TRANSCANADA TO REAPPLY FOR U.S. PERMIT

THE HEAD OF TRANSCANADA OIL SAYS HIS COMPANY WILL REAPPLY FOR A PRESIDENTIAL PERMIT TO CONSTRUCT AN OIL PIPELINE THROUGH THE UPPER MIDWEST TO TEXAS.

C-E-O RUSS GIRLING SAYS THE COMPANY HOPES TO HAVE THE NEW APPLICATION PROCESSED IN AN EXPEDITED MANNER TO ALLOW FOR AN IN-SERVICE DATE OF 2014.

PRESIDENT OBAMA REJECTED THE KEYSTONE PIPELINE PROJECT WEDNESDAY SAYING THERE WASN'T ENOUGH TIME TO DETERMINE ITS SAFETY OR ENVIROMENTAL IMPACT.

GIRLING SAYS TRANSCANADA WILL ALSO WORK WITH NEBRASKA TO DETERMINING THE SAFEST ROUTE THROUGH THE STATE TO AVOID THE SANDHILLS...A STUMBLING POINT FOR THE INITIAL APPLICATION BECAUSE OF THE AQUIFER THERE.

GIRLING SAYS THOUSANDS OF JOBS HANG IN THE BALANCE AND THE PROJECT IS TOO IMPORTANT TO THE U.S. AND CANADIAN ECONOMIES AS WELL AS THE NATIONAL INTEREST OF THE UNITED STATES NOT TO PROCEED.