New Keystone route being finalized: TransCanada CEO
5:27 PM, E.T. | December 16, 2011
TransCanada has not finalized an alternate route for its controversial Keystone XL pipeline through Nebraska, but once approved, it could take between six to 15 months for the project to get going.
CEO Russ Girling tells BNN TransCanada is still in discussion with Nebraskans over the new route. We’re in the process of defining the scope. Once we define the scope, then we can propose alternative routes.”
The timeframe for the construction of the project will be determined by the scope and amount of re-routing the new plan entails, Girling says. “We will try as much as possible to use the work that’s been done. But the timeframe will be defined by the scope.”
Girling says the company has “many things going on,” defending against criticism that outside of Keystone, it doesn’t have many near or medium-term growth catalysts. “We have three great platforms for growth. Oil, gas and power – all are providing us with more opportunities than we have money to spend.”