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ARTICLE · 18 JUNE 2012

TransCanada Toll Hearing Begins

On June 4, 2012, the National Energy Board began hearing an application from TransCanada Pipelines Ltd. for approval of a business and services restructuring plan and restructuring to Mainline final tolls for 2012 and 2013.

CanadaEnergy and Natural Resources

On June 4, 2012, the National Energy Board began hearing an application from TransCanada Pipelines Ltd. for approval of a business and services restructuring plan and restructuring to Mainline final tolls for 2012 and 2013. The company believes the restructuring proposal is crucial to enhance the long-term economic viability of its Mainline, as well as gas production in the Western Canadian Sedimentary Basin as a whole.

The application has been made in order to address concerns regarding the declining throughput on the TransCanada Mainline which has caused increases in Mainline tolling rates. However, producers and end-users are concerned that the proposal will ultimately transfer to much of the cost onto suppliers and downstream users.

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