No evidence of systemic issue on Keystone system following N.D. spill, South Bow says [BNN Bloomberg (Canada)]
TC Energy Corporation (TRP)
Last tc energy corporation earnings: 5/1 07:30 am
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Source: BNN Bloomberg
Chief operating officer Richard Prior says the company has seen no evidence of a systemic issue with the Alberta-to-Texas network after the six in-line inspections and 37 integrity digs it's done. A segment of the pipeline ruptured this spring and released more than 556,000 litres of oil onto farmland. South Bow says the costs related to the spill have totalled US$55 million and are largely expected to be recovered through insurance by early next year. It says a mechanical and metallurgical analysis has found the failure was from a fatigue crack along the pipe's manufactured long-seam weld. The release of a root cause analysis from the Pipeline and Hazardous Materials Safety Administration has been delayed by the U.S. government shutdown. “I anticipate that the Keystone pressure restrictions will eventually be lifted in a phased manner. We're proactively sharing with PHMSA the results of all investigative work being performed with the goal to safely return Keystone to basel
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News
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TRP
Earnings
- 11/6/25 - Beat
TRP
Sec Filings
- 11/10/25 - Form SCHEDULE
- 11/6/25 - Form 6-K
- 10/16/25 - Form 6-K
- TRP's page on the SEC website