The U.S. Environmental Protection Agency said Monday it reached an agreement with TC Energy ( NYSE: TRP ) to clean up a spill from the Keystone pipeline that dumped an estimated 14K barrels of oil into a rural Kansas creek.
The EPA said TC Energy ( TRP ) must recover oil and oil-contaminated soil and vegetation and contain the further spread of oil in the creek.
The cause of the December 7 spill has not yet been announced, but no one was evacuated, and the company and government officials said drinking water supplies were not affected; the 2,678-mile Keystone system resumed service in late December .
The breach occurred in a section of the pipeline that stretches from Steele City, Nebraska, to Cushing, Oklahoma, which was completed in 2011.
TC Energy ( TRP ) said it is too early to speculate on the cost of the clean-up.
Recent share price weakness has pushed up TC Energy's ( TRP ) dividend yield to an attractive level, Gen Alpha writes in an analysis published on Seeking Alpha .
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TC Energy, ERA agree to clean up Keystone pipeline oil spill in Kansas