Energy regulator approves Trans Mountain toll settlement

The Canada Energy Regulator has given its approval to a settlement reached between Trans Mountain Corp. and various entities that pay to transport their oil through the Alberta-to-B.C. pipeline. According to a panel appointed by the regulator, the tolls that were mutually agreed upon are deemed "just and reasonable." This approval paves the way for Trans Mountain to contract up to 90 percent of the pipeline's capacity to shippers, up from the previous 80 percent cap.

The company disclosed this settlement in July following 18 months of negotiations with its shippers. Trans Mountain, a federal Crown corporation, manages the 1,180-kilometre pipeline that stretches from Edmonton to a marine terminal in Burnaby, B.C., where crude is loaded onto tankers for shipment across the Pacific Ocean. A project to increase the pipeline's capacity to 890,000 barrels per day was initiated in 2024, with further expansion plans aiming to reach 1.19 million barrels per day by late 2028. This report was originally published by The Canadian Press on September 28, 2026.