TransCanada Corporation (NYSE:TRP): Closing price $46.44
The corporation said that it is disappointed by the National Energy Board’s most recent rejection of its proposals on the manner in which it charges customers to transport natural gas across the country. TransCanada is examining its options and reports that it might commence an appeal after being advised of the rejection by the NEB on Tuesday. In its ruling, the regulator told TransCanada that it had refused in its entirety the firm’s request for a review and variance of a March 27th decision that covered tolls and service on the Canadian Mainline. Furthermore, the company said that reasons for dismissing the application would follow later.