connector Gas Pipeline Project Pacific Connector Gas Pipeline, LP WASHINGTON WILLIAMS NORTHWEST PPFLINE Cash Meter at Cover Daten Shaly One Metration MEDFORD SALEM BODE MOSEBURG GAS TRANSMISSI SMISSION NORTHWEST (GIN PACIFIC CONNECTOR GAS PIPELINE, LP сти катить CALIFORNIA PACIFIC OAS & ELECTRIC COMPANY 0 50 Mis Take Ruel Caryn Ruck But TUSCA CARORA PIPELINE FIGURE 11-1 Map 2: Pacific Connector Gas Pipeline Project 8 EIA Oregon Profile Analysis. Available online: http://www.eia.gov/state/analysis.cfm?sid=OR August 8, 2019 Page 4
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