REFILE-TransCanada expects Keystone XL to be in service in H2 of 2015

Fri Apr 26, 2013 9:07am EDT
 
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April 26 (Reuters) - TransCanada Corp reported a 27 percent rise in first-quarter profit, and said it now expects its Keystone XL pipeline to be in service in the second half of 2015.

Canada's No.2 pipeline company said net income attributable to common shares rose to C$446 million ($437 million), or 63 Canadian cents per share, from C$352 million, or 50 Canadian cents per share, a year earlier.

Comparable earnings, which exclude most one-time items, were C$370 million, or 52 Canadian cents per share.

The long-delayed pipeline is awaiting U.S. presidential approval.