TransCanada building southern half of Keystone XL

TransCanada will proceed with construction of the southern portion of the Keystone XL pipeline while proceeding with a new application to build the northern portion of the pipeline, which will require State Department approval.

The company “informed the [State Department] that what had been the Cushing to U.S. Gulf Coast portion of the Keystone XL Project has its own independent value to the marketplace and will be constructed as a stand-alone Gulf Coast Project, not part of the Presidential Permit process,” TransCanada announced today. The State Department had previously not allowed portions of the Keystone pipeline to be constructed until the whol project, including the northern route through Nebraska, was approved.