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Keystone XL pipeline's cost in South Dakota more t...

2014-09-16 18:17:01| Oil & Gas - Topix.net

The cost of the South Dakota portion of TransCanada Corp's Keystone XL pipeline has more than doubled to $1.974 billion in the last four years the project has awaited federal approval, the company said in a petition filed with the state Public Utilities Commission on Monday. The leap in costs from the previous 2010 estimate of $921.4 million is due to factors including the protracted regulatory process, inflation, currency changes, labour cost increases and materials storage, TransCanada spokesman Shawn Howard said.

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