trending Market Intelligence /marketintelligence/en/news-insights/trending/n_Gnf5GCqNRPag5xK2aMBw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

TC Energy files gas mainline toll agreement with Canadian regulator

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

TC Energy files gas mainline toll agreement with Canadian regulator

TC Energy Corp. has asked the Canada Energy Regulator to approve a six-year rate settlement for its Canadian natural gas mainline.

If approved, the agreement would take effect Jan. 1, 2021, and stretch through 2026, the Calgary, Alberta-based company said in a statement. The agreement with shippers would see tolls drop on an important segment of the system and allow TC Energy a return on equity of 10.1% on 40% deemed common equity. Shippers unanimously endorsed the settlement, TC Energy said.

The settlement "enhances competitiveness and provides toll certainty for our customers while maintaining stable revenue for TC Energy," CEO Russ Girling said in the Dec. 20 statement. "The settlement highlights the continued importance of the Canadian Mainline."

TC Energy has worked through the existing tolling agreement to bolster shipments on the mainline system, which delivers gas from western Canada to the U.S. Midwest and central Canada. Producers in Canada have faced still competition in those regions from U.S. shale gas producers. To make Canada's product more competitive, TC Energy offered bargain-priced tolls on the system in 2017 for approximately 1.5 Bcf/d of new shipments. The proposed agreement offers a 20% reduction in tolls on the Empress-to-Emerson segment of the line, which runs from the Alberta-Saskatchewan boundary to the U.S. border in Manitoba.

The settlement includes incentives that allow shippers and the company to share the benefits of cost efficiencies and increased revenue on the system. It also "affirms TC Energy's pricing flexibility and allows new market-driven services to enhance flexibility to respond to changing market conditions," the company said.

Rival Calgary-based pipeline Enbridge Inc. separately filed a proposal with the Canada Energy Regulator for approval of a revised contracting arrangement on its Canadian oil mainline system.