TransCanada: Delays Could Cost $1M A Day
November 2, 2011, 4:59 PM
LINCOLN, NE -
A Canadian pipeline developer that wants to run an oil line through U.S. six states says delaying the project beyond its expected start date would cost the company $1 million a day.
Robert Jones is a TransCanada vice president overseeing the hotly contested Keystone XL pipeline project. Jones says in a statement given in response to a federal lawsuit that delays would damage the company's relationship with shippers and threaten its ability to recover money.
TransCanada says it's already spent $1.7 billion on the $7 billion Keystone XL, which would carry crude oil from Alberta to Texas Gulf Coast refineries.
The State Department has jurisdiction over the pipeline because it crosses an international border. Officials say they hope to approve or deny a permit for the project by year's end.
© 2011 Associated Press. All rights reserved. Material may not be redistributed.
3/5/2014 9:55 PM
The kids were ready to start class with a substitute teacher, but then she left the room, and things went horribly wrong.
3/7/2014 10:01 AM
Yankton Police Chief Brian Paulsen says authorities caught up with Joshua Charles Hudson Friday morning.
3/10/2014 2:43 PM
A truck driver is in the hospital following a crash at Interstate 29 and South Dakota Highway 50 Monday afternoon.
3/10/2014 11:32 PM
Robert Keith Johnson was last seen on Friday, March 7 around 10 p.m. at his home in Spearfish.
3/7/2014 12:05 PM
State officials say one-year-old Adryan Jones died on Wednesday from injuries received in a two-vehicle crash Monday, February 24.