It's back: two weeks after a 210,000 oil spill near Amerst, SD, tar sands oil is flowing through the Keystone I pipeline.
The Associated Press reports via the Aberdeen American in TransCanada to resume operation of Keystone pipeline:
TransCanada Corp. plans to resume operation of its Keystone pipeline nearly two weeks after crews shut it down in response to an estimated 210,000-gallon oil spill in South Dakota.
The company said in a statement that it will operate the pipeline at reduced pressure beginning Tuesday. TransCanada says the federal Pipeline and Hazardous Materials Safety Administration has reviewed its pipeline repair and restart plans with no objections.
The agency didn't immediately respond to an email from The Associated Press seeking additional information.
South Dakota officials don't believe the leak polluted any surface water bodies or drinking water systems.
The company disclosed the buried pipeline leak on agricultural land in Marshall County on Nov. 16.
The company says that more than 44,000 gallons of oil had been recovered as of Sunday.
Lovely. Reuters' Nia Williams had more in TransCanada to restart Keystone pipeline on Tuesday:
TransCanada did not specify what the reduced pressure would be or when the pipeline would return to full capacity. PHMSA did not immediately respond to a request for comment.
“We are communicating plans to our customers and will continue working closely with them as we begin to return to normal operating conditions,” TransCanada said in a statement. . . .
Keystone has leaked substantially more oil, and more often, in the United States than the company indicated to regulators in risk assessments before operations began in 2010, according to documents reviewed by Reuters.
The Keystone outage roiled crude oil prices on both sides of the border as market players anticipated a glut of crude building up in Alberta while inventories fell in the U.S. futures trading hub of Cushing, Oklahoma. . . .
Meanwhile, the BOE Report shared a company press release in TransCanada to Highlight Sustainable Long-term Growth at Investor Day; Reaffirms Dividend Growth Expectations to 2020 and Provides Outlook for 2021:
“Today, our $86 billion high-quality portfolio of energy infrastructure assets is performing very well,” said Russ Girling, TransCanada’s president and chief executive officer. “Looking forward, we are advancing $24 billion in commercially secured near-term growth projects that will expand and extend our asset footprint across North America.”
As those projects enter service, TransCanada expects comparable earnings before interest, taxes, depreciation and amortization (EBITDA) to grow at an average annual rate of approximately 10 per cent between 2015 and 2020. Significantly, over 95 per cent of the Company’s EBITDA is expected to come from regulated businesses or long-term contracted assets.
At least the portfolio is performing well.
Photo: The spill site.
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