TransCanada pleased with NEB decision to federally regulate Alberta System

abarrelfullabarrelfull wrote on 31 Jan 2013 20:22

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February 26, 2009

TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced the National Energy Board (NEB) has approved TransCanada’s application for federal regulation of its Alberta System. The decision will provide TransCanada greater flexibility to transport natural gas to North American markets and attract new gas supplies to the Alberta System.

“The decision is good news for our customers, Alberta System stakeholders and our company,” said Hal Kvisle, TransCanada president and chief executive officer. “Having the Alberta System federally regulated means TransCanada can extend the pipeline across provincial borders, allowing us to provide potential customers a direct connection to the pipeline network, and provide attractive service options and rates to producers in British Columbia (B.C.) and the Northwest Territories.”

The change in regulatory oversight of the Alberta System increases the probability that B.C. and Northern gas would integrate directly with the Alberta hub – North America’s largest natural gas trading point. Attraction of additional gas supplies to the Alberta System will increase the utilization of existing infrastructure within and downstream of Alberta, which is expected to result in reduced tolls, improved netbacks, higher royalties and better access to new and existing markets.

Kvisle says TransCanada expects to file applications with the NEB in the next few months for approval to extend the Alberta System into northeastern B.C. to provide integrated service to Horn River and Montney shale gas shippers. This follows recent successful binding open seasons for services to the Horn River and Montney areas.

TransCanada has secured commercial commitments starting in the fourth quarter of 2010, increasing to approximately 1.5 billion cubic feet per day by 2014. These volumes are expected to rise in the future. The 77 kilometre (km) long Groundbirch pipeline proposed for the Montney area is expected to be operational in the fourth quarter of 2010. At a total length of 155 km, the Horn River line should begin transporting gas in the first half of 2011.

TransCanada had contacted affected landowners about the applied-for jurisdictional change, and now, following the NEB’s decision, will implement a broad-based public consultation and communications program, including Aboriginal communities, landowners, shippers and interested stakeholders. This process will ensure parties are aware of and understand the NEB decision, and have the opportunity to discuss with TransCanada potential implications of this jurisdictional change. For more information, please visit

The Alberta System or NOVA Gas Transmission Limited (NGTL) is a 23,500 km pipeline that gathers natural gas for use both in Alberta and to deliver it to provincial border points for export to North American markets. It is one of the largest systems in North America and gathers 66 per cent of the natural gas produced in Western Canada.

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