TransCanada Lower in TSX, U.S. As Seeks to Reduce Mainline Tolls
TransCanada Corp. (TRP.TO) edged off by less than 1% on the Toronto Stock Exchange and was also down in the United States after announcing late Thursday that it seeks to reduce tolling on its mainline to bring down the cost of transporting gas from the western Canada sedimentary basin to its downstream markets by nearly a third.
The company said it has sought "to achieve a balanced solution that would benefit producers, shippers, consumers and TransCanada while adhering to established regulatory principles and a cost of service toll methodology."
Companies: TransCanada Corp.
Price: US$42.54. Price Change: -0.58. Percent Change: -1.3.
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