Keystone could be delayed by year

Canadian pipeline developer TC Energy said Friday the Keystone XL pipeline would face significant new delays because of a Montana district court ruling last month that invalidated a critical nationwide water permit for its construction.

“The long-term potential delay with any of these very omnibus-type filings or motions to vacate a permit that broad could have up to a year delay on the ultimate project,” said Bevin Wirzba, TC Energy’s senior vice president of liquids pipelines, on the company’s first-quarter earnings call with analysts.

TC Energy said it was still moving forward with construction of the $8 billion pipeline and that it expects the line to enter service in 2023, according to the quarterly report to shareholders.

The company said it was reviewing options to address the impact of the Montana ruling and to “secure the necessary authorizations to continue with planned Keystone XL construction.”