The cost of building the Keystone XL pipeline could reach $10 billion from an original price tag of $5.4 billion, TransCanada Corporation CEO Russ Girling told the Wall Street Journal September 19. Six years into the regulatory approval process, the cost of the project could reach a “number that gets you into the high single digits to a 10 number,” he said. TransCanada spokesperson Shawn Howard added that “increased project costs mean higher costs for refiners—and those costs will likely be passed on to all of us as consumers.” Krugel cites a Reuters report that U.S. hedge funds “are eyeing a restructuring of TransCanada,” but the company’s former CEO said a break-up of the company would be “wild speculation.”
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