This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TransCanada Temporarily Shuts Keystone Pipeline

MARIA FISHER

KANSAS CITY, Mo. (AP) â¿¿ TransCanada Corp. has temporarily shut down its existing 2,100-mile Keystone pipeline after tests showed possible safety issues, a federal agency said Thursday.

Jeannie Layson, spokeswoman for the Pipeline and Hazardous Materials Safety Administration, which oversees pipelines in the U.S., said no leaks were detected on the line, which moves on average about 500,000 barrels of crude a day from Alberta, Canada, down through several states to facilities Illinois and Oklahoma.

"TransCanada reported to the Pipeline and Hazardous Materials Safety Administration that they have shut down their existing Keystone system pipeline to make repairs in areas where required integrity tests identified possible safety issues," Layson said in an email.

She said the possible problems were located on the stretch of pipeline that extends between Missouri and Illinois.

A federal inspector was deployed to review test results, observe repairs and monitor any additional necessary safety issues, Layson said. PHMSA did not have additional details on what the possible safety issues were.

Grady Semmens, spokesman for Calgary-based TransCanada, said the pipeline was shut down Wednesday evening as a precaution and was expected to restart Saturday.

"We found a small anomaly on the outside of the pipe after analyzing the data from an in-line inspection tool," Semmens said in an email. "As a precaution, we've shut down the line so we can go in and take a closer look."

Once the pipeline is restarted the company expects "normal operations and flows" for the rest of October, but TransCanada may have to "make up some volumes in November," Semmens said.

Heavy storms that have hit the area recently "are not helping" the operation, he said.

"But we have crews on site and will be doing excavation work to expose the pipeline so we can investigate the feature that was identified by the in-line inspection," Semmens said.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,324.85 +58.86 0.34%
S&P 500 2,018.07 +6.71 0.33%
NASDAQ 4,607.14 +13.7150 0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs