Keystone XL Ruling Delay May Set Back TransCanada Pipe Six Months

Posted by Bloomberg: Rebecca Penty and Bradley Olson on March 5th, 2013
Bloomberg: TransCanada Corp. (TRP)’s timeline for the Keystone XL pipeline may be pushed back at least six months if the Obama administration doesn’t issue final approval by the end of June, extending lower Canadian crude prices that threaten oil-sands growth. TransCanada expects a decision by mid-year to complete its pipeline by early 2015. If a decision is pushed past September, the company faces choosing between spending more or delaying startup until mid-2015, Alex Pourbaix, TransCanada’s president of......

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