By OGJ editors
HOUSTON, July 16 -- Maritimes & Northeast Pipeline LP (M&NE), Halifax, and its customers have agreed to 2003 pipeline tolls of $0.6536/gigajoule (Can.), or $0.6896/MMbtu (Can.).
The agreement, reached in late June, will likely eliminate the need for a formal hearing, although the settlement is still subject to National Energy Board review and approval.
Now that the agreement has been reached, M&NE Pres. Phil Knoll said the company plans to expand its system and add new customers.
M&N sponsors are Charlotte, NC-based Duke Energy Corp. 75%, Emera Inc., Halifax, 12.5%, and ExxonMobil Corp. 12.5%.