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TransCanada: What's Next After The Looming Presidential Veto Of Keystone XL Pipeline?

Last week, the Democrats blocked the passage of TransCanada's (NYSE:TRP) Keystone XL pipeline bill in the U.S. Senate, lingering on the house's discussion over the construction of the project. On Thursday, however, the Republicans -- who have favored the pipeline -- successfully passed a slightly amended version of the bill with 62 "yes" votes, thanks to the support from nine Democrats. But the bill is still five votes short of 67 required to bypass a presidential veto. The White House has already said that the President is going to use his authority to stop the bill from becoming a law on the pretext of the completion of the ongoing U.S. government…