Toll Bridge? NEB Approves TransCanada Mainline 2015-2030 Tolls And Tariff

On December 18, 2014 the National Energy Board ("NEB" or "Board") approved a toll design for the TransCanada PipeLine ("TransCanada") Mainline for 2015 to 2020 and for toll-setting methodology parameters until 2030.  The decision also approves tariff changes that introduce new services and contract options.

Highlights of the approved application include:

• increased pipeline capacity potentially resulting in Eastern market access to Dawn and Niagara area supply;
• renewal provisions respecting capacity requirements;
• continuing  the concept of multi-year fixed tolls and pricing discretion, as established in a previous decision (RH-003-2011);
• approval of TransCanada's applied-for toll design for Mainline tolls for 2015 to 2020;