Canada’s Regulator Approves TC Energy Incentive Toll
Canada’s National Energy Board (NEB) said May 9 it was approving an incentive toll proposed by TC Energy (formerly TransCanada) designed to enhance the ability of western Canadian natural gas producers to reach markets in eastern Canada.
The new toll could help producers reach proposed LNG export projects in the eastern Canadian provinces of Quebec and Nova Scotia.
Following a written evidentiary proceeding and oral final arguments earlier this year, the board has approved TC Energy’s North Bay Junction (NBJ) long-term fixed price (LTFP) service at a fixed demand toll of C$0.93/Gj. An open season in 2H 2018 resulted in 17 parties executing contracts for a total of 670.34mn ft3/day of the service for terms ranging from 10 years to nearly 21 years.
The new service will take effect November 1, 2019.