Platts M2MS-Gas provides independent assessments of North America monthly forward gas prices at 88 hubs. Daily 10-year and monthly 20-year curves are derived using a combination of Intercontinental Exchange (ICE) activity and settlement data, broker quotes, and sophisticated quantitative techniques. Monthly price granularity and an open and validated methodology bring greater transparency to forward natural gas markets.

KEY FEATURES OF M2MS-GAS• Published daily, 120-month (10-year) forward curves provide market-based forward prices with monthly granularity

• Published monthly, 240-month (20-year) forward curves combine current 120-month daily forward assessments with 240-month price extensions incorporating market fundamentals

• Published daily, 36-month (3-year) forward heat rates are calculated as the ratio between M2MS-Power/Henry Hub and M2MS-Power/Specified Regional Hub at the same delivery month

PLATTS, THE EXCLUSIVE PUBLISHER OF ICE-DRIVEN FORWARD CURVES, OFFERS CURVES FOR 88 NATURAL GAS LOCATIONS IN 5 REGIONAL PACKAGES

PLATTS M2MS-GAS (NORTH AMERICA) COVERAGE GUIDE

Northeast Region Gulf Coast Region Mid-Continent Region Upper Midwest Region Rockies & West Region

Algonquin City Gate Agua Dulce Hub Tenn 100 Leg ANR OK ANR ML 7 Cheyenne

Columbia Gas Appalachia ANR LA Tenn 500 Leg Enable Gas East Chicago City Gate CIG Rocky Mountains

Dominion North Point NEW Carthage Hub NEW Tenn 800 Leg Enable Gas West Cons Energy City Gate El Paso Permian

Dominion South Point Columbia Gulf LA Tenn Zone 0 NGPL Midcon Dawn Ontario El Paso San Juan

Dracut MA Columbia Gulf Mainline Texas Gas Zone SL Oneok OK Emerson Empress

Iroquois Receipts Florida City Gate Texas Gas Zone 1 Panhandle TX-OK Mich Con City Gate GTN Kingsgate NEW

Iroquois Zone 2 Florida Gas Zone 1 Transco Zone 1 Southern Star TX-OK-KS Northern Demarc Kern River Dlvd

Lebanon Hub Ohio Florida Gas Zone 2 Transco Zone 2 Northern Ventura Kern River Opal

Millennium East Receipts NEW Florida Gas Zone 3 Transco Zone 3 NW Can Border Sumas

Niagara Henry Hub Transco Zone 4 NW WY Pool Rockies

Tenn Zone 4-200 Leg NEW Houston Ship Channel Trunkline E LA PG&E City Gate

Tenn Zone 4-300 Leg NEW Katy Trunkline W LA NEW PG&E Malin

Tenn Zone 6 Delivered NGPL S TX TX Eastern E LA PG&E South

Transco Leidy Line Receipts NGPL TX-OK TX Eastern E TX Questar Rockies NEW

Transco Zone 5 Delivered Southern Natural LA TX Eastern M-1 SoCal Gas

Transco Zone 6 non-NY TX Eastern S TX SoCal Gas City-Gate NEW

Transco Zone 6 non-NY North NEW TX Eastern W LA Socal Ehrenberg

Transco Zone 6 NY Stanfield OR NEW

TX Eastern M-2 Receipts NEW TC Alberta AECO-C

TX Eastern M-3 Transwestern Permian

Waha

M2MS-Gas National Package Locations

Algonquin City Gate NW Can Border Sumas

Chicago City Gate NW WY Pool Rockies

Columbia Gas Appalachia Panhandle TX-OK

Columbia Gulf Mainline PG&E City Gate

Dawn Ontario PG&E Malin

Dominion South Point SoCal Gas

El Paso Permian TC Alberta AECO-C

El Paso San Juan Tenn 500 Leg

Florida Gas Zone 3 Transco Zone 3

Henry Hub Transco Zone 4

Houston Ship Channel Transco Zone 6-non NY North NEW

Mich Con City Gate Transco Zone 6 NY

NGPL TX-OK TX Eastern M-3

Northern Demarc Waha

Northern Ventura Southern Natural LA

Optional M2MS-Gas National Package includes a cross-section of 30 North America trading hubs.

For more information, please visit us online or speak to one of our sales specialists: www.platts.com support@platts.com

NORTH AMERICA +1-800-PLATTS8 (toll-free) +1-212-904-3070 (direct)

EMEA +44-(0)20-7176-6111

LATIN AMERICA +55-11-3371-5755

ASIA-PACIFIC +65-6530-6430

RUSSIA +7-495-783-4141

© 2016 S&P Global Platts, a division of S&P Global. All rights reserved.

Rockies & West

Northeast

Gulf Coast

Mid-Continent

Upper Midwest

South Carolina

Vermont

Connecticut

Maryland

Texas

Arizona

Maine

Washington

Idaho

Mississippi

South Dakota

Tennessee

Louisiana

Sinaloa

Oregon

Oklahoma

Ohio

New Brunswick

New Mexico

Nuevo León

North Dakota

Nebraska

North Carolina

New Hampshire

British Columbia

Nevada

Montana

Missouri

Massachusetts

Durango

Pennsylvania

Colorado

Sonora

Minnesota

Kansas

Chihuahua

Ontario

California

Kentucky

New York

Iowa

Manitoba

Coahuila

Virginia

Arkansas

Baja California Sur

Québec

Georgia

Wyoming

Delaware

Baja California

Alberta

New Jersey

Alabama

Utah

West Virginia

Indiana

Saskatchewan

Wisconsin

Tamaulipas

Illinois

Michigan

Florida

RI

NS

NW Can Bd Sumas

Transco Zn3

TX Eastern E TX

ANR LA

Questar Rky Mtn

Henry Hub

Empress

Col Gas Appal

TC Alb AECO-C

Trunkline WLA

Mich Con CG

Tennessee zone 4-300 leg

Emerson

Nrthrn Ventura

Transco Zn2

Transco Zn5 Dlv

FL Gas Zn1

PG&E South

Algonquin CG

Sth Star TxOkKs

CIG Rocky Mtns

Lebanon Hub-Ohio

Dominion S Pt

Tennessee zone 4-200 leg

TX Eastern S TX

Enable Gas West

Nrthrn NG Demarc

Transco Zn1

Transco Zn6 NY

Agua Dulce Hub

PG&E Malin

FL Gas Zn3

TX Eastern M-3Chicago CG

KERN RIVER OPAL

Tenn Zn6 Dlvd

Dominion N Pt

Enable Gas East

Niagara

Transco Leidy Line receiptsTransco Zn6 xNY

PG&E CG

Transco Zn4

SoNat LA

CHEYENNE

El Paso SanJuan

Kern River Dlvd

FL Gas Zn2

Dawn Ontario

Tenn Zn0

NGPL Texok Zn

TX Eastern W LA

Texas Gas Zn SL

Transco Zone 6 Non-NY North

Florida CG

Panhandle TX-OK

Carthage Hub

SoCal Gas city-gate

Katy

Tenn LA 800 Leg

Cons Energy CG

NGPL S TX

Texas Gas Zn 1

Transwestn Perm

Iroquois Recpts

Oneok OK

GTNW Kingsgate

ANR OK

SoCal Gas

Iroquois Zn2

Dracut MA

Col Gulf Mnline

Tenn LA 500 Leg

NGPL Midcont

Texas Eastern zone M-2 receipts

Waha

NW WY Pool/Rky

TX Eastern E LA

ANR ML 7

Socal Ehrenberg

Houston ShipChl

El Paso Permian

Tenn 100 Leg

Col Gulf LA

Millennium East receipts

TETCO M1

Trunkline E LA

Olympia

Augusta

Montpelier

Salem Helena

Bismarck

Concord

BostonAlbany

Providence

Saint Paul

Hartford

Boise

Pierre

LansingMadison

TrentonHarrisburg

Dover

Des Moines

Annapolis

Salt Lake City

Washington, DCColumbus

CheyenneCarson City

Lincoln

Sacramento

Indianapolis

Richmond

Charleston

Denver

FrankfortTopeka

Raleigh

Nashville

Santa Fe

ColumbiaOklahoma City

Little Rock

AtlantaPhoenix

MontgomeryJackson

Tallahassee

Baton RougeAustin

Fredericton

Regina

Victoria

Saltillo

Hermosillo

Mexicali

Chihuahua

Quebec

Winnipeg

Monterrey

Toronto

Hub TypeMarket

Proxy

M2MS Gas Trading Hubs