CALGARY, April 27 /CNW/ - The National Energy Board (NEB) will hear
evidence on an application from Enbridge Pipelines Inc. (Enbridge) to change
the transportation tolls and tariffs on its only westbound Canadian pipeline.
The hearing is scheduled to begin on 24 September 2007 at a location to be
announced at a later date.
Enbridge has applied to raise the tolls charged to shippers using its
849 km-long Line 9 pipeline. The new proposed tolls would apply to the final
nine months of 2006 and would be subject to an additional increase effective 1
The Board has identified a number of issues for discussion during the
proceeding including, but not limited to, the proposed rate base, revenue
requirement, capital structure, cost of debt and return on equity. It will
also be considering the proposed changes to depreciation expenses, whether and
to what extent terminal negative salvage should be collected and the
appropriateness of establishing proposed deferral accounts.
Calgary-based Enbridge said in its April 11 application to the NEB that
this toll increase is needed to cover the company's own revenue requirements
for Line 9. Enbridge plans to invoice its Line 9 shippers to recover the
difference between the tolls charged and its newly proposed tolls.
Enbridge's Line 9 ships 38,200 cubic metres (240,000 barrels) of liquid
petroleum per day from Montreal to Sarnia, Ont. and onward to refineries in
Corunna, Ont. The pipeline began westbound service in 1999.
Interested persons are invited to participate in this hearing in one of
i. by filing a letter of comment, or
ii. by seeking intervenor status
The deadline to apply for intervenor status is noon, Calgary time, 24 May
2007. The deadline to file a letter of comment is noon, Calgary time 19 July
2007. The above documents must be filed with Mr. David Young, Acting Secretary
of the National Energy Board and a copy provided to Enbridge and their legal
The NEB is an independent federal agency that regulates parts of Canada's
energy industry. Its purpose is to promote safety and security, environmental
protection, and efficient energy infrastructure and markets in the Canadian
public interest, within the mandate set by Parliament in the regulation of
pipelines, energy development and trade.
This news release and the Hearing Order are available on the Board's
Internet site at www.neb-one.gc.ca under What's New!
For further information:
For further information: Sarah Kiley (email@example.com),
Communications Officer, Telephone: (403) 299-3633, TTY (teletype):
1-800-632-1663; For a copy of the RH-2-2007 Hearing Order: National Energy
Board, Library, Telephone: (403) 299-3561, Email: firstname.lastname@example.org