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Energy regulator approves Trans Mountain toll settlement
The settlement ends 18 months of negotiations and lets Trans Mountain lock in tolls for shippers on 90% of pipeline capacity.
The Canada Energy Regulator approved a settlement between Trans Mountain Corp. and shippers for the Alberta-to-British Columbia pipeline, with a commission finding the agreed-to tolls "just and reasonable."
Following 18 months of negotiations with shippers, Trans Mountain announced the settlement in July to resolve toll disputes and operational cost structures for the pipeline.
The decision allows Trans Mountain to contract up to 90 per cent of pipeline capacity to shippers, a significant increase from the previous 80 per cent limit.
Spanning 1,180 kilometres, the federal Crown corporation operates the pipeline from Edmonton to the Trans Mountain Westridge Marine Terminal in Burnaby, B.C., exporting crude across the Pacific.
The company plans to expand capacity to 1.19 million barrels a day by 2028, building on the 890,000 barrels per day that began operations in 2024.