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Critiquing the Settlement: Concerns Over Increased Firm Capacity and Regulatory Approval Delays

Published July 8, 2026 at 6:50 PM UTC

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While the recent settlement between Trans Mountain Corporation and oil shippers aims to resolve long-standing disputes over tolls and services, several concerns merit attention. The agreement proposes increasing the proportion of firm capacity from 80% to 90%, effectively reducing the availability of spot shipments from 20% to 10%. (, with implementation slated for January 1, 2027. This extended timeline introduces uncertainty and potential delays in the operationalization of the new framework. Such delays could affect shippers' planning and investment decisions, as they await regulatory confirmation before proceeding with long-term commitments.