NEB announces public hearing for TransCanada 2015-2030 settlement agreement

CALGARY, May 9, 2014 /CNW/ – The National Energy Board (NEB or the Board) will hold a public hearing to consider an application from TransCanada Pipelines Ltd. (TransCanada) to review its request for approval of its 2015 to 2030 tolls application for its Canadian Mainline System.

The application is based on a settlement agreement negotiated between TransCanada and Enbridge Gas Distribution Inc., Union Gas Limited and Gaz Métro Limited Partnership. The application proposes tolls for the 2015 through 2020 period and provides a methodology, for Board approval, for calculation of tolls for the 2021 to 2030 period.

The NEB has identified a number of issues for discussion during the hearing, including:

1. The appropriateness of the proposed toll design for 2015-2020,
2. The appropriateness of the proposed revenue requirements and rate base over the 2015-2020 term,
3. The appropriate allocation of risks and rewards among TransCanada, Mainline shippers and other stakeholders over the 2015-2020 term,
4. The appropriateness of continued pricing discretion for Interruptible Transportation and Short Term Firm Transportation services, and
5. The appropriateness of the proposed framework for segmentation of the Mainline system post-2020.

The National Energy Board is an independent federal regulator of several parts of Canada’s energy industry with the safety of Canadians and protection of the environment as its top priority. Its purpose is to regulate pipelines, energy development and trade in the Canadian public interest. For more information on the NEB and its mandate, please visit www.neb-one.gc.ca.

This news release and the Hearing Order are also available on the Board’s Internet site under What’s New!

SOURCE National Energy Board

For further information:

Whitney Punchak
Communications Officer
Telephone: 403-299-3122
Toll-free telephone: 1-800-899-1265
Facsimile: 403-292-5503
Toll-free facsimile: 1-877-288-8803
TTY (teletype): 1-800-632-1663
E-mail: whitney.punchak@neb-one.gc.ca 

Related documents:

2013-12-20 Application for Mainline 2015-2030 Settlement [Folder RH-001-2014]
2014-05-09 Hearing Order [Filing A3W6G2]

For a copy of the Hearing Order:  

National Energy Board Library
Ground Floor
444 Seventh Avenue SW
Calgary, AB T2P 0X8
Telephone: 403-299-3561
Toll-free telephone: 1-800-899-1265
Facsimile: 403-292-5576
Toll-free facsimile: 1-877-288-8803
Email: library@neb-one.gc.ca