Natural Gas Pricing:

Yesterday, Today & Tomorrow

Presents:

Retail Marketing•Large Customer Sales•Small Customer Sales•Risk Management Services

Oil & Gas Exploration &Production•Risk Management Services•Product Sales

Established November 1, 1999

NYMEX Natural Gas Price History

20132003 2004 2005 2006 2007 20082000 2001 2002 2009 2010 2011 2012

NYMEX as of 10/19/2012

November 3.58December 3.91 Average: Basis: $ 0.10January 4.03 3.91February 4.05March 4.00April 3.94May 3.96June 4.00 Average: Basis: $ 0.20July 4.02 4.05August 4.08September 4.12October 4.20

US Total Natural Gas Storage

Natural Gas Storage by Month

US Natural Gas Production

US Natural Gas Rig Count(Data through 9/14/2012)

US Total Natural Gas Demand

Natural Gas / Coal Comparative PricingShare of total net generation by fuel type

US LNG Growth

Winter 2012 – 13 Forecast

December 2012 Forecast

January 2012 Forecast

February 2012 Forecast

Price Forecast