TransCanada: U.S. Department of State Confirms Keystone XL Q1 2013 Decision Timeline

TransCanada Corporation

responded to the U.S. Department of State's (DOS) announcement today regarding its process and timeline for a final decision on the Keystone XL Pipeline. The announcement reiterates earlier statements made by the DOS that they expect to make a decision on the project by the first quarter of 2013. The DOS noted in the Final Environmental Impact Statement (FEIS) that it issued in August 2011 that the Keystone XL Pipeline will have "no material impact on the environmental resources along the route." The U.S. federal pipeline regulator (PHMSA) also noted that with all of the additional 57 safety measures that TransCanada has agreed to adopt this project "would have a degree of safety over any other typically constructed domestic oil pipeline under current code."