Trans Mountain Corp. says it has reached a settlement agreement with its customers on the tolls they pay to use the Trans Mountain Pipeline after prolonged negotiations. The company frames the settlement as part of a broader toll framework and says it is seeking approval from the Canada Energy Regulator (CER) to implement the arrangement. One outlet reports that Trans Mountain requests CER authorization by Oct. 1, linking the timing to the implementation of the new framework by 2027. The reported details indicate the settlement resolves disputes or ongoing discussions over how pipeline access costs are applied to shippers. While the outlets provide limited specifics on the terms, they agree on the core points: a toll settlement has been reached, it involves the pipeline’s oil shippers/customers, and Trans Mountain is asking the CER to review and approve the settlement within a stated timeframe to support implementation plans for the coming years. The agreement’s final effect depends on regulatory approval.
Trans Mountain reaches toll settlement with oil shippers; regulator approval sought
Trans Mountain Corp. says it has reached a settlement agreement with its customers on the tolls they pay to use the Trans Mountain Pipeline after prolonged negotiations. The company frames the settlem...
- Trans Mountain Corp. reaches a settlement agreement on pipeline tolls with oil shippers/customers.
- The toll settlement follows prolonged negotiations with customers.
- Trans Mountain requests approval from the Canada Energy Regulator.
- Trans Mountain seeks regulatory approval by Oct. 1.
- Implementation of the new toll framework is planned for 2027, subject to approval.
Trans Mountain Corp. says it has reached a settlement agreement on tolls customers pay to use the Trans Mountain Pipeline.
3 hours agoTrans Mountain has requested that the Canada Energy Regulator approve the settlement by Oct. 1 to support the implementation of the new framework by 2027
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