The Canada Energy Regulator on Monday approved Trans Mountain's negotiated toll settlement, deeming the rates just and reasonable and establishing a new framework for tariffs and transportation services on the pipeline system. The decision allows up to 90% of the pipeline's capacity to be contracted to shippers, up from 80%, the regulator said, while Trans Mountain can still ensure other shippers have meaningful access to available pipeline capacity. The settlement resolves an 18-month dispute over tolls charged on the expanded pipeline, which began operations in 2024 after a C$34 billion ($23.98 billion) expansion. That expansion project, completed in 2024, nearly tripled Trans Mountain's nominal capacity to 890,000 barrels per day from about 300,000 bpd, with commercial operations starting on May 1, 2024, after the Canadian government acquired the system from Kinder Morgan in 2018. The Trans Mountain system transports a range of crude oil and refined petroleum products to multiple destinations in British Columbia, including the Westridge Marine Terminal for export to international markets.
Pembina Pipeline CorpCanada Energy Regulator approved Trans Mountain's toll settlement, resolving an 18-month dispute and raising contracted capacity to 90%.
