TransCanada Corporation today announced that its wholly-owned subsidiary NOVA Gas Transmission Ltd. (NGTL) has reached a settlement with shippers and other interested parties regarding the NGTL System annual revenue requirement for the years 2013 and 2014.

NGTL is proposing to permanently cease operations at 28 meter stations and 31 lateral pipelines, loops and/or producer tie-ins on the NGTL System within Alberta as these facilities are no longer necessary to provide service to customers.

TransCanada Announces $1.5 Billion NGTL System Expansion to Connect WCSB Supply to Incremental Market Demand