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TransCanada Considers Crude-By-Rail Option

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May 22, 2014

TransCanada Corp. (NYSE: TRP, TO: TRP.TO) is considering ways to deliver Canadian crude oil by rail to the U.S. as customers of its proposed Keystone XL seek an alternative to the delayed pipeline, CEO Russ Girling said, according to Bloomberg May 22.

The pipeline company is exploring how to modify existing contracts with Keystone XL customers to allow for rail shipments as it awaits U.S. permits for the pipe, Girling said in an interview May 21 at Bloomberg headquarters in New York. A rail option, which might cost twice as ...

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