Trans Mountain wants to recoup some costs from shippers and set tolls based on a formula outlined in an earlier agreement
Trans Mountain Corp, the oil pipeline company owned by the Canadian government, asked a regulator on Thursday to approve the proposed tolls it wants to charge shippers, who have said they are too high.
The expansion would nearly triple the flow of crude from Alberta to Canada’s Pacific Coast in British Columbia to 890,000 barrels per day, and is due to start up early next year. Construction has been beset by delays and a nearly quadrupling of its costs to $30.9-billion. “The approved toll methodology is essentially a cost risk-sharing framework, and Trans Mountain’s applied-for interim fixed tolls would result in Trans Mountain bearing more than two-thirds of the construction cost increases for the project since 2017,” Trans Mountain’s lawyer Sander Duncanson said in the filing.
“There is no evidentiary or legal basis for the to relieve the shippers from their corresponding obligations under the ,” Duncanson said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Displaced by earthquake from their mountain homes, Moroccan families brace for shelterless nightsRachid Alachoun, a 40-year-old plumber, washes clothes on the roof of his home. Half of it remains standing while the other half can be found in piles of rocks visible from the roof.
Read more »
Displaced by earthquake from their mountain homes, Moroccan families brace for shelterless nightsRachid Alachoun, a 40-year-old plumber, washes clothes on the roof of his home. Half of it remains standing while the other half can be found in piles of rocks visible from the roof.
Read more »
Canadian surgeons performing mastectomies on trans teens as young as 14Mastectomies are meant to alleviate chest dysphoria from unwanted breasts. A parents\u0027 group wants the surgeries banned in minors.
Read more »
The 1st openly trans Conservative candidate calls out party's new gender policiesThe Conservative Party’s newly adopted policies limiting gender-affirming health care for youth will cause “significant damage” to transgender kids, says Hannah Hodson.
Read more »
Trans author and advocate Rowan Jetté Knox celebrates personal strength in new bookNewly Toronto-based author Rowan Jetté Knox has had an eventful few years.
Read more »
Policy gaps contributed to deadly gondola crash at Quebec’s Tremblant ski resortThe mountain-access policy submitted by the operator of the Quebec resort was missing elements, labour inspector says in report
Read more »