FW: TCPL Toll Application

TCPL has replied to the NEB they and the signatories wish to proceed with their application unamended. Now for the board to establish a process. The earliest this could be in place would be August 1 but realistically it could be much later than that.

-----Original Message-----
From: Heal, Kevin
Sent: Monday, June 11, 2001 12:55 PM
To: Hemstock, Robert; Tiberi, Fino; Mckay, Jonathan; Le dain, Eric; Concannon, Ruth; Pearson, Jeff; Hedstrom, Peggy; Milnthorp, Rob; Storey, Geoff
Subject: TCPL Toll Application

The NEB has advised that because of the substantial opposition to the Settlement, it can not treat it as a "Negotiated Settlement". This means the board will not be obligated to approve or deny the application as a whole and could cherry pick what components get approved. The board has asked TCPL to confirm whether to they wish to proceed with the application or file something new before the board establishes a process to consider the tolls. Interesting to see if any of the signatories walk away from the deal in light of this.
Kevin