- CEO Russ Girling says TransCanada (TRP +1.1%) could develop a rail bridge to Nebraska if the Keystone XL pipeline continues to be held up by the U.S. government.
- Girling has been critical of the boom in crude-by-rail because it's less safe than pipelines, but with rail cars traveling unrestricted across the U.S.-Canada border, he expects rail to become a big part of TRP's future as pipelines wait for regulatory approvals.
- 400K-500K bbl/day of oil will move out of western Canada by rail next year, increasing to 1M bbl/day by 2015, the CEO says.
- Girling also sees opportunities to build new oil pipelines in Mexico, where TRP already has two natural gas pipelines: "What we bring to the table is obviously our capital, but probably more importantly is our expertise in some of the more difficult terrain and remote terrain in Mexico."
TransCanada mulls rail bridge if Keystone delays continue
Dec 18 2013, 12:42 ET