CALGARY, May 22, 2014 /PRNewswire/ - Alliance Pipeline announced today it has filed an application with Canada's National Energy Board (NEB) for regulatory approval of the tolls and tariff provisions Alliancerequires to implement its proposed new services.
The NEB application is a key milestone for Alliance as it negotiates new natural gas transportation agreements and moves to a new business model. Regulatory approval would allow Alliance to offer its customers a menu of new services and competitive tolls replacing 15-year firm service contracts that expire November 30, 2015.
"Our new services offering represents a compelling value proposition for shippers and paves the way to remain highly utilized beyond 2015," said Terrance Kutryk, President and CEO. "Our offering is customer-focused, competitive and enables shippers and Alliance to be responsive to evolving market conditions."
Alliance's new services offering reflects extensive market consultation and includes full-path and segmented receipt and delivery services, a new Canadian trading pool and a revised hydrocarbon dewpoint (HCDP) specification.
Alliance plans to file a regulatory application with the Federal Energy Regulatory Commission in 2015 to revise its U.S. tariff.
Background on Alliance's proposed new services.
About Alliance Pipeline
Alliance Pipeline Limited Partnership ("Alliance Canada") owns the Canadian portion of the Alliance Pipeline system. Alliance Canada is owned 50 percent each by Enbridge Income Fund, an affiliate of Enbridge Income Fund Holdings Inc. (TSX:ENF), and Veresen Inc. (TSX:VSN).
Alliance Pipeline L.P. ("Alliance U.S.A.") owns the U.S. portion of the Alliance Pipeline system. Alliance U.S.A. is owned 50 percent each by Enbridge Inc. (TSX:ENB) (NYSE:ENB) and Veresen Inc. (TSX:VSN).
SOURCE Alliance Pipeline Limited Partnership
PDF available at: http://stream1.newswire.ca/media/2014/05/22/20140522_C9617_DOC_EN_40674.pdf
