TransCanada Corp’s Keystone Pipeline filed with U.S. regulators this week to lower spot rates to ship crude from Canada to Illinois, Oklahoma and Texas:
* TransCanada proposed to lower discounted rates for light crude volumes from or near Manitoba, Canada to Wood River, Illinois to $19.67 per cubic meter from $24.39, according a filing with the U.S. Federal Energy Regulatory Commission (FERC) this week; for heavy crude, it asked to cut rates to $21.70 from $25.79.
* The company proposed lowering tariffs for light crude shipped to Patoka, Illinois to $20 per cubic meter from $24.72 and to $21.63 from $26.35 for heavy crude.
* For deliveries to Cushing, it proposed to lower rates to $23.46 from $28.18 per cubic meter for light crude and to $24.76 from $29.48 per cubic meter.
* For spot shipments from Hardisty, Alberta to Port Arthur and Houston, Texas it proposed to lower rates to $8.05 per barrel for light crude and to $8.75 per barrel for heavy crude.
* The 590,000 barrels-per-day Keystone pipeline system is a critical artery taking Canadian crude from northern Alberta to refineries in the U.S. Midwest from there, via the Marketlink line to the Gulf Coast.
* The new rates are set to take effect on May 1.
(Reporting by Laila Kearney in New York; Editing by Richard Chang)
