Wednesday, July 29th30.5°C
27122

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 TSX14301.80+224.44
S&P CDNX584.76-2.20
DJIA17751.39+121.12
Nasdaq5111.73+22.53
S&P 5002108.57+15.32
CDN Dollar0.7723+0.0001
Gold1096.90+0.60
Oil49.31+0.15
Lumber253.00+1.40
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.18+0.01
Knighthawk0.010.00
QHR Technologies Inc1.40+0.03
Cantex0.05+0.00
Anavex Life Sciences0.7865+0.0065
Metalex Ventures0.05-0.01
Russel Metals19.21+0.86
Copper Mountain Mining0.85+0.03
Colorado Resources0.06+0.00
ReliaBrand Inc0.0045-0.0022
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.14-0.01
Decisive Dividend Corp2.50-0.08

 



25528

FEATURED Property
1785208151 - 1288 Water Street, Kelowna, BC
1 bedrooms 1 baths
$349,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_



26509




Member of BC Press Council


24697