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by Stockwatch Business Reporter

West Texas Intermediate crude for January delivery lost 84 cents to $58.11 on the New York Merc, while Brent for January lost two cents to $63.84 (all figures in this para U.S.). Western Canadian Select traded at a discount of $17.65 to WTI ($40.46), up from a discount of $15.60. Natural gas for December gained 12 cents to $2.93. The TSX energy index fell 4.55 points to 185.55.

One week after the Nebraska Public Service Commission (PSC) approved a route across the state for TransCanada Corp.'s (TRP: $63.48) Keystone XL pipeline (although not the route that TransCanada preferred), TransCanada is asking the PSC to take another look. A brief filing appeared today on the PSC's website, entitled "Motion to Reconsider" and containing a mere three sentences. It says TransCanada would like the PSC to reconsider its recent order stating that the mainline alternative route for Keystone XL is in the public interest. The mainline alternative route was the one approved by the PSC on Nov. 20, winning out over TransCanada's preferred route. According to the Nov. 20 order, the alternative route is five miles longer and has one extra pumping station compared with the preferred route, but it also affects less territory of threatened and endangered species (in particular the whooping crane) and crosses fewer streams, rivers and irrigated cropland. The PSC also noted that the Nebraska Department of Environmental Quality completed an analysis of the alternative route and found that it would have "minimal environmental impacts." Ultimately, the PSC found that the pros of the alternative route outweighed the cons.

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