Canada-owned Trans Mountain asks regulator to approve oil pipeline tolls despite shipper complaints

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FILE PHOTO: A pipe yard servicing government-owned oil pipeline operator Trans Mountain is seen in Kamloops

A pipe yard servicing government-owned oil pipeline operator Trans Mountain is seen in Kamloops, British Columbia, Canada June 7, 2021. REUTERS/Jennifer Gauthier/File Photo Acquire Licensing Rights

WINNIPEG, Manitoba, Sept 15 (Reuters) – Trans Mountain Corp [RIC:RIC:TMC.UL], 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.

In a filing to the Canada Energy Regulator, Trans Mountain also said the toll proposal would result in the pipeline operator absorbing two-thirds of the construction cost increases for its long-delayed expansion project.

Reporting by Rod Nickel in Winnipeg, Manitoba

Our Standards: The Thomson Reuters Trust Principles.

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