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Dec 8, 2017

TransCanada sets new committed rates on Marketlink pipeline

TransCanada Pipeline

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TransCanada Corp (TRP.TO) has set new committed rates for shippers on its Marketlink crude oil pipeline from Cushing, Oklahoma, to Texas, effective Jan. 1, according to a filing with the U.S. Federal Energy Regulatory Commission on Friday.

New committed short-term rates for oil moving from Cushing to Houston are US$2.50 a barrel for light crude and US$3 a barrel for heavy crude. Short-term service is between six and 35 months.

New committed long-term rates are US$1.95 and US$2.05 a barrel for light crude and US$2.34 and US$2.46 a barrel for heavy crude. Long-term service is between three to 15 years.

For oil that continues to Port Arthur, Texas, there is an additional surcharge.