TransCanada Calls 2015 Keystone XL Start ‘Difficult’

TransCanada Corporation (NYSE:TRP) (TSE:TRP) CEO Russ Girling has said that starting operation of its Keystone XL project will be difficult due to the length of the U.S. approval process, reports Rebecca Penty of Bloomberg.

TransCanada CEO’s expectations

Girling said that he expected to receive a final environmental impact assessment from the U.S. State Department in the coming weeks, but that there would still be a 90 day waiting period before the project could receive approval. The process is being managed by the State Department because the pipeline crosses an international border, but eight agencies will have input on whether or not the project goes forward. The last set...