TransCanada gains regulatory approval from Nebraska for Keystone XL

By zaymalz malz

TransCanada has announced that the Nebraska Public Service Commission (PSC) has approved an alternative route for the firm’s Keystone XL project - a ruling that has been considered key to moving forward with the completion of the pipeline after several years of limbo.

The vote resulted in a 3-2 sway from Nebraska’s PSC in favour of a route 30km east of TransCanada’s preferred route.

See also:

"As a result of today's decision, we will conduct a careful review of the Public Service Commission's ruling while assessing how the decision would impact the cost and schedule of the project," said Russ Girling, TransCanada's President and CEO.

As a result of its relocation, the new route opens up the pipeline to a new wave of legal and regulatory obstacles, something that is likely to be heightened by the significant opposition that defiantly stands against the construction of the pipeline.

“We are going to fight like hell to make sure this pipeline never gets built,” said Jane Kleeb, the Head of the anti-pipeline political advocacy group, Bold Nebraska.

The approved route will add a further five miles of pipeline, an additional pumping station and related transmission lines – all things that could require additional permits with it being outside the original one.

Despite the news, TransCanada said that it will continue to advance its $25bn near term capital program outside of its involvement in Keystone XL, in addition to exploring other longer term opportunities.


Featured Articles

PwC's Kathryn Kaminsky – the role of boards on social issues

As Vice Chair Trust Solutions Co-Leader at PwC, Kathryn Kaminsky says boards play an important role in helping businesses take action on social issues

Why your business needs a Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 top AI and ML trends for the enterprise in 2023 – Dataiku

With 2023 likely to be a huge year for AI, experts from AI platform provider Dataiku deliver their enterprise AI and ML trends for the year ahead

From NYC to Hong Kong, the rise of the private members' club

Leadership & Strategy

Meet the CEO: Jill Stelfox of Panzura, exclusive interview

Leadership & Strategy

The best Michelin-starred restaurants that are meat-free