BMO Capital Markets

2010 Utilities and Pipelines Day

November 30, 2010

-Forward Looking Information

-Company Overview

 -Focus on natural gas infrastructure

 -Principally regulated asset base

 -Organic growth projects provide low-risk growth trajectory

-Map of Operations

-Company Facts

-Transportation & Storage

-Trunkline South Texas Project

-FGT Phase VIII Expansion

-FGT Phase VIII Expansion Timeline

-FGT Pascagoula Lateral

-Gathering & Processing

-Map of Operations

-2010 Equity Volumes

-Contract Mix

-2011/2012 Growth Opportunities

-Growth Opportunities in Shale

-Gathering & Processing Assumptions

-Distribution

-Corporate & Other

-Summary