Investor Presentation
$1,225 million Acquisition of Northeast Transport & Storage Assets
Enhancing our service to Northeast customers with complementary assets connected to TGP
KMI acquired Stagecoach Gas Services
~10x 2020 EBITDA before synergies
Immediately accretive, primarily paid with cash on hand
Transaction closed in 3Q 2021(a)
Remaining Twin Tier pipeline closed in 4Q 2021
FERC-regulated natural gas transport & storage in NY & PA
~41 bcf of FERC-certificated capacity across 4 storage facilities
~3 bcfd of aggregate capacity across 185 miles of transportation
pipelines
Multiple interconnects to major interstate natural gas pipelines including
TGP, Transco, Millennium, Dominion
Stable, fee-based infrastructure
FERC-regulated assets
Highly contracted with ~80% take-or-pay (b)
Average contract tenor ~3 years
Dominion
Dominion
Market based rates for storage facilities
Anchored by major Northeast utilities and Marcellus producers
Dominion
Dominion
Steuben
TGP
Dominion
Dominion
TGP
Thomas Corners
Transco
New York
Seneca Lake
TGP
Pennsylvania
Dominion
Millennium
Marc I
KINDER MORGAN
Twin Tier
North/
South
Stagecoach-
Transco
Responsive storage is
Helps backstop growing
increasingly important: renewable power generation
Helps meet critical needs in
extreme weather
a) Vast majority of assets closed in 3Q 2021. The remaining Twin Tier pipeline ($30 million) closed in 4Q 2021.
b) Based on FY 2021 forecast.
14View entire presentation