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Florida Gas Transmission

Rock Meyer
President

ECO04391620

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Florida Gas Transmission Company
Phase IV Market Area Expansion

 250 Bbtuld 20-Yr firm contracts

 $262 MM projected capital cost

 Filed with FERC December 1, 1998

 Received preliminary determination

July 1999


TECO PGS
FT. MYERS

 FERC Certificate received - March 2000

 Commenced construction - May 2000
 Initial testing October 2000

 Target in-service-date May 1, 2001
 Florida Power & Light's Ft. Myers

project "anchors" expansion

rowing SW Florida

 Establishes pipeline presence in

ECO043991621



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Florida Gas Transmission Company
Phase V Market Area Expansion



 Additional capacity needed to meet
electric generation requirements

 Open season concluded April, 1999

 FP&L - Sanford, Southern Company's
Plant Smith

Approx: 400 Bbtu/d incremental
capacity supported by 20-Yr firm
contracts

 Filed with FERC amended application
August 1, 2000

 Anticipated In-Service April, 2002
*_$460 MM 'projected capital cost

  Tampa Electric's Bayside project

EC004391622



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Florida Gas Transmission Company

Phase VI Expansion

 Meetings with customers in progress
 Repowering projects & IPP merchant plants will be target
markets
 200-300 Bbtu/d potential load opportunity

TIMING

-- Anticipated in-service late 2003
- Capital requirements $400-600 Million

 Analyzing LNG based project (ELBA ISLAND) as pipelinelgas
supply alternative
 Phase VI Project in competition with "alternative across the bay"
pipeline projects

  ECO0439.1823

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Florida Gas Transmission Company
Competing Pipelines

  -A A
  _ 1 5; L B R I k == _ _ Cypress
Pipeline
E0004391624

  EXISTING FGT PIPELINE - COASTAL
PHASE IV - WILLIAMSIDUKE
  -_ =- PLO

  PHASE V ... CYPRESS (EL PASO),,!,,,  Recent State Supreme Court Decision Related To Merchant Plants _

  Has "Clouded" The Issue On Who Serves the Market Growth!!!
b

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