TransCanada Corporation Up 1% amid reports it Plans Early 2011 Start of Keystone Cushing Extension

By Midnight Trader,  September 24, 2010, 03:36:36 PM EDT

TransCanada Corporation (TRP.TO) is up 1% and moving toward an existing year high of $38.88 amid reports it expects the Cushing Extension of the Keystone system to be in service in the first quarter next year.

"We are about 80% complete on the pipeline and about 75% complete on facilities," Ken Murchie, a director of pipeline development, said today at the Platts Pipeline Development and Expansion conference in Houston, according to a Bloomberg report. "We are looking at having construction completed this year."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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