Six-year average contract life with an investment grade shipper profile Sizable storage capacity provides a competitive advantage Growing power demand, and thus natural gas use, in the southeastern U.S. Stable cash flow, with about 90% of revenue coming from firm reservation charges Weak natural gas prices could pressure recontracting rates and cash flows Parent company El Paso Pipeline Partners L.P.'s (EPB) master limited partnership structure and significant growth aspirations The rating outlook on Southern Natural Gas Co. (SNG) is stable and reflects our rating outlook on its parent company EPB. SNG is a wholly owned subsidiary of EPB, and its corporate credit rating will be in line with our rating on EPB. The stable outlook on EPB reflects our expectation
