Harvey damage prompts TransCanada to extend pipeline open season

September 6, 2017

TransCanada Corp (TRP.TO) will extend the open season on its Keystone pipeline system by a month because of the unprecedented flooding and damage caused by Hurricane Harvey slamming into the Gulf Coast region in late August, the company said on Wednesday.

Shippers will now have until Oct. 26 to sign up for committed capacity on the existing Keystone and proposed Keystone XL pipelines that will carry crude from Alberta's oil sands to Cushing, Oklahoma and the Gulf Coast.

The open season, which was launched on July 27, was originally scheduled to last until Sept. 28.

Harvey forced a quarter of U.S. refining capacity offline, shut down key liquids pipelines and disrupted crude production as it swept through the heart of the country's energy industry nearly two weeks ago.

Read more on Reuters...

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