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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9457)	3/6/1998 9:07:00 PM
From: Arnie	of 15196

NEB / Interprovincial Pipelines (NW) Ltd obtains Toll Approval CALGARY, March 6 /CNW/ - The National Energy Board (''Board'') has approved the tolls that Interprovincial Pipe Line (NW) Ltd. (''IPL(NW)'') may charge on its pipeline system for the transportation of oil from Norman Wells, Northwest Territories to Zama, Alberta. IPL(NW) has been on interim tolls since 1 January 1996. The interim toll charged for transportation from Norman Wells to Zama for 1996 was $34.71 per cubic metre. The Board has now approved reduced final tolls for 1996: $32.35 per cubic metre from 1 January to 30 June and $27.19 per cubic metre, from 1 July to 31 December. IPL(NW) has calculated that the total refund based upon actual billing to shippers will be $4.0 million for 1996. The tolls approved for 1997 and 1998 are $29.81 and $27.94 per cubic metre, respectively. The new tolls result from a complaint filed with the Board in 1995 from the Government of the Northwest Territories (''GNWT'') regarding the tolls and tariff on the Norman Wells Pipeline. The complaint identified specifc areas where the GNWT believed the current method of calculating the tolls and cariff for IPL(NW) is incompatible with the manner in which the tolls and tariffs of other pipelines regulated by the Board are determined. The Board sought comments from interested parties on the complaint. However, the parties to the complaint agreed to negotiations with all interested or affected organizations. As a result of those negotiations, IPL(NW) filed an application for final tolls based upon the negotiated settlement with interested parties. IPL(NW), a wholly-owned subsidiary of Interprovincial Pipe Line Inc., owns and operates the Norman Wells oil pipeline. The pipeline extends 869 kilometres (539 miles) from Imperial Oil's production facilities at Norman Wells to an interconnection with the provincially-regulated Rainbow pipeline at Zama. Imperial Oil is the only full-haul shipper and provides over 99 per cent of pipeline revenue. Several other shippers enter the pipeline at Kilometre Post 839.2 (milepost 510.3). This News Release is also available on the Board's Internet Site at www.neb.gc.ca

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