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TransCanada Says Keystone XL Start in 2015 ‘Difficult’

TransCanada Corp. Chief Executive Officer Russ Girling said the timeline for U.S. approval of the $5.3 billion Keystone XL pipeline project will make the start of operations in the second half of 2015 “difficult.”

The CEO said a final environmental impact statement from the State Department may come in “weeks, not months,” after which there will be a 90-day review of whether the project is in the U.S. national interest. “I hope a decision can be made this year,” Girling said today in an interview at Bloomberg headquarters in New York.