Trans Mountain Corp. has reached a settlement agreement on the tolls customers pay to use its pipeline system, resolving a prolonged dispute with major oil shippers.
The Crown corporation has filed the negotiated terms with the Canada Energy Regulator (CER), requesting approval by October 1 to support the implementation of a new regulatory framework by 2027.
The deal concludes more than three months of volatile negotiations that began in late February, during which stop-start talks and public disagreements between the operator and its customers created uncertainty in global energy and commodities markets.
By finalizing the toll structure, Trans Mountain aims to stabilize revenue expectations and provide shippers with clarity on future transport costs.
This development follows a period of heightened volatility in energy markets, where geopolitical tensions and supply chain disruptions have driven price swings.
The resolution of the Trans Mountain toll dispute removes a significant source of operational uncertainty for Canadian crude exports, potentially supporting stability in West Texas Intermediate (WTI) and Canadian heavy crude benchmarks.