TransCanada CEO sees Keystone XL proceeding

Thu Jan 19, 2012 11:57am EST
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CALGARY, Alberta (Reuters) - TransCanada Corp (TRP.TO: Quote) Chief Executive Russ Girling said on Thursday he believes the controversial Keystone XL pipeline to Texas from Alberta will ultimately go ahead despite its initial rejection by Washington.

Girling told an investment conference that a new application will likely proceed on an expedited basis and that the $7 billion pipeline can be in service by the end of 2014 if it gets a green light in the first quarter of 2013.

(Reporting by Jeffrey Jones; editing by Rob Wilson)