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Market Chatter: Canadian Regulator Slashes Tolls For TransCanada Mainline

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"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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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