We see the Fort McMurray area as a strategic market.
This transaction is important for our expansion plans
into this attractive market and at the same time, allows
us to defer capital expenditures, benefiting all Alberta
System customers.
"With the increased development of oil sands resources,
growth in demand for natural gas is expected to continue
in the Fort McMurray area," says Don Bell, Sales Manager,
Western End-Users and Interconnects. "Once approved,
this acquisition will represent the most cost-effective
solution for customers requesting gas transmission service
into the area."
Current contract holders on the Simmons pipelines will
receive the benefits of holding firm service contracts
on TransCanada's Alberta System, including access to
NOVA Inventory Transfer (NIT), access to other markets,
receipt point contract transfers, etc.
Upon filing with the EUB, TransCanada will provide
customers with further details regarding the transaction.
The filing is expected to occur in the summer of 2003.
For more information on Simmons Pipeline, please contact
Don
Bell at 403.920.5560 or Dan
Ronsky at 403.920.5581.
