TransCanada Launches Open Season on Revised Mainline Tolling Option
TransCanada launched an open season for binding commitments on a revised, long-term, fixed-price proposal to flow natural gas along the Canadian Mainline from the Empress receipt point in Alberta to the Dawn hub in Southern Ontario.
The open season follows ongoing discussions with Western Canadian Sedimentary Basin (WCSB) producers, and is expected to close March 9. The targeted in-service date is Nov. 1.
“This long-term fixed price proposal for the Canadian Mainline builds on our past offering and input from our customers. We are pleased to offer this opportunity for WCSB producers to compete with emerging supplies of natural gas from the Marcellus and Utica basins,” said Stephen Clark, TransCanada’s senior vice president and general manager, Canadian Natural Gas Pipelines.
TransCanada continues to offer a 10-year term and a targeted total subscription of 1.5 PJ /day at a simplified single rate toll of $0.77/GJ, the company said.
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