TransCanada CEO Girling Sees Completion of U.S. Study ‘in Weeks’

TransCanada Corp. (TRP) Chief Executive Officer Russ Girling said he expects a U.S. environmental impact statement on the Keystone XL pipeline will be released “hopefully in the coming weeks.”

Girling was speaking to reporters in Toronto today after the U.S. State Department said it will give the public more time to comment on the Keystone XL pipeline, which could delay the final decision on a project that has been under review for more than five years.

The department is completing a final environmental assessment of the proposed pipeline to carry oil sands crude from Canada to refineries along the Gulf of Mexico. When that’s released, State Department officials will start a process to determine whether TransCanada’s $5.4 billion project is in the national interest before President Barack Obama makes a final decision.

To contact the reporter on this story: Divya Balji in Toronto at dbalji1@bloomberg.net

To contact the editor responsible for this story: Joanna Ossinger at jossinger@bloomberg.net

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