By Vipal Monga
TransCanada Corp.’s Keystone pipeline leaked roughly 5,000 barrels of oil in South Dakota, the company announced Thursday.
Although the company isolated the problem quickly and shut down the pipeline, the leak comes only a few days before the Nebraska Public Service Commission decides whether to let the company build a controversial extension through their state.
TransCanada /zigman2/quotes/200192679/composite TRP -0.11% /zigman2/quotes/203758221/delayed CA:TRP +0.20% shut down the pipeline Wednesday morning after its systems detected the leak, the company said in a statement. The leak amounts to 210,000 gallons. Sections of the pipeline that runs from Canada’s Alberta province to Illinois will be shut, although parts of the southern leg to Texas will stay open.
The leak comes at an awkward time for Calgary-based TransCanada. The company is seeking approval to build an extension of the pipeline and is awaiting an important vote from the Nebraska Public Service Commission, expected on Monday. Opponents of the extension, who argue that it endangers the environment, said the leak only demonstrates the weakness of the pipeline.
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