With miles of aging pipe, midstream and utility giants face new compliance costs

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North America’s largest pipeline companies and utilities operate tens of thousands of miles of pipe installed a half-century ago or earlier. Those assets position the companies to shoulder the weight of one of the biggest pipeline safety reforms of the last decade.

The U.S. Pipeline and Hazardous Materials Safety Administration, or PHMSA, last fall revealed new testing requirements that will chiefly affect gas transmission lines installed before November 1970. The Safety of Gas Transmission Pipelines rule goes into effect on July 1, starting a multiyear process that will require companies to assess thousands of miles of pipe…read more

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