TransCanada Corp is “cautiously optimistic” about prospects for building of its Keystone XL pipeline even after the state of Nebraska denied the corporate’s most popular route, the chief of the oil-producing province of Alberta mentioned on Wednesday.

The feedback by Premier Rachel Notley, whose authorities spoke with TransCanada representatives after the choice, had been the primary indication of the corporate’s stance on Monday’s announcement from the Nebraska Public Service Commission. TransCanada has to date mentioned solely that it’s going to consider the choice.

A spokesman for TransCanada, which has been making an attempt to advance the $eight billion Alberta-Nebraska pipeline for almost a decade, mentioned the corporate took be aware of Notley’s feedback and reiterated that it’s going to evaluation the choice.

@onlinelaw@

During a convention name with media, Notley mentioned: “They are cautiously optimistic. The new route was not a complete shock to them.”

The Nebraska fee on Monday accepted the pipeline, however rejected the corporate’s most popular route in favor of a extra pricey different that may add 5 miles (eight km) of pipeline, together with a further pumping station and associated transmission strains.

U.S. federal authorities and Nebraska officers have mentioned it was unclear if the modified route required the corporate to use for any further permits.

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Shareholders have mentioned they need TransCanada to push forward with the pipeline growth.

Source: www.reuters.com

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