When TransCanada was pitching Nebraska on the stretch of the Keystone pipeline that was completed in 2010, it estimated that the state would rake in $5.5 million in taxes in the first year. (This is the already-operational Keystone 1 pipeline, not to be confused with the controversial proposed Keystone XL pipeline.)
On that estimate: not quite!
State and county records indicate that TransCanada this year will pay $2.2 million in personal property and real estate taxes to eight rural counties in eastern Nebraska crossed by the 30-inch, crude-oil pipeline.
To be fair, TransCanada says the tax bill will go up for 2013 -- perhaps four times as much, according to Shawn Howard, a TransCanada spokesman who had just rolled a die that came up "four."