Impact of U.S. court ruling on Keystone XL timing unclear: TransCanada

(Reuters) - TransCanada Corp is reviewing a choice by a Montana choose blocking off development of the Keystone XL pipeline, however, the effect on project timing remains unclear, the company’s pinnacle crude pipeline government said on Tuesday. 

VFILE PHOTO: A TransCanada Keystone Pipeline pump
station operates outside Steele City, Nebraska March 10, 2014. REUTERS/Lane Hickenbottom/File Photo

“We’re going via the decisions, we’re reviewing the deficiencies to determine how fantastic to address the deficiencies,” Paul Miller, President, Liquids Pipelines, stated at an Investor Day in Toronto. “At this factor, it is too soon to decide what have an impact on the ruling will have on our schedule.”

Miller brought that the business enterprise stays “fully committed” to the $8 billion pipelines, which would raise crude from Alberta to Steele City, Nebraska, where it would join to refineries in the U.S. Midwest and Gulf Coast, as nicely as export terminals.

The project, in the works for a decade, was once dealt a blow before this month when a U.S. judge in Montana blocked development pending further environmental review.

TransCanada is nevertheless expecting a separate ruling from a Nebraska courtroom on routing. The enterprise had predicted to begin development on the 1,180 miles (1,900 km) pipeline in 2019.

Shares of TransCanada had been down 0.33 percent at C$51.45 in Toronto.