Trans Mountain wants to recoup some costs from shippers and set tolls based on a formula outlined in an earlier agreement
Trans Mountain Corp, the oil pipeline company owned by the Canadian government, asked a regulator on Thursday to approve the proposed tolls it wants to charge shippers, who have said they are too high.
The expansion would nearly triple the flow of crude from Alberta to Canada’s Pacific Coast in British Columbia to 890,000 barrels per day, and is due to start up early next year. Construction has been beset by delays and a nearly quadrupling of its costs to $30.9-billion. “The approved toll methodology is essentially a cost risk-sharing framework, and Trans Mountain’s applied-for interim fixed tolls would result in Trans Mountain bearing more than two-thirds of the construction cost increases for the project since 2017,” Trans Mountain’s lawyer Sander Duncanson said in the filing.
“There is no evidentiary or legal basis for the to relieve the shippers from their corresponding obligations under the ,” Duncanson said.
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