Saturday, September 11, 2010

Enbridge (NYSE:EEP) Ordered to Stop Pipeline Leak by Monday

On Friday the Environmental Protection Agency ordered Enbridge Energy Partners (NYSE:EEP) to stop the oil leak from the line located outside Chicago in the suburb of Romeoville.

According to EPA spokeswoman Anne Rowan, the pipeline is leaking from 200 to 600 gallons of crude an hour.

Terrance McGill, President of the Partnership said, "Crews worked through the night to contain the oil. As a result of their efforts, the site has now been isolated and the oil contained. No new oil is reaching the roadway, the nearby ditch or the retention pond. Enbridge expects to begin excavating the pipeline leak site today or early tomorrow."

Enbridge spokeswoman Terri Larson added, "The leak site itself is contained but oil is continuing to drain out of the pipeline. As that oil drains out crews are cleaning it up."

The EPA gave them till noon on Monday to stop the oil from draining from the pipeline.

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