The settlement provides the pipeline company’s customers with a schedule of tolls for transporting natural gas on the Canadian pipeline system up until 2006, and eliminates the need for costly formal hearing processes during this period. The settlement has also been reviewed and approved by the country’s National Energy Board.
The streamlined process consisted of settlement discussions with customers and other stakeholders, and culminated on 26 June with the positive vote by TTWG members in favour of the agreement, which results in a 2004 Canadian toll set at å£0.308/GJ.