TransCanada pushes back XL start to second half of 2015

Apr 26, 2013 | 03:20 PM |

Tags  tube, pipe, pipeline, oil, Keystone XL, TransCanada

NEW YORK — TransCanada Corp. has again pushed back its targeted start-up date for its controversial Keystone XL pipeline, and now expects the project to be in service by the second half of 2015.

The company, which attributed the later-than-expected commissioning to "ongoing delays in the issuance of a presidential permit," also said the project likely will cost more than the previously estimated $5.3 billion, "depending on the timing of the permit." The company said it had invested $1.8 billion in the project by the end of the first quarter.....

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