TransCanada Pushes Keystone Start Date To Late 2015

Law360, New York (April 26, 2013, 5:05 PM EDT) -- TransCanada Corp. said Friday that its Keystone XL pipeline likely wouldn’t be up and running until the second half of 2015 and said its $5.3 billion price tag could increase, pointing the finger at an Obama administration still mulling whether to approve the controversial project.

The company had previously projected an expected in-service date of late 2014 or early 2015. In a statement announcing its earnings for the first quarter of 2013, TransCanada said it had pushed back the in-service date “due to ongoing delays in...
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