TransCanada Proceeds With Cushing To Gulf Coast Portion Of Keystone XL

TransCanada announced February 27 that it was proceeding with the Cushing, OK to Gulf Coast portion of the Keystone XL as a stand-alone project, at the approximate cost of $2.3 billion. The pipeline would be subject to regulatory approvals but not the state department permit required for cross-border pipelines, and the pipeline would be expected to be in service by late 2013.