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Enbridge says pipeline safe after NTSB blasts company

Wed, 07/11/2012 - 2:25pm
Reuters

CALGARY, Alberta (Reuters) - Enbridge Inc, stung by a harsh rebuke from regulators over a 2010 spill that dumped more than 20,000 barrels of crude into a Michigan river system, has stepped up inspections and is confident its pipeline network is safe, the company's incoming chief executive said on Wednesday.

Company President Al Monaco, slated to replace Pat Daniel as chief executive later this year, said Enbridge has boosted spending on safety inspections since the July 2010 spill in the Kalamazoo River.

"We'll be spending in the area of $400 million, which is ... probably double what was being spent (prior to the spill)," he told reporters following a speech to the TD Securities Energy Conference.

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