The Development Agreement pertains primarily to the early work and procurement necessary to construct the pipeline and contains the key terms for subsequent definitive agreements through to completion, including a provision for a 15 year take-or-pay commitment by TransAlta and an option for TransAlta to invest up to 50% in the pipeline. The parties have agreed in the Development Agreement to negotiate in good faith and execute the remaining definitive agreements over the summer 2018 timeframe. The project remains subject to customary conditions and regulatory approval.