Keystone XL pipeline to be delayed

3:10 PM, Apr 26, 2013   |    comments
Pipeline project (Credit: NBC)
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CALGARY, Alberta (AP) - TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current US$5.3 billion price-tag as it continues to await U.S. government approval.

TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. It is now looking at a late-2015 start-up.

The Canadian company said Friday the $5.3 billion cost estimate will increase depending on the timing of the permit.

The Obama administration is considering whether to approve the pipeline, which would carry 800,000 barrels of oil a day from Alberta across six U.S. states to the Texas Gulf Coast. A decision is expected this summer. The pipeline has become a flashpoint in the U.S. debate over climate change.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

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