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TransCanada Confident Of Clearing Keystone Nebraska Hurdle

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February 21, 2014

TransCanada Corp. is confident it can overcome the latest obstacle to its Keystone XL oil pipeline after a Nebraska judge ruled the project’s route illegal, setting up the potential for costly delays.

“This is a solvable problem and we are undeterred,” TransCanada chief executive officer Russ Girling said Feb. 20 on an earnings conference call. “We will work to minimize any potential impact on the project’s schedule.”

A judge ruled Feb. 19 that Nebraska’s governor didn’t have authority to approve a revised pipeline route, a decision that may delay the ...

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