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Friday, Sep 13
TransCanada settles eastern Canada gas distribution dispute
- TransCanada (TRP +0.1%) says it reached a distribution agreement with gas companies in Ontario and Quebec that ends disputes over tolls and allows for increased supplies.
- TRP is still in talks with Spectra Energy (SE) and Enbridge (ENB) subsidiaries and others concerning plans to convert a portion of its mainline gas pipeline to carry oil to the Atlantic coast from western Canada.
- The agreement provides for a new natural gas transportation path through the planned Parkway pipeline to the Maple corridor near Toronto.