TransCanada Proposes New Keystone Pipeline Route in Nebraska

TransCanada Corp. (TRP), the company seeking to build a pipeline to ship crude from Canada’s oil sands to Texas, submitted new proposed routes in Nebraska for its Keystone XL line.

The plan was submitted today to the Nebraska Department of Environmental Quality, Shawn Howard, a spokesman for Calgary- based TransCanada, said today during a telephone interview.

In January, U.S. President Barack Obama rejected a TransCanada proposal over concerns about the pipeline’s path through environmentally sensitive parts of Nebraska.

The company said in February it would reapply for a permit to build Keystone. TransCanada’s submittal of alternative routes is the first step in winning approval for the project in Nebraska. TransCanada will also need federal approval.

“Nebraska will move forward on the review process of the proposed Keystone XL pipeline and any future pipelines that will create jobs and reduce U.S. dependence on Middle Eastern oil,” Nebraska Governor David Heineman, a Republican, said yesterday in a statement posted on the governor’s website.

Heineman called the review a “top priority.”

To contact the reporter on this story: Mark Chediak in San Francisco at mchediak@bloomberg.net.

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net.

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