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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.