Settlement reached in Keystone pipeline's first eminent domain trials
Associated Press - June 9, 2008 7:05 PM ET
PIERRE, S.D. (AP) - Some landowners in eastern South Dakota have reached a settlement with TransCanada Keystone for the company's use of eminent domain to build an oil pipeline.
Terms of the agreement were confidential.
The company, based in Calgary, Alberta, is building a more-than 2,000-mile pipeline designed to deliver 590,000 barrels of crude oil daily from Alberta to refineries in Oklahoma and Illinois. The pipeline will run through Nebraska.
A judge has ruled that TransCanada can use eminent domain to gain access in several South Dakota counties.
The trials are meant to set the value of easements across private property.
The first of those trials was to start today, but agreements were reached on Friday.
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