Credit: Shutterstock photo"Canada's National Energy Board on Thursday agreed to cut fixed tolls on TransCanada Corp's (TRP.TO, TRP) mainline, a cross-country natural gas pipeline network, which the regulator says will help keep the system competitive and profitable despite increasing supplies from U.S. shale gas producers," according to a Reuters report.
It said: "Canada's National Energy Board on Thursday agreed to cut fixed tolls on TransCanada Corp's mainline, a cross-country natural gas pipeline network, which the regulator says will help keep the system profitable amid increasing competition from U.S. shale gas supplies."
It added: "The board approved new rates that will see the cost of moving gas from Empress, Alberta, to Dawn, Ontario, fall to C$1.42 per gigajoule from C$2.58 per gigajoule under TransCanada's current tolling structure."
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