TransCanada Corp. has launched an open season for binding commitments on a revised, long-term, fixed-price proposal to flow natural gas along the Canadian Mainline from the Empress receipt point in Alberta to the Dawn hub in southern Ontario.
The launch follows ongoing discussions with Western Canadian Sedimentary Basin producers, and is expected to close on Mar. 9 at 11 a.m. MST. The targeted in-service date is Nov. 1.
“We are pleased to offer this opportunity for WCSB producers to compete with emerging supplies of natural gas from the Marcellus and Utica basins,” said Stephen Clark, TransCanada's senior vice-president and general manager, Canadian natural gas pipelines.
“TransCanada continues to offer a 10-year term and a targeted total subscription of 1.5 petajoules/day at a simplified single rate toll of 77¢/gigajoule,” added Clark. “While we have held extensive discussions with customers and have received a positive response, it is important that these threshold conditions are met for TransCanada to advance this offering.”
The proposal does not impact current contracts that are already in place on the Canadian Mainline system.
