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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Herb Duncan who wrote (11137)	6/9/1998 6:37:00 PM
From: SofaSpud	Respond to of 15196

PIPELINES / NEB Approves IPL Application NEB APPROVES AN APPLICATION FROM INTERPROVINCIAL PIPE LINE INC. FOR THE CONSTRUCTION OF PIPELINE FACILITIES CALGARY, June 9 /CNW/ - The National Energy Board (''Board'') today approved an application by Interprovincial Pipe Line Inc. (''IPL'') to construct 15 new sections of 914 millimetre (36 inch) outside diameter pipe to connect to existing 1219 millimetre (48 inch) outside diameter loop sections to create a fifth pipeline between Kerrobert, Saskatchewan and Gretna, Manitoba. This project comprises the first phase of the Terrace Expansion Project. The applied-for facilities include approximately 619 kilometres (385 miles) of pipeline, 19 pumping unit additions, 15 tie-in facilities and related station facility equipment. Approximately 373 kilometres (232 miles) of pipeline would be constructed within existing IPL easements while approximately 246 kilometres (153 miles) would be constructed on new easements to be acquired adjacent to existing IPL easements. The applied-for facilities would increase throughput capability of the existing IPL system by approximately 27 000 cubic metres (170,000 barrels) per day. The pipeline would be used primarily to satisfy export markets. The estimated capital cost of the proposed facilities is $610 million with a planned in-service date of 31 January 1999 for the new line pipe and 1 September 1999 for the pumping facilities. With respect to toll matters, the Board approved a tolling agreement between IPL and its shippers in accordance to the Board's 1994 Guidelines for Negotiated Settlements of Traffic, Tolls and Tariffs. The Board considered the application at a public hearing held on 15 and 16 April 1998 in Calgary. For a copy of the Reasons Library for Decision OH-1-98: At the NEB Office Ground Floor 311 - Sixth Avenue S.W. By Mail Publications Office 311 - Sixth Avenue S.W. Calgary, AB T2P 3H2 Tel: (403) 299-3562 Fax: (403) 292-5503 Email: orders@neb.gc.ca -30- For further information: Denis Tremblay, Communications Officer, (403) 299-2717