By CAROLYN KING
TransCanada on Friday said it has pushed back the
in-service date for its proposed Keystone XL pipeline to the
second half of 2015 as it awaits approval for the controversial
The Calgary, Alberta-based pipeline company had previously
projected an in-service date of late
2014 or early 2015, subject to obtaining approval from the
The US State Department is still reviewing the project, which has faced stiff
opposition from environmental groups.
TransCanada said its $5.3 billion cost estimate for the
project will rise, depending on the approval timing.
At the end of the first quarter, it had spent $1.8 billion on
the project, which would pump
700,000 bpd of crude oil from Alberta to Nebraska, where
it would link to other pipelines bound for US Gulf Coast
Dow Jones Newswires