TransCanada
Corporation TRP (TransCanada) today announced that
it has reached a settlement with local natural gas distribution
companies (LDCs) in Ontario and Quebec in connection with the access
to Dawn and Niagara supplies and long-term tolls that will allow
TransCanada to provide customers with the flexibility to source gas
from various geographic locations while ensuring that the tolls for
the Mainline are set at levels that recover the costs of providing
that flexibility.
TransCanada has reached an agreement with Union Gas Ltd., Gaz Metro
Limited Partnership and Enbridge Gas Distribution Inc. that will
allow for the development of new capacity through the Parkway to
Maple transportation corridor near Toronto. This will result in rate
stability on the Mainline with contracts that fully recover
TransCanada's costs of providing Mainline natural gas transmission
service in the Eastern Triangle. The agreement provides resolution to
outstanding disputes between TransCanada and the LDCs relating to
tolls and services in the region.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in