M&NP Applies To NEB For New Tolls

Canada's National Energy Board has received an application from Maritimes & Northeast Pipeline Management Ltd. to approve final tolls from Test Period 2001, which runs October 2000 through Dec. 31, 2001, and for Test Period 2002, which runs from Jan. 1, 2002 through Dec. 31, 2002. M&NP has been operating on interim tolls approved by the NEB since Oct. 1, 2000.

Not included in the application are the costs related to the Point Tupper Lateral. M&NP said the Port Tupper Lateral costs would be filed when it has completed commercial arrangements with Sable Offshore Energy Inc. M&NP also requested that NEB not schedule a public hearing on the application until it reports the results from its negotiations this month with the Toll and Tariff Working Group.

Heeding the request, the NEB said it would not schedule public hearings or process the application until it has received complete information on costs related to the Point Tupper Lateral.

For Test Period 2001, M&NP has requested approval for a revenue requirement of C$177.9 million, a rate base of C$883.2 million and a rate-of-return on rate base of 8.41%. For Test Period 2002, M&NP is requesting approval of a revenue requirement of C$146.7 million, a rate base of C$900.1 million and a rate-of-return on rate base of 8.25%.

For more information, call Ross Hicks, NEB public affairs officer, at (403) 299-3930 or visit the NEB web site at www.neb.gc.ca.

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