Spectra Energy Corp. has received approval from the National Energy Board (NEB) for a new two-year negotiated toll settlement that defines the economic factors and provisions for establishing tolls, and maintains service standards for its British Columbia (B.C.) Pipeline.

"We are very pleased to reach a win-win settlement with our customers that will provide a stable and predictable process for establishing pipeline tolls for the next two years," said Mark Fiedorek, President of Spectra Energy Transmission West. "Our successful track record of working together with our producers and downstream customers to negotiate tolls demonstrates our joint commitment to ensuring B.C.'s natural gas resources continue to reach both new and existing energy markets."

Tags: Spectra Energy