Aly Hemraj's questions to South Bow Corp (SOBO) leadership • Q2 2025
Question
Aly Hemraj from TD Cowen, on for Aaron McNeil, asked for perspective on the recent Alliance pipeline settlement and whether it could signal future negative toll revisions for other Canadian pipelines like Keystone.
Answer
President and CEO Bevin Wirzba distinguished Keystone's situation, emphasizing its market-driven contracts with renewal provisions already approved by regulators. He expressed confidence in their ability to renegotiate contracts favorably by continuing to provide customers with the most competitive route and the highest netback to the strongest demand market.