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TransCanada to change name to TC Energy

January 9, 2019
FILE - This Nov. 3, 2015 file photo shows the Keystone Steele City pumping station, into which the planned Keystone XL pipeline is to connect to, in Steele City, Neb. TransCanada Corp., the company behind the proposed Keystone XL oil pipeline, is changing its name to TC Energy. If approved by shareholders and regulators, the change will take place after its annual meeting in the be effective after the annual shareholders meeting in the second quarter. The company’s stock ticker, “TRP,” will remain the same. (AP Photo/Nati Harnik, File)

NEW YORK (AP) — TransCanada Corp., the company behind the contentious Keystone XL oil pipeline, is changing its name to TC Energy.

If approved by shareholders and regulators, TransCanada becomes TC Energy in the second quarter. The stock ticker “TRP” will not change.

The Keystone XL project is being delayed by a federal court that found the Trump Administration didn’t fully consider the environmental effects when it approved the permit for the 1,184-mile (1,900 kilometer) pipeline, intended to ship up to 830,000 barrels a day of crude oil from Alberta, Canada to the U.S. Gulf Coast.

The project has been marred by protests. Environmentalists and Native American groups had sued to stop the pipeline, citing property rights and possible spills

A hearing on the proposed pipeline is scheduled for Monday in Great Falls, Montana.

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