TransCanada pushes back XL start-up

Pushed back: TransCanada is still confident Keystone XL pipeline will get built, but pushes back expected start-up date

AP/SCANPIX

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By News Wires

 14 February 2012 18:18 GMT

TransCanada, the backer of the Keystone XL pipeline project, said on Tuesday it still intends to build the controversial $7 billion line even as it again pushed back its already delayed schedule.



The company, which reported a 39% rise in net income on Tuesday, said it expects to have the 830,000-barrel Alberta-to-Texas line up and running by early 2015 after last estimating it could be operating by late 2014, Reuters reported.

The Obama administration has twice withheld approval for the Keystone XL line, once in November when it delayed a decision until after the 2012 presidential election and again last month, when Republican legislators tried to force the president to make a final decision on the line. Barack Obama rejected that bid…

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