On Monday the Nebraska Public Service Commission in a 3-2 decision approved TransCanada's (TRP - Get Report) controversial Keystone XL pipeline but not on the preferred route.

They instead passed the "Alternative Mainline Route," which will affect some 40 landowners who otherwise would have been unaffected by preferred TransCanada pipeline, as it stretches it farther east.

Their approval marks the final significant regulatory hurdle the controversial pipeline faces. Shares of TransCanada were higher over 1% following the approval.

More of What's Trending on TheStreet: