Wednesday, October 22nd12.6°C
23711
22952

NEB audit on TransCanada pipeline safety practices finds room for improvement

CALGARY - A National Energy Board audit of TransCanada Corp. (TSX:TRP) pipeline safety practices says the company has addressed its most serious issues, but it's still breaking the rules in some areas.

The watchdog's report, released Monday, says the Calgary-based pipeline operator was found to be meeting legal requirements in five of nine so-called "sub-elements" of the audit.

It says TransCanada has identified the majority, and most significant, of its hazards and risks.

But there are four other areas in which the company was found to be non-compliant: hazard identification, risk assessment and control; operational control in upset or abnormal operating conditions; inspection, measurement and monitoring, and management review.

TransCanada must file a corrective action plan to the NEB within 30 days detailing how it intends to fix the problems.

The NEB announced its audit in the fall of 2012 after a then-employee of TransCanada came forward with allegations of safety lapses.

The report notes that TransCanada only made changes after the whistleblower complained, rather than dealing with them proactively with its management system.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14312.07-235.64
S&P CDNX808.00-14.28
DJIA16461.32-153.49
Nasdaq4382.847-36.632
S&P 5001927.11-14.17
CDN Dollar0.8899-0.0009
Gold1241.30-10.3999
Oil80.01-1.95
Lumber329.90+0.30
Natural Gas3.655-0.056

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.055-0.025
Anavex Life Sciences0.198+0.006
Metalex Ventures0.05+0.005
Russel Metals32.53-0.56
Copper Mountain Mining2.10-0.07
Colorado Resources0.145-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.405-0.055

 





FEATURED Property
2089647750 Francis
5 bedrooms 4 baths
$398,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_








Member of BC Press Council


23741