CANADIAN GAS PIPELINE TOLL FORMULA AT ISSUE

A Federal Court of Canada ruling involving pipeline tolls could reduce or delay plans for added gas exports from Alberta to the U.S. Northeast. The court's Madam Justice Barbara Reed ordered the National Energy Board to conduct an inquiry into formulas used to finance pipeline construction. Projects affected include the proposed $580 million U.S. Iroquois Gas Transmission System and a $2.6 billion expansion program by TransCanada PipeLines Ltd.

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