TransCanada Confident It Will Find Customers for Keystone XL
- Company has held discussions with existing shippers, new ones
- Commercial, regulatory situations will be assessed in November
TransCanada Sees Producer Support for Keystone Pipeline
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TransCanada Corp. said it still expects commercial support for its controversial Keystone XL oil pipeline, tamping down speculation that it was having trouble finding customers for the long-delayed line.
Keystone XL, which was rejected by the Obama administration before being revived by President Donald Trump this year, would boost TransCanada’s dividend growth, the company said in a statement Friday. Media reports in recent weeks said that the company was having trouble signing up customers for the pipeline, conceived to help move crude from Alberta’s oil sands to refineries on the U.S. Gulf Coast.