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Over the past few months, TransCanada received approvals from the National Energy Board (NEB) for three resolutions approved by the Tolls Task Force (TTF).
Alternate Receipt Points
Improvements to the way Alternate Receipts are accessed on the Canadian Mainline System were approved. For more information on this topic, please refer to the article titled Mainline Alternate Receipt Points in the September issue of Update.
Elimination of Foreign Exchange Exposure
Previously, the conditions for the Elimination of Foreign Exchange Exposure on Senior Debt which required TransCanada to swap the Mainline U.S. dollar senior debt obligations to Canadian dollar obligations, for the purposes of rate making and upon certain conditions being met, was to expire at the end of August 2005. The NEB approved an extension of this resolution until the end of December 2005. For further information, please refer to the NEB approval letter.
FT-RAM
The Firm Transportation - Risk Alleviation Mechanism (FT-RAM) pilot project has been extended for one year from November 1, 2005 to October 31, 2006. FT-RAM allows customers with unutilized demand charges to apply them towards Interruptible Transportation (IT) service. Additional information can be found in the NEB approval letter.
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