Keystone Route Approval Ruled Unconstitutional

Law360, New York (February 20, 2014, 11:38 AM EST) -- A Nebraska state judge on Wednesday nixed Gov. Dave Heineman's approval for a new route for TransCanada Corp.'s controversial Keystone XL pipeline, ruling that the law giving him the power to do so violates the state's constitution.

Lancaster County District Judge Stephanie F. Stacy sided with a group of landowners who challenged the law, L.B. 1161, saying it took away the exclusive authority of the state Public Service Commission to regulate pipeline routes, an authority granted by the state's Major Oil Pipeline Siting Act.

"Because L.B....
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.