| Keystone XL developer drops landowner lawsuits in Nebraska | |
| | |
|
LINCOLN, Neb. (AP) -- The developer of the Keystone XL pipeline is shifting course in Nebraska and will withdraw lawsuits seeking to gain access to the property of landowners who oppose the project, the company announced Tuesday. TransCanada Inc. said it will abandon its current efforts to invoke eminent domain through the courts and will reapply for state approval despite having received the go-ahead from former Republican Gov. Dave Heineman in 2013. Heineman approved the project under a now-contested pipeline-siting law that granted him the final say over the project's route through Nebraska. TransCanada spokesman Mark Cooper said the company will instead seek a review from the Nebraska Public Service Commission — a small, elected group that regulates most pipeline projects — as many opponents have wanted. Cooper said the company intends to seek approval for the same route that was approved by the governor, but reapplying through the commission provides "the clearest path to achieving route certainty," given the lawsuits that sought to overturn Nebraska's 3-year-old pipeline-siting law. "It ultimately saves time, reduces conflict with those who oppose the project and sets clear rules for approval of the route," Cooper said. |
|
|
Transcanada Pipelines Ltd.
|
|
|
CODE : TRP.TO |
ISIN : CA89353D1078 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Transcanada Pipelines is a producing company based in Canada. Transcanada Pipelines is listed in Canada. Its market capitalisation is CA$ 42.9 billions as of today (US$ 31.4 billions, € 29.4 billions). Its stock quote reached its lowest recent point on February 18, 2000 at CA$ 10.00, and its highest recent level on February 21, 2020 at CA$ 76.58. Transcanada Pipelines has 867 229 952 shares outstanding. |