TransCanada Corp. will file an application with the Nebraska Public Service Commission (PSC) to seek approval for the Keystone XL Pipeline’s route through the state, the company said Sept. 30.
TransCanada is also currently withdrawing its eminent domain actions and taking steps to terminate constitutional court proceedings in Holt County, Neb.
Keystone XL is a 1,179-mile pipeline from Hardisty, Alberta, to Steele City, Neb., that will transport Canadian and U.S. Bakken oil to U.S. markets.
"After careful review, we believe that going through the PSC process is the clearest path to achieving route certainty for the Keystone XL Project in Nebraska," said Russ Girling, president and CEO. "It ultimately saves time, reduces conflict with those who oppose the project and sets clear rules for approval of the route."
The proposed route was evaluated by the Nebraska Department of Environmental Quality and approved by the state’s governor in 2013.
This route is also the preferred route of the majority of Nebraskans who participated in a thorough comment period that included open-house discussions and allowed for hundreds of additional comments, the company said. The review also included conversations with landowners along the pipeline corridor, 91% of whom signed voluntary easements to construct Keystone XL.
The project has undergone five independent reviews of safety and potential environmental impacts by the State Department, and also one authored by the State of Nebraska after its year-long public process, TransCanada said. All reviews concluded the project could be constructed and operated safely with minimal environmental impact.
TransCanada Corp. is based in Calgary, Alberta.
Recommended Reading
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
2024-04-25 - The final phase of Chevron’s project will produce about 260,000 bbl/d.
ProPetro Ups Share Repurchases by $100MM
2024-04-25 - ProPetro Holding Corp. is increasing its share repurchase program to a total of $200 million of common shares.
Segrist: The LNG Pause and a Big, Dumb Question
2024-04-25 - In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
Baker Hughes Hikes Quarterly Dividend
2024-04-25 - Baker Hughes Co. increased its quarterly dividend by 11% year-over-year.
Weatherford M&A Efforts Focused on Integration, Not Scale
2024-04-25 - Services company Weatherford International executives are focused on making deals that, regardless of size or scale, can be integrated into the business, President and CEO Girish Saligram said.