TransCanada Responds to National Energy Board’s Partial Approval of Restructuring Proposal for Canadian Mainline

TransCanada Corporation (TSX:TRP, NYSE:TRP) responded to the National Energy Board’s approval of their restructuring proposal for tolls and service on the Canadian Mainline.

As quoted in the press release:

The National Energy Board has approved some of TransCanada’s proposals related to Mainline tolls and has denied a number of the fundamental concepts we put forward to improve competitiveness and recover costs. The board has also introduced several new elements that were not part of our application, including fixing tolls outside the timeframe applied for.

To view the whole press release, click here.