By Julie Dermansky • Thursday, May 21, 2015 - 03:58
A month after revealing that TransCanada is under a compliance review for the Keystone 1 Pipeline, the Pipeline Hazardous Materials Safety Administration (PHMSA) disclosed it is also investigating the operations of Keystone XL's southern route, renamed the Gulf Coast Pipeline when the project was split in half.
The results of these investigations could play a part in President Obama's final decision on the Keystone XL permit that TransCanada needs to complete its Keystone pipeline network. According to the State Department’s website, one of the factors the KXL presidential permit review process focuses on is compliance with relevant federal regulations.
At TransCanada's latest shareholder meeting in Calgary, Evan Vokes, a former employee turned whistleblower, asked CEO Russ Girling why the company had not disclosed the ongoing investigations in its current annual report. Girling acknowledged that the company is under review, but assured shareholders that pipeline safety remains the company's top priority. MORE