TransCanada launches open season for tolls on Canada Mainline

Published 2016-10-13, 10:13 a/m
TransCanada launches open season for tolls on Canada Mainline
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Oct 13 (Reuters) - TransCanada Corp TRP.TO on Thursday launched an open season to gauge interest from shippers for a new toll proposal to transport natural gas on its Canadian Mainline from the Empress receipt point in Alberta to the Dawn hub in Southern Ontario.

Shippers on the mainline system were not signing up to a 42 percent cut on 10-year contracts because they think the toll is still too high for such a long-term commitment, Reuters reported on Sept. 30. Canada-based TransCanada is offering the services for a 10-year contract period, with tolls ranging from 75 Canadian cents to 82 Canadian cents per gigajoule, it said on Thursday. service is priced lower than the current firm service tolls and does not include flexibility provisions such as diversions and alternate receipt points, it added.

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