TransCanada launches open season on new Mainline tolling option
TransCanada announced it has launched an open season for binding commitments on a new, 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 proposal is intended to allow Western Canadian Sedimentary Basin producers to utilize existing capacity on the Mainline to transport their natural gas from the Nova Inventory Transfer market hub and access the eastern market trading hub at Dawn. The tolling arrangement will provide lower cost access to the high-value markets served by the Dawn trading hub. This proposal does not impact current contracts that are already in place on the Canadian Mainline system.