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TransCanada Says Welcomes Approval of Keystone XL Pipeline Through Nebraska

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TransCanada Corporation (TSX:TRP) (NYSE: TRP) (TransCanada) welcomed news today that Nebraska Governor Dave Heineman has approved the re-route of the proposed Keystone XL Pipeline through the state. The Governor's approval comes after his review of the final evaluation report from the Nebraska Department of Environmental Quality (NDEQ) and is the last step in the re-route review process established by the Nebraska State legislature. The approved reroute now becomes part of the project's Presidential Permit application with the U.S. Department of State, which was filed on May 4, 2012.

"Over the past year, we have been listening to Nebraskans as we worked to identify a new route for the Keystone XL Pipeline that avoided the Sandhills, protected sensitive areas and addressed as many concerns as possible," said Russ Girling, TransCanada's president and chief executive officer. "The NDEQ process has clearly taken into account the input from Nebraskans and today's approval of the Nebraska re-route by Governor Heineman moves us one step closer to Americans receiving the benefits of Keystone XL – the enhanced energy security it will provide and the thousands of jobs it will create.

Posted-In: News Commodities Markets


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