December 8, 2017 / 7:46 PM / a month ago

TransCanada sets new committed rates on Marketlink oil pipeline

HOUSTON (Reuters) - TransCanada Corp (TRP.TO) has set new committed rates for shippers on its Marketlink crude oil pipeline from Cushing, Oklahoma, to Texas, effective Jan. 1, according to a filing with the U.S. Federal Energy Regulatory Commission on Friday.

* New committed short-term rates for oil moving from Cushing to Houston are $2.50 a barrel for light crude and $3 a barrel for heavy crude. Short-term service is between six and 35 months.

    * New committed long-term rates are $1.95 and $2.05 a barrel for light crude and $2.34 and $2.46 a barrel for heavy crude. Long-term service is between three to 15 years.

    * For oil that continues to Port Arthur, Texas, there is an additional surcharge.

    Reporting by Bryan Sims

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