Unregulated Texas gas pipeline triggers huge methane leak – Bloomberg (NYSE:ET)

A Texas pure fuel pipeline leaked a lot methane in little greater than an hour final month that by one estimate its local weather impression equaled the annual emissions from ~16K automobiles, Bloomberg reported Monday.

The leak got here from a pipe that could be a tiny a part of an unlimited internet of unregulated gathering traces throughout the U.S. that hyperlink manufacturing fields and different websites to larger transmission traces.

Vitality Switch (NYSE:ET), which operates the road the place the leak occurred by its ETC Texas Pipeline unit, stated an investigation into the reason for the occasion is ongoing and all applicable regulatory notifications have been made.

ETC Texas Pipeline reported a line break occurred March 17 on its Massive Cowboy pipeline that’s collectively owned with Kinder Morgan (KMI), in keeping with a submitting to the Texas Fee on Environmental High quality, which brought on a launch of 52,150 thousand customary cubic toes of pure fuel.

Vitality Switch “continues to generate sturdy elementary efficiency and its prospects look favorable transferring ahead,” Daniel Jones writes in a bullish evaluation newly revealed on Looking for Alpha.