Union Gas Storage & Transportation Customer and Supplier Meeting 2009

On August 19, 2009 the Business Development, Gas Supply, Marketer Services and Strategic Accounts Departments of Union Gas held our first combined meeting for customers and suppliers of the gas commodity, storage and transportation services that flow into Union Gas' LDC franchise area and the Dawn Hub. In what will become an annual event, our major S&T, industrial and power sector customers joined us in Toronto at the Westin Harbour Castle along with the upstream pipelines and producer/marketers that do business with our Gas Supply Department at this single-day meeting.

Presentations of the Union Gas/Spectra Energy speakers as well as Bruce Henning’s are available for download from Union’s redesigned and revitalized S&T website at: http://www.uniongas.com/2009customermeeting/

The meeting provided Union Gas' frontline sales, marketing and business development staff - plus our executive - with an opportunity to describe in their own words how the sales, facility expansion and customer service projects now underway within both Union Gas and Spectra were being designed to service the needs and interests of our guests.

Interspersed with Union Gas' presentations were two guest speakers well known within the energy industry.

Bruce Henning – VP Regulatory and Market Analysis from the global consulting firm ICF International - provided a North American outlook on natural gas markets with emphasis on meeting demand growth and the impacts that a changing supply mix will have on existing and proposed natural gas infrastructure. Bruce has worked in the area of natural gas and energy economics for 29 years providing clients with regulatory analysis, and testimony, strategic and competitive analysis, gas supply planning and natural gas price forecasting.

Jeff Rubin – the keynote speaker and former CIBC World Markets Chief Economist – shared the thought provoking views from his bestselling book "Why Your World Is about to Get a Whole Lot Smaller". Jeff’s straightforward and engaging talk focused first on understanding the linkages he sees between oil supply, energy prices and the global economy and then proposed how a return to high and volatile energy prices was in his view unavoidable - but came with a silver lining for Western economies that could lead to the revitalization of our local agricultural and manufacturing sectors.

All of Union Gas' staff and executive - plus Bruce Henning and most or our guests - stayed on after the formal presentations to join us for an evening of networking that provided time to reinforce existing relationships while forging new ones.

Feedback from those in attendance has been overwhelmingly positive for this new approach to meeting with our key partners in the Great Lakes region. Through this encouragement, plans are now underway for a 2^nd Annual Storage & Transportation Customer and Supplier Meeting in Toronto.