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Texas Judge Lifts Halt on TransCanada Pipeline Construction: Report

12/13/2012 3:38:00 PM
By: MT Newswires
Referenced Stocks:

A Texas judge on Thursday lifted a temporary restraining order filed by a landowner that had halted some of TransCanada Corp.'s (TRP.TO) work on a pipeline to carry heavy crude oil from Oklahoma to Texas refineries, Reuters reported.

Texas County Court at Law Judge Jack Sinz in Nacogdoches County ordered TransCanada last week to stop building a pipeline, the southernmost section of the contentious Keystone XL project, across the property of Michael Bishop in east Texas, about 240 kilometres northeast of Houston.

In the order, which took effect on Tuesday, Judge Sinz said there was "sufficient cause" to halt work on Bishop's eight-hectare property until a planned Dec. 19 hearing. At Thursday's hearing, Judge Sinz lifted that restraining order, TransCanada said.

Bishop has claimed that TransCanada is in violation of its permit because the pipeline would carry heavy oil, or bitumen.

TRP shares were little changed at $45.58 on volume of 1.04 million.