TransCanada files for new short-term committed rates for MarketLink shippers

TransCanada Corp onFriday filed for a new "flexible short-term program" for itsMarketLink pipeline from Cushing, Oklahoma to Gulf Coast marketsthat would allow shippers to sign up for short term commitmentsat lower rates, effective June 1:

* The company plans to charge between $1.40 to $3.71 perbarrel to haul light crude from Cushing to Port Arthur orHouston, Texas; Between $1.680 to $4.452 a barrel to haul heavycrude from Cushing to Port Arthur or Houston

* Duration of the flexible short-term program is between 1and 3 months; The short-term service is between 6 to 35 monthsand long-term service is between 3 to 15 years

* The program will "give existing and potential shippers aflexible and fast way to meet their demand by signing short-termcommitments, utilizing uncontracted capacity without affectingthe required uncommitted capacity," the company said in a FERCfiling

* TransCanada also increased its temporary discounted spotrates from Cushing to Port Arthur – $3.71 a barrel for lightcrude and $4.45 a barrel for heavy crude – and Houston – $4.17per barrel for light crude and $5.01 a barrel for heavy crude

(Reporting by Devika Krishna Kumar in New York; Editing byBernadette Baum)