TransCanada moves projected Keystone XL start-up to 2015

TransCanada has moved its expected in-service date for the Keystone XL crude pipeline to early 2015, a 1-year delay from previous statements. The company updated the project's status as part of its 2011 earnings report, in which it also reiterated its expectations that a reapplication for the US Presidential Permit denied in January would be processed in an expedited manner. The company concluded an open season in December 2011 for its Houston Lateral project and signed long-term contracts to transport crude oil from Hardisty, Alta., to Houston. The project would increase Keystone XL's capacity to 830,000 b/d and involve construction of a 50-mile pipeline extension from the proposed Keyst...

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