NEB approves NGTL's Integrated Asset Transfer Project Application
16 Oct, 2014, 16:45 ET
CALGARY, 16 oct. 2014 /CNW Telbec/ - The National Energy Board (NEB or Board) today released its decisions, and recommendations to the federal government, regarding an application by Nova Gas Transmission Limited (NGTL) for the Integration Asset Transfer Project (Application).
The NEB has approved NGTL's Application to sell certain assets, currently owned by NGTL, to ATCO Gas and Pipelines Limited (NGTL Transferred Assets), and for leave to purchase certain assets, currently owned by ATCO Gas and Pipelines Ltd. (ATCO Transferred Assets).
In addition, the Board has varied existing Certificate of Public Convenience and Necessity (Certificate) GC-113 to reflect the NGTL Transferred Assets leaving the Board jurisdiction.
The Board recommends that a Certificate be issued for the section 52 facilities, known as the ATCO Transferred Assets. Should the Governor in Council (GIC) direct the Board to issue a certificate, the terms and conditions of the certificate are set out in the Recommendation Report. The Board also recommends that the GIC approve the variation of Certificate GC-113 to effect the variation and reflect the NGTL Transferred Assets leaving the Board's jurisdiction.
The Board is satisfied that the ATCO Transferred Assets meet the National Energy Board Onshore Pipeline Regulations requirements. Consequently, the Board grants leave to open these facilities to NGTL, should a Certificate for the Project be issued.
The National Energy Board is an independent federal regulator of several parts of Canada's energy industry with the safety of Canadians and protection of the environment as its top priority. Its purpose is to regulate pipelines, energy development and trade in the Canadian public interest.
This news release and the Application are available on the NEB's Internet site at www.neb‑one.gc.ca under What's New!
SOURCE: National Energy Board
For further information: Stacey Squires, Communications Officer, E-mail: [email protected] , Telephone: 403-299-2717, Telephone (toll free): 1-800-899-1265, Facsimile: 403-292-5503, Facsimile (toll free): 1-877-288-8803, TTY (teletype): 1-800-632-1663
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