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February 12, 2013
08:44 EDTTRPTransCanada expects Keystone XL service in late 2014, early 2015
TransCanada said in its earnings release that on January 4, the Nebraska Department of Environmental Quality issued its final evaluation report on the proposed re-route of Keystone XL to the Governor of Nebraska. The report noted that the new route avoids the Nebraska Sandhills, and that construction and operation of the pipeline is expected to have minimal environmental impacts in Nebraska. On January 22, 2013, the Governor of Nebraska approved the re-route through the state. The new route now becomes part of the project's Presidential Permit application with the U.S. Department of State, which was filed on May 4, 2012. Subject to regulatory approvals, TransCanada expects Keystone XL to be in service in late 2014 or early 2015. The approximate cost of the line is $5.3B.
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