Midstream - Pipelines | Government & Regulatory | Top Story
TransCanada Looks to Change NEB Toll Decision
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TransCanada Corporation filed an application with the National Energy Board (NEB) for review and variance of the NEB's decision released March 27, 2013 related to TransCanada's 2012-2013 restructuring proposal for tolls and service on the Canadian Mainline.
Although the NEB approved all of TransCanada's 2012/13 costs and some of TransCanada's proposed changes to its services, the 257-page decision has created a new model for the Mainline's tolls that is a departure from what TransCanada applied for and from the regulatory framework that has been in place for decades.
The new model establishes fixed firm service tolls until the end of 2017, grants TransCanada pricing discretion for short-term and interruptible services and defers significant costs until the end of the fixed tolls period…
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