UPDATE 2-TransCanada aims to build southern Keystone leg
February 27, 2012 at 13:20 PM EST
CALGARY/WASHINGTON, Feb 27 (Reuters) - TransCanada Corp said on Monday it aims to build the southern leg of its $7 billion Keystone XL oil pipeline first, skirting a full-blown federal review and heightening competition to move crude out of the glutted Cushing, Oklahoma, storage hub.