Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[eFinanceMarkets]

$TRP TransCanada (NYSE:TRP) does not see a major issue in a route change for the proposed Keystone XL oil pipeline, CEO Russ Girling says, adding that he is confident that a key regulatory approval will stand.

Nebraska's Public Service Commission approved the pipeline, but not TRP’s preferred path; Girling says the new, approved route would add $100M-$200M in costs but believes the state's ruling was “solid."

TRP still has not made a final investment decision, but Girling notes the company has been advancing the project by acquiring more land.