On April 30, 2003
customers chose to renew approximately 52 per cent, or
more than 800 TJ/d, of Firm Transportation contracts scheduled
to expire on October 31, 2003.
Non-renewal of Firm Transportation contracts on the
Mainline is not expected to have a significant impact
on total flows on our system. Some customers will likely
re-contract using a variety of service options currently
available - i.e. Firm Transportation (FT), Short Term
Firm Transportation (STFT), or Interruptible Transportation
(IT).
Currently the Mainline System has excess capacity,
allowing customers the flexibility to make re-contracting
decisions closer to October 31, 2003, when current contracts
expire.
TransCanada's 2003 tolls are to be decided in a National
Energy Board (NEB) hearing that is still underway, and
we expect some customers may be waiting for a decision
by the NEB, concerning the Mainline 2003 Tolls Application,
before choosing their re-contracting options. The NEB
will also decide on the pricing of TransCanada's IT
services. TransCanada has sought to increase the bid
floor price of IT from 80 per cent of the FT toll to
110 per cent of the FT toll.
For more information, please check out the non-critical
notice, or contact Steve
Emond at 403.920.5979.
