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Commodities

Canada Energy Regulator Approves Trans Mountain Toll Settlement

Guavy AI Editorial Team
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Oil
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The Canada Energy Regulator has given its approval to a settlement between Trans Mountain Corp. and oil shippers using the Alberta-to-British Columbia pipeline.

A commission of the regulator determined that the agreed-upon tolls were 'just and reasonable.'

This decision allows Trans Mountain to contract up to 90% of the pipeline's capacity, a significant increase from the previous 80%. The company plans to further expand its operations, aiming for an additional 19% increase in capacity by late 2028.

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