TransCanada Corporation announced that TransCanada PipeLines Limited filed an application with the National Energy Board to establish federal regulation for TransCanada's Alberta System. The application is for a certificate of public convenience and necessity and related approvals to recognize that TransCanada's Alberta System is within Canadian federal jurisdiction and its operation is subject to regulation by the NEB.
Currently, the provincial regulation of the Alberta System precludes TransCanada from acquiring, constructing or operating facilities that transport gas across Alberta provincial borders. Federal regulation would enable the Alberta System to extend across provincial borders, thereby providing integrated service to customers who want to transport gas from locations outside Alberta and allowing for attractive service offerings to Alberta, British Columbia and Northern gas producers.
"Changing to federal jurisdiction will enhance the Alberta System's ability to provide integrated service and more competitive transportation rates to natural gas customers outside of Alberta," said Hal Kvisle, president and chief executive officer. "The ability to attract gas produced in British Columbia and the North, including the Territories and Alaska, is important as it will enhance the competitiveness of the Alberta System."
Increased throughput associated with production from locations outside Alberta will benefit Alberta by increasing the physical and commercial flow of gas within and from the Alberta Hub, making it a more transparent and liquid environment for natural gas buyers and sellers and increasing natural gas liquids supply to straddle plants and petro-chemical infrastructure located in Alberta.
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