TransCanada Disappointed & Frustrated With Keystone Delay - Quick Facts

(RTTNews) - Energy infrastructure company TransCanada Corp. (TRP.TO, TRP) released the statement from TransCanada's President and Chief Executive, Russ Girling, regarding another process delay announced by the U.S. Department of State or DOS April 18, 2014 relating to the permitting process for Keystone XL.

On April 18, DOS said it would seek the input of 8 federal agencies in the course of assessing the National Interest Determination. Previously, DOS had asked for their views by early May. State has now notified agencies that it is extending the period and providing more time for the submission of their views on the proposed project. A core reason for that, in the words of DOS, is the potential impact of the Nebraska Supreme Court case which could ultimately affect the pipeline route.

The company added that it is extremely disappointed and frustrated with yet another delay.