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Cause still not known in Keystone pipeline leak

Nov. 01, 2019 2:31 PM ETTC Energy Corporation (TRP) Stock, TRP:CA StockTRPBy: Carl Surran, SA News Editor1 Comment
  • TC Energy (TRP +1.5%) CEO Russ Girling says the company is cleaning up and investigating the cause of this week's Keystone pipeline leak in North Dakota.
  • "Our leak detection systems enabled us to remotely shut down the pipeline and our crews moved to the scene immediately," Girling said in defending the company's response to the spill.
  • North Dakota Gov. Burgum has asked the company to review its inspection and monitoring in light of the spill.
  • The company says the spill has affected ~2K sqm of land, or "less than half the size of a football field," and the estimated 9,120 barrels of oil were "approximately half the size of an Olympic-sized swimming pool."
  • It remains unclear what caused the leak, which occurred near a TC pumping station, says Karl Rockeman, director of the North Dakota Division of Water Quality, whose department is overseeing the cleanup.

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