TransCanada Corporation launched an open season to solicit binding commitments from interested parties for transportation services of crude oil from Cushing, Oklahoma to markets on the U.S. Gulf Coast for incremental capacity on Marketlink. Interested parties may submit binding bids for transportation capacity during the open season that will close at 12 p.m. MT on May 21, 2019.

Uncertainty and changing expectations in the regulatory process are like ‘poison’ to those looking to invest billions of dollars developing new pipelines and other large-scale infrastructure. And the challenges TransCanada and other companies have faced in recent years will be made worse by changes proposed in Bill C-69.