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FERC Fundamentals – Process & Procedures Presenters: Jeff Hulbert, Kinder Morgan Overview: This introductory course will provide an overview on the in’s and out’s of the FERC website. Specifically, the course will instruct participants on what are tariffs, common information included in tariffs, how to find tariffs online using the e-tariff viewer, how to search dockets using the Advanced Search Features, how to register for a docket, how to find the service list, and much more. The course will also cover the FERC structure (5 commissioners and relevant OEMR office), and common information found in Form 6 filings (barrel miles, parent-ownership information). Course Objective: Learn the FERC basics and how to navigate the FERC website. Level/Credits: Accounting, Tariff, Legal & Business Development - No CLE/CPE Beginner Level Introduction to FERC Ratemaking Presenters: Daniel Poynor, Steptoe & Johnson, LLP; Michael Webb, Regulatory Economics Group LLC Overview: De-mystifying the regulatory process: get your regulatory bearings with the 'who,' 'what,' 'where,' and 'how' of FERC regulation. A course for beginners that explains what the FERC is; its organizational structure; areas and people that address oil pipeline issues and filings; why FERC is the chosen regulator of the pipeline industry; what filings are required for oil pipelines; what FERC does with the data filed; and how third parties use this data. In addition, this course will cover FERC tariff regulation. A brief overview will be given of the four rate-setting methodologies established by the FERC after Congress passed the Energy Policy Act of 1992. Learn about all of the available FERC ratemaking methodologies, and the benefits and risks associated with each. The course will end with a brief outline of various FERC-related issues that pipelines should keep in mind. Course Objective: Identify basic aspects of oil pipeline regulation by FERC; identify essential elements of pipeline tariffs and how those elements affect pipeline accounting. Identify legal requirements of pipelines that operate as common carriers under the Interstate Commerce Act. Level/Credits: Accounting, Tariff, Legal & Business Development - 105 CPA/CLE Minutes - Beginner Level - NASBA SKA

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Plenary Session

The plenary session will feature discussions with leading business executives, the media, and industry professionals on the latest trends and developments in the oil pipeline industry. Speakers will address the importance of FERC regulations, discuss investment in new pipeline capacity and pipeline safety, and provide insight on today's most pressing issues facing operators. Attendees will come away with a strong understanding of current pipeline industry matters. Executives’ Perspective Presenters: Mike Mears, Magellan Midstream Partners, LP; Tim Felt, Colonial Pipeline Company; Todd Denton, Phillips 66; Mike Smith, Enterprise Products Partners TE Overview: Join AOPL executives for a discussion on trends, challenges, and opportunities in the pipeline industry. Learn what issues are on the minds of leading executives in the pipeline industry. Course Objective: Review key issues and trends in the pipeline industry. Level/Credits: A, T, BD & L- 45 CPE/CLE Minutes - All Levels - NASBA SKA Oil Pipelines and FERC Policy Presenter: Steve Kramer, Association of Oil Pipe Lines Overview: This presentation will provide an overview of how pipelines are regulated in the U.S., and will review trends in the industry. Course Objective: Receive a primer of oil pipeline policy. Level/Credits: Accounting, Tariff, Business Development & Legal - 20 CPE/CLE Minutes -All Levels - NASBA SKA Pipeline Market Trends Presenter: Lucian Pugliaresi, Energy Policy Research Foundation, Inc. Overview: This presentation will provide an overview of the Energy Policy Research Foundation’s recent research on the crude oil infrastructure opportunities and challenges from the rising production throughout North America. Energy Policy Research Foundation (EPRINC) is in the 5th year of a comprehensive assessment of North American production potential, including forecasts of likely future output and modes of moving new production to market. EPRINC is also assisting the Department of Energy with infrastructure analysis to support the Quadrennial Energy Review, and provides ongoing assessments of the strategic benefits (for the Department of Defense) on rising liquid volumes from North America. Course Objective: Review key factors that are affecting the industry. Level/Credits: Accounting, Tariff, and Business Development & Legal - 50 CPE/CLE Minutes -All Levels - NASBA SKA

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Overview of Pipelines at FERC Presenter: Nils Nichols, Federal Energy Regulatory Commission Overview: Understand issues on the horizon at FERC and review noteworthy pipeline matters. Course Objective: Review noteworthy occurrences at FERC. Level/Credits: A, T, BD & L - 35 CPE/CLE Minutes — All Levels — NASBA SKA

SESSION 1

Form 6 Introductory Session Presenters: Anita Phelps, BP Pipelines; Carla White, ExxonMobil Pipeline Company Overview: The course will walk participants through the basic format of the Form 6 and the different uses of Form 6 data, methods for accessing Form 6 data, methods to analyze data included in the Form 6, methods for developing a Form 6, how to validate Form 6 data, and finally, will review the Form 6-Q. The course will also introduce how to develop a Form 6, how to validate Form 6 data, and how to analyze Form 6 data for your company. Course Objective: To provide a basis for understanding what the Form 6 is and how to develop and use the Form 6 data. Level/Credits: Accounting & Tariff - 105 CPA/CLE Minutes - Beginner Level - NASBA SKA The Evolution of Liquid Pipeline Regulation in North America - US and Canadian Perspectives Presenters: Steven Reed, Steptoe & Johnson LLP; Gordon Nettleton, McCarthy Tetrault Overview: This course will compare and contrast the manner in which liquids pipelines have been regulated in the United States and Canada and how such regulation has evolved over time. Specific areas of focus will include: • How the obligation to provide transportation service as a common carrier has been

applied to liquid pipelines in the U.S. and Canada and how this obligation has evolved over time.

• How traditional cost of service methods of rate regulation have evolved to include new options on both sides of the border.

• Comparison of the roles of the FERC and National Energy Board, respectively, with respect to new pipeline infrastructure

• How heightened public awareness of liquids pipelines is affecting the way the respective regulatory agencies view their roles.

Course Objective: Review key highlights of the development of US and Canadian oil pipeline regulation Level/Credits: Accounting, Tariff, and Legal & Business Development - 80 CPE/CLE Minutes -All Levels - NASBA SKA

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Hot Topics in Oil Pipeline Ratemaking: Rate Design & Cost Allocation Presenters: Charles Caldwell, Caldwell Boudreaux Lefler PLLC; Bob Van Hoecke, Regulatory Economics Group, LLC Overview: This course focuses on the trends and options in designing rates in various environments, with special attention to recent FERC open season orders. It also examines recent FERC developments in cost allocation formulas (Massachusetts and Kansas-Nebraska), including attention to options for complex company structures. Course Objective: Review practices and latest developments in cost allocation and rate design before FERC. Level/Credits: Accounting, Tariff, Legal & Business Development, Intermediate & Advanced - 80 CPE/CLE Minutes - NASBA AA “Tis the Open Season” Presenters: Bill Williams, Sidley Austin; Mona Tandon, TransCanada Overview: The course will cover the commercial incentives and legal requirements for crude oil and products pipelines to conduct open seasons. It will also review issues associated with open season initial offerings and early or final commercial arrangements, the interplay between open seasons and PDOs and/or rate and tariff filings, situations in which an open season must be conducted and scenarios where open seasons are not necessary. The panel hopes the session will be interactive. Course Objective: Share non-sensitive commercial experience regarding open seasons. Level/Credits: Tariff, Legal & Business Development - 80 CLE Minutes - Advanced Level - NASBA Business Man. & Org.

SESSION 2

Understanding and Applying FERC Accounting Standards Presenters: Erik Wetmore, Turner Wetmore Collins, LLC; Gary Clendenning, Phillips 66 Overview: Isn't accounting just accounting? What can be so different about accounting for pipelines? Some understand the concept of GAAP (well, not International GAAP) so what can be so different with FERC accounting standards? The speakers will lead participants through an overview of FERC requirements, a stimulating journey through the differences between US of A and GAAP, identify who must file and what is in the Form 6 and Form 6-Q, and demonstrate a tool to validate your Form 6. Course Objective: Identify essential elements of regulatory accounting standards for pipelines. Level/Credits: Accounting & Tariff - 80 CPA/CLE Minutes - All Levels - NASBA AA FERC Jurisdictional Jeopardy Presenters: Bob Van Hoecke, Regulatory Economics Group, LLC; Daniel Poynor, Steptoe

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& Johnson, LLP Overview: This interactive course features witty, devilishly handsome, and knowledgeable hosts and volunteers from the audience who entertain and enlighten regarding oil pipeline jurisdictional issues. Have fun while learning what constitutes the interstate common carrier transportation of oil by pipeline for purposes of Federal Energy Regulatory Commission jurisdiction. Play along and you might find yourself saying, “I’ll take ‘Outer Continental Shelf Pipelines’ for $500, Alex.” Course Objective: Understand the legal and factual considerations that determine whether a pipeline is regulated by the Federal Energy Regulatory Commission as an interstate common carrier oil pipeline. Level/Credits: A, T, L, & BD - 80 CPA/CLE Minutes - All Levels - NASBA SKA Tariff 101 Presenters: Tina Granger, Magellan Midstream Partners, LP; Aaron Kahn, Federal Energy Regulatory Commission Overview: This course provides everything you always wanted to know about tariffs but were afraid to ask! It will walk you through the regulations of why tariffs must be filed. It will provide hands on tariff examples and instruction for noting tariff changes for various tariff types. In addition, we will walk through the mechanics of filing tariffs electronically through the FERC portal. Course Objective: Provides the basic instruction on how, when, and why pipelines file tariffs with the FERC. Level/Credits: Accounting & Tariff - 80 CPA/CLE Minutes - All Levels - NASBA SKA NTSB & PHMSA Investigations Compared Presenters: Joel Kanvik, Enbridge Energy Company, Inc.; Dane Jaques, McKenna Long & Aldridge, LLP Overview: This session will examine the legal and regulatory basis for the U.S. National Transportation Safety Board’s and Pipelines and Hazardous Materials Safety Administration’s investigatory authority, highlighting the differences between the two agencies’ involvement. The discussion will also include practical considerations on how to deal with each of the agencies during their investigations. Course Objective: Understand the differences and similarities of NTSB and PHMSA investigations Level/Credits: Legal & Business Development - 80 CPE/CLE Minutes - Advanced Level - NASBA Business Man. & Org.

SESSION 3 Key Accounting Topics for Oil Pipelines Presenters: Steve Dalhoff, Enterprise Products Partners LP; Matthew Petersen, Regulatory

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Economics Group, LLC Overview: This course explores selected accounting issues that impact AOPL member companies. Receive an update on changes to financial reporting standards (FASB update) applicable to oil pipeline companies. Review recent Securities and Exchange Commission (SEC) comment letters issued to AOPL member companies and the regulatory implications for financial statement disclosures. Explore selected resolved issue addressed by the Oil Pipeline Industry Accounting Guidelines and discuss implementation of the Guidelines. Course Objective: Become familiar with the development of national financial accounting standards; learn how regulation makes accounting essential to commercial success; discover and understand oil pipeline accounting guidance beyond the FERC regulations. Level/Credits: Accounting - 80 CPE Minutes - All Levels - NASBA AA FERC Decisions Update I Presenters: Chris Barr, Post & Schell LP; Charles Caldwell, Caldwell Boudreaux & Lefler, PLLC Overview: Keep up with the most recent developments on key regulatory issues at FERC. This course provides an update regarding recent FERC decisions with a focus on the following: (1) market-based ratemaking; (2) cost of service ratemaking, including the role of contract rates in a post-Seaway environment; (3) who has standing to bring protests; (4) developments in rulemaking and regulations; and (5) court decisions and proceedings. Course Objective: Review key issues in recent FERC decisions and proceedings, as well as court proceedings. Level/Credits: Accounting, Tariff, Legal & Business Development - 80 CPA/CLE Minutes - All Levels - NASBA Law Tariff Design and Profitability in A Regulatory Environment Presenters: Tina Granger, Magellan Midstream Partners, LP; Steve Brose, Steptoe & Johnson, LLP Overview: This course focuses on how it is possible, even in a regulated world, to be creative and profitable while staying within the bounds of the regulations. In addition to exploring the opportunities available under the familiar cost of service and market based rate approaches, we will review less common tariff types such as proportional tariffs, incentive rates, premium rates for priority service, surcharges, and other means of maximizing revenue opportunities for regulated service. Course Objective: Explore the basic and more creative ways of maximizing profit under the Interstate Commerce Act and FERC’s tariff regulations. Level/Credits: Accounting, Tariff, Legal & Business Development - 80 CPA/CLE Minutes - Advanced Level - NASBA SKA Emergency Response and Command System Best Practices Presenters: Curtis L. Craig, Explorer Pipeline; Chris A. Paul, Blueknight Energy Partners

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Overview: While pipelines have an excellent record for safe operations, especially when considering the amount of materials moved so efficiently, accidents and spills must still be contemplated and preparations for response must be made and then executed properly. Spills, even though of low frequency, may have high consequences, and must be addressed with speed and thoroughness. Appropriate response will be judged by various parties including response personnel, the media, plaintiffs’ lawyers, other regulators including those with enforcement powers, the industry, and by your company. Decisions made in the first hours are critical, and the demonstration (or failure of such demonstration) of competence and capabilities will either build or destroy credibility with those watching, and in either case will have significant impact on company financials, resuming and continuing operations, and your reputation. This discussion will use a scenario involving a spill to set up a series of simulations in depositions or courtroom settings to illustrate the types of questions you or your personnel may encounter in the aftermath of an unfortunate event. Course Objective: Provide attendees with legal and regulatory information to help them prepare for and respond to incidents, understand the objectives and application of incident command systems, and provide a vehicle for discussion of examples of legal and regulatory inquiries that will be made following an incident Level/Credits: Accounting, Legal & Business Development - 80 CLE Minutes - Advanced Level - NASBA SKA

SESSION 4 Accounting for Regulatory Activity: Why Should you Care? Presenters: Karen Abbas, Regulatory Economics Group, LLC; Steve Dalhoff, Enterprise Products Partners LP Overview: The session is designed to identify the relationship between the accounting and regulatory functions and will highlight the importance of working together for the business interest of the pipeline company. Topics covered are geared to both the accountant who accumulates and verifies data and regulatory specialists who use the data. The session with also highlight the importance of understanding where and how financial data is accumulated and how it is used in the regulatory arena. The goal is to increase awareness of the importance of accurate data, and to explain how the data is used in the ratemaking process. Course Objective: Recognize the importance of accounting data and the regulatory group’s use of this data. Understand the relationship between the accounting and regulatory functions. Level/Credits: Accounting, Tariff, & Business Development - 80 CPE Minutes - All Levels - NASBA AA FERC Decisions Update II

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Presenters: Steve Brose, Steptoe & Johnson, LLP; Steve Reed, Steptoe & Johnson, LLP Overview: Catch up on the latest from FERC. This course provides an update regarding recent FERC decisions with a focus on the following specific topics: (1) new pipeline projects and expansions including open seasons, rate and service terms, and surcharges; (2) tariff rules and regulations; (3) jurisdictional issues (including the status of ethane pipelines); and (4) FERC audits. Course Objective: Review key issues in recent FERC decisions. Level/Credits: Accounting, Tariff, Legal & Business Development - 80 CPA/CLE Minutes - All Levels - NASBA Law Cost of Service Ratemaking Presenters: Chris Barr, Post & Schell, PC; George Ganz, Ganz Consulting; Brett Collins, Turner Wetmore Collins, LLC Overview: This course focuses on recent FERC developments in key areas of cost-based ratemaking. The course will examine significant evolutions in the allowed return, the design of rates for new and expanding pipelines, the impact of acquisitions and divestitures on ratemaking, and other timely topics. Course Objective: Review in-depth FERC policy and practice in key areas of cost-based ratemaking. Level/Credits: Accounting & Tariff - 80 CPA/CLE Minutes - Advanced Level - NASBA SKA Oil Gathering and NGL Dedications in Shale Plays: Unique Regulatory Issues and Solutions Presenters: Elizabeth Kohlhausen, Caldwell Boudreaux Lefler PLLC; Michelle Boudreaux, Caldwell Boudreaux Lefler PLLC Overview: With rapid development in the shale liquids plays, there has been explosive growth in oil pipeline gathering infrastructure and NGL pipeline infrastructure from natural gas processing plants. This course will review the range of regulatory considerations that come into play in developing these types of transportation infrastructure systems, including considering options in terms of jurisdictional status (tariff, waiver, proprietary) and rate design, accommodating FERC’s firm service regime to the unique operational characteristics of shale oil gathering lines, implementing unique capacity access approaches for liquids dedications, and evaluating the effect of railroad tie-in’s. Course Objective: Review and consider various approaches and regulatory concerns related to construction of oil pipeline gathering infrastructure and NGL pipeline infrastructure from natural gas gathering plants Level/Credits: Accounting, Tariff, Legal & Business Development - 80 CPE/CLE Minutes - Advanced Level - NASBA SKA

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SESSION 5

Cost of Service Concepts Presenters: Erik Wetmore, Turner Wetmore Collins, LLC; Pete Dito, Kinder Morgan Energy Partners, LP Overview: Cost of service calculations may seem mysterious and complex. This presentation will walk attendees through the conceptual underpinnings of cost of service, and explain how the concepts transition to various cost of service calculations. Cost of service will not seem as baffling after attending this presentation. Course Objective: Gain familiarity with cost of service concepts. Level/Credits: Accounting & Tariff - Beginner Level - NASBA SKA FERC Audits Presenter: Nick Coughlin, Federal Energy Regulatory Commission Overview: The course will review FERC’s audit process with particular reference to audits of the oil pipeline industry. The discussion will begin with an overview of the Office of Enforcement and the Division of Audits and Accounting and how these entities function to carry out the vision and mission of FERC. The concept of compliance will be discussed in terms of testing adherence to specific FERC rules and regulations as well as assessing the internal management practices to ensure such behavior. The course will then detail the actual audit process from selection of audit candidates to the issuance of the final audit report and the subsequent implementation plan process. Through the presentation, items of specific relevance to oil pipeline companies will be stressed. Course Objective: To provide a basis for understanding FERC’s audit process from start to finish. Level/Credits: Accounting & Legal - 80 CPE/CLE Minutes - Intermediate Level - NASBA Auditing - Governmental Pipeline Safety Basics and Accounting for Pipeline Safety Presenters: Vince Murchison, Murchison Law Firm, PLLC; Eric McKee, Plains All American Pipeline Overview: The course will provide an overview of Pipeline Safety laws and regulations applicable to oil pipelines; the various activities required by those regulations; the roles and responsibilities of the Pipeline and Hazardous Materials Safety Administration, state regulators, and other federal agencies such as the National Transportation Safety Board; and current pipeline safety priorities. Building upon that foundation, the course also will discuss the manner in which companies account for the costs of such pipeline safety activities. Course Objective: This course will provide basic, non-technical information about pipeline safety regulations, resulting compliance activities and public policy initiatives

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being pursued, as well as principles applicable to accounting for regulatory compliance costs. This course is for those who are new to the pipeline safety regulatory arena and introductory level accounting personnel who seek to better understand accounting for compliance costs. The course also is suited to those seeking a refresher on these subjects. Level/Credits: Accounting & Legal - 80 CPE/CLE Minutes - Beginner Level- NASBA AA (accounting and audits)

SESSION 6 Product Over/Short Presenters: John Rowley, Phillips 66 Overview: This session provides an overview of the processes involved with reconciling, pricing and recording product overages and shortages. We'll explore the causes of product over/shorts, the types of system movements, the differences between operational and accounting over/short and key issues in reconciling product over/shorts. Additionally, the course will review key concepts in recording product over/short. Course Objective: Identify key issues in reconciling product over/shorts, identify key concepts and alternatives for recording product over/shorts and explore avenues for improving the over/short reconciliation process. Level/Credits: A - 80 CPA/CLE Minutes - All Levels - NASBA SKA Market-Based Rates Presenters: Michael Webb, Regulatory Economics Group, LLC; Chris Lyons, Sidley Austin Overview: This course will review the nuts and bolts of FERC’s approach to market-based rates and then delve into recent major developments in this area, including the Pegasus, Seaway, and Buckeye cases. We will evaluate these developments and weigh what they suggest about the future of market-based rate authority before FERC. Course Objective: Review FERC’s market-based rate authority, case law, practices and latest developments. Level/Credits: Accounting, Tariff, Legal & Business Development - Intermediate & Advanced - 80 CPE Minutes - NASBA AA Eminent Domain and Siting Presenter: Steve Carroll, Norton Rose Fulbright. Overview: In 2012, the Texas Supreme Court issued its final decision in Texas Rice Land Partners, Ltd. v Denbury Green Pipeline – Texas LLC, 363 S.W.3d 192 (Tex. 2012). This decision overturns decades of existing case law, replacing the common carrier test of “holding out” with a requirement to prove the likelihood of future use by a non-affiliated shipper. To avoid the possibility of conflicting decisions by different trial courts on whether a pipeline will be used in the future by non-affiliated shippers, in 2013 the Texas Legislature considered legislation to require an administrative agency to determine in one

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proceeding whether a pipeline would likely ship the product of a non-affiliated shipper. Such legislation did not pass. The prospect for constructing common carrier pipelines in Texas has become more difficult as a result of 2013 Texas Court of Appeals’ decisions based upon Texas Rice v Denbury. Course Objective: Provide insight into new challenges for common carrier pipelines. Level/Credits: Legal & Business Development - 80 CLE Minutes - All Levels - NASBA Finance

SESSION 7 Legal Ethics and Technology Presenter: Carole J. Buckner, Buckner Law Corp. Overview: The course will highlight many legal ethics implications of the use of technology by lawyers, judges, clients, and jurors. The course will survey ethics rules regarding a lawyer's use of technology. It will also examine recent cases and recent ethics opinions addressing the lawyer’s ethical obligations in reference to use of technology with a focus on social media and advertising. It will also examine the ethical duties of competence, confidentiality and honesty in the use of technology. Course Objective: Provide 80 enjoyable and interesting minutes of Continuing Legal Education credit focused on legal ethics issues arising from technology. Level/Credits: Legal & Business Development - 80 CPE/CLE Minutes - All Levels - NASBA Ethics Capital vs. Expenses Presenters: Anita Phelps, BP Pipelines (North America); Jeff Doyle, Kinder Morgan Energy Partners, LP; Don Munoz, Kinder Morgan Energy Partners, LP Overview: When should In-line Inspection (ILI) testing cost be capitalized or expensed? How should cost of removal be accounted for? What is a “unit of property”? This hands-on session will review issues to consider when selecting the accounting treatment to apply to major expenditures for FERC reporting purposes. There will be case studies and a discussion of recent changes in this area. Course Objective: Determine proper accounting for capital expenditures. Level/Credits: A - 80 CPA Minutes - All Levels - NASBA AA Introduction to Oil Pipeline Operations Presenters: Kraig Caldwell, Explorer Pipeline Company Overview: You might know numbers and/or theories, but do you really know what you are accounting for and where the number comes from? This course gives a basic overview of pipeline operations, including a start to finish review of how a barrel of refined product moves through a pipeline. Topics include the nomination/scheduling process, how pumps and valves are operated, product quality issues, control center

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operations, field operations, pipeline hydraulics, meter proving, SCADA, controls, and leak detection. What can go wrong with quality and the scheduling process, how the carrier works through the problems and how the shipper might respond; the process of “handling” nominations, billings, and accounting for shipments on joint tariffs; i.e., how do the participating carriers coordinate nominations for movements, and the essential equipment and process are all introduced in this course. Course Objective: Understand operational aspects of pipelining and the equipment and processes, which are important for determining the proper accounting of business transactions. Level/Credits: Accounting, Tariff, Legal & Business Development - 80 CPE Minutes - All Levels - NASBA Prod.