Keystone XL May Be Approved in Six to Nine Months

TransCanada Corp. (TRP) may be able to win approval of its Keystone XL pipeline in six to nine months as the company negotiates with Nebraska and U.S. officials over a new route, Chief Executive Officer Russ Girling said.

“We can re-route this pipeline quite easily,” Girling said at an investors conference in Toronto today. Canadian producers and U.S. refiners contracted to move crude through the Keystone XL remain committed to the project, he said.

TransCanada and Nebraska announced Nov. 14 they would collaborate on finding a new route for the pipeline to avoid environmentally sensitive areas in the state. Opponents feared the pipeline’s original path through the Sandhills threatened a freshwater aquifer that provides drinking water to 1.5 million people.

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- Posted: 2011-11-16 11:58:05

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