UPDATE 1-TransCanada could start service on Houston Lateral by early July

Published 2016-06-13, 06:16 p/m
© Reuters.  UPDATE 1-TransCanada could start service on Houston Lateral by early July
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(Adds comment from spokesman, context of tariff filing)
HOUSTON, June 13 (Reuters) - TransCanada Corp TRP.TO could
begin crude shipments on its Houston Lateral pipeline by July 2,
which will connect its Keystone Pipeline to Houston, Texas,
according to a tariff filed with the Federal Energy Regulatory
Commission (FERC) in early June.

* The company on June 1 submitted a filing with regulators
to set tariff rates on the line, which will be effective by July
2, the filing said.
* The tariff filing was required 30 days in advance of the
rate becoming effective, but does not necessarily indicate a
firm in-service date for the pipeline.
* The lateral will terminate at a storage terminal in
Houston, Texas with initial capacity for 700,000 barrels of
crude oil
* The tariff for light crude deliveries from Hardisty,
Alberta to Houston, Texas will be $7.113 per barrel and the rate
for heavy crude on that route will be $7.730 per barrel, the
same price as shipments of crude from Hardisty to Port Arthur,
Texas, according to the filing.
* "We anticipate the in-service date to be July 2016," a
spokesman for TransCanada said by email on Monday.

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