Keystone Developer Seeks Route Approval Through Nebraska
Feb 18 2017
"TransCanada Corporation today announced it has filed an application with the Nebraska Public Service Commission (PSC) seeking approval for the Keystone XL pipeline route through the state", the release stated.
The proposed route is the same one that was reviewed by the Nebraska Department of Environmental Quality in 2013 and approved by then-Gov.
"Safety and a respect for the environment" will guide the company's work, said Russ Girling, TransCanada's president and chief executive officer.
But last month, President Donald Trump signed executive orders created to revive the Keystone XL and end a stalemate over completion of the Dakota Access pipeline in North Dakota.
U.S. President Donald Trump cleared the way for the project at the federal level last month, reversing an earlier decision by former President Barack Obama, who had blocked it over environmental concerns.
In fact, it would merely serve as an alternate route for the oil sands and crude that already travel within preexisting pipeline infrastructure, from Alberta due east to Manitoba, and then, following a 90 degree turn, southward into the American Midwest.
TransCanada filed the application Thursday morning with the Nebraska Public Service Commission, an independent elected board that regulates phone service, pipelines, taxis, grain dealers and other services in the state.
Nevertheless, Keystone XL has always had huge significance for Canada's oil industry because the capacity of the existing Keystone network has been maxed out.
The company's net loss attributable to shareholders narrowed to C$358 million, or 43 Canadian cents per share, in the fourth quarter ended December 31, from a loss of C$2.46 billion, or C$3.47 per share, a year earlier when TransCanada had to take a C$2.9 billion writedown on Keystone XL.
Trump said he also would seek "a better deal" for the Keystone XL, including use of US steel in its construction.
The debate and controversy over the Keystone XL pipeline officially returned to Nebraska on Thursday.
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