February 2020, Vol. 247, No. 2

Global News

TC Energy Files to Reduce Toll on Canadian Mainline Pipeline

TC Energy said its TransCanada PipeLines unit reached an agreement with struggling producers to reduce tolls on the western part of the Canadian Mainline pipeline and asked regulators to approve the rates quickly. 

The Calgary-based operator said an application was filed with the Canada Energy Regulator (CER) seeking approval of the six-year negotiated and unanimously supported settlement with its customers and other interested parties on Canadian Mainline tolls.

The 8,761-mile (14,100-km) Canadian Mainline primarily transports Western Canadian Sedimentary Basin (WTSB) natural gas for delivery across the Canadian provinces and to markets in the United States and Eastern Canada.  Western Canadian producers have been struggling through a period of low gas prices due to overproduction and strong competition from U.S. shale basins.

“This settlement is the product of a comprehensive collaborative process of engagement and negotiation with our Canadian Mainline customers. It enhances competitiveness and provides toll certainty for our customers while maintaining stable revenue for TC Energy,” Russ Girling, TC Energy’s president and CEO said in a statement. 

“The settlement highlights the continued importance of the Canadian Mainline, and we appreciate the efforts of industry to work with us to create innovative solutions that utilize this critical transportation link to enhance the long-term success of the WCSB,” Girling said.

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