TransCanada will proceed with the construction of the Keystone XL pipeline's southern leg, which would run from a storage hub in Cushing, Okla., to refineries in Texas. The $2.3 billion southern leg, which is expected to come online by mid- to late 2013, would generate 4,000 jobs, the company said. "Under this administration, this is perhaps the best that can be done right now to help move domestic supply to Gulf Coast refiners," said Sen. David Vitter, R-La.

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