Regulatory, Indigenous and Environmental

TC Energy in its application of the Dawn Long Term Fixed Price service

TC Energy
Key Contact
Shawn Denstedt, KC

Chair Emeritus, Calgary

Team
Sander Duncanson

Partner, Regulatory, Indigenous and Environmental, Calgary

 

The Dawn LTFP application was for a new long-term firm transportation service on the TransCanada Mainline from the Alberta/Saskatchewan border to the Dawn hub in southern Ontario. The service was negotiated between TC Energy and 23 natural gas producers in the Western Canada Sedimentary Basin for a total volume of 1.5 petajoules per day (PJ/d) at a fixed toll of $0.77 per gigajoule (Gj) per day for a term of 10 years, representing approximately $2 billion in net revenues to the Mainline over the contract term. The application was contested by several existing shippers on the Mainline and was subject to a public hearing process before the National Energy Board (NEB). The NEB approved the Dawn LTFP service as applied-for on September 21, 2017.

Osler, Hoskin and Harcourt LLP represented TC Energy with a team consisting of Shawn Denstedt and Sander Duncanson (Regulatory, Indigenous and Environmental).

Value
$2 billion
Date Closed
September 21, 2017
Lead Office
Calgary
Key Contact
Shawn Denstedt, KC

Chair Emeritus, Calgary

Team
Sander Duncanson

Partner, Regulatory, Indigenous and Environmental, Calgary