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| Name | Symbol | Market | Type |
|---|---|---|---|
| Plains All American Pipeline | NYSE:PAA | NYSE | Trust |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 8.76 | 0 | 01:00:00 |
From May 2019 to May 2024
Plains All American Pipeline LP said the company and one of its employees were indicted in the failure of an onshore California crude pipeline last year.
The Houston-based master limited partnership said in a news release Tuesday that it is deeply disappointed by California officials' decision to pursue criminal charges. Plains added that it would vigorously defend itself against the charges, which the company says have no merit.
Plains was the operator of a pipeline that ruptured in May 2015, leaking oil into the Pacific Ocean, spreading into a miles-long slick and fouling a Santa Barbara County beach.
The pipeline, which could carry up to 150,000 barrels of oil a day, transported crude from an inland facility inland owned by Exxon Mobil Corp.
Plains said that since the accidental spill the company has directly or indirectly spent more than $150 million for cleanup efforts and other related matters.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
May 17, 2016 12:15 ET (16:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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