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TransCanada’s GTN system has reached a mutually agreeable settlement with its customers and other stakeholders on how to settle all rate design and service-related issues associated with its 2006 general rate case. As a result, GTN filed an uncontested settlement agreement with the Federal Energy Regulatory Commission (FERC) on Oct. 31.
Under the terms of the Settlement, GTN’s rates are subject to a rate moratorium and may not be changed until Jan. 1, 2012. GTN is required to file a rate case with new rates effective no later than Jan. 1, 2014. GTN anticipates FERC will issue an order approving the terms of the settlement early in the first quarter of 2008.
GTN is a dual pipeline that begins at an interconnect with TransCanada's Foothills System near Kingsgate on the Idaho-British Columbia border and traverses the states of Idaho, Washington, and Oregon before ending at interconnects with Tuscarora Gas Transmission Company and Pacific Gas & Electric Company at the Oregon-California border. GTN can deliver up to 2.2 billion cubic feet of gas per day into those interconnects. GTN has been a TransCanada company since November 2004.
For more information, see the news release.
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