Keystone XL May Be Approved in 6 to 9 Months

Bloomberg reported that TransCanada Corp. (NYSE:TRP) is likely to receive the approval for its Keystone XL pipeline in six to nine months.

As quoted in the market news:

The U.S. State Department, which has oversight of the Keystone XL pipeline because it would cross an international border, has said studying new routes would cause a delay of 12 to 18 months, regardless of any deal reached between Calgary- based TransCanada and Nebraska.

Click here to read the full Bloomberg report