International

Feb 14, 2012 12:30 PM by AP

TransCanada hopes for 2015 Keystone start up date

TORONTO (AP) - TransCanada has pushed back the possible start up date of a controversial pipeline that that would carry Canadian oil to refineries in Texas.

The Calgary, Alberta-based company said Tuesday in an earnings release that its executives continue to work with Nebraska to determine the best route that avoids Nebraska's environmentally sensitive Sandhills region.

Last month, the administration of President Barack Obama denied a permit for the project, but left the door open for TransCanada to apply for a new pipeline route. The company said last month it expected the new application would be processed in an expedited manner so that it could be in service in late 2014.

TransCanada has now moved that back to early 2015.

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