Midstream - Pipelines | Government & Regulatory
TransCanada Responds to NEB Decision on Mainline Proposal
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TransCanada Corporation has responded to the National Energy Board (NEB) decision on TransCanada's 2012-2013 restructuring proposal for tolls and service on the Canadian Mainline.
The NEB decision was released on March 27, 2013 following a lengthy public hearing that concluded last December.
After an initial review of the 257-page decision, which was based on thousands of pages of testimony, the company provided the following statement:
"The National Energy Board has approved some of TransCanada's proposals related to Mainline tolls and has denied a number of the fundamental concepts we put forward to improve competitiveness and recover costs. The board has also introduced several new elements that were not part of our application, including fixing tolls outside the timeframe applied for…
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