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Nov. 20, 2017, 12:03 p.m. EST

Nebraska removes last hurdle in way of Keystone XL pipeline construction

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By Christopher M. Matthews and Vipal Monga


Reuters
A depot used to store pipes for Transcanada Corp's planned Keystone XL oil pipeline is seen in Gascoyne, North Dakota, January 25, 2017.

Nebraska officials on Monday approved the Keystone XL pipeline, removing the last major regulatory hurdle standing in the way of the long-delayed project.

The Nebraska Public Service Commission in a 3-2 vote approved Keystone XL, which would extend the company’s existing Keystone pipeline to carry oil 1,700 miles from Alberta to Steele City, Neb.

Opposition from landowners and others in Nebraska helped animate a national movement to protest the pipeline that effectively stalled it for years. TransCanada Corp. /zigman2/quotes/200192679/composite TRP -0.05%   /zigman2/quotes/203758221/delayed CA:TRP +0.26%   first proposed the project in 2008.

President Donald Trump revived Keystone XL in March, reversing an Obama administration federal directive to block its construction. But the pipeline still required state-level approval from Nebraska regulators.

An expanded version of this story is available at WSJ.com

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/zigman2/quotes/200192679/composite
US : U.S.: NYSE
$ 43.90
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Volume: 127,101
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Market Cap
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Rev. per Employee
$1.45M
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/zigman2/quotes/203758221/delayed
CA : Canada: Toronto
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+0.15 +0.26%
Volume: 259,322
Sept. 25, 2020 10:25a
P/E Ratio
12.90
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Market Cap
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Rev. per Employee
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