Pipeline company to pay more than $60 million for 2015 oil spill near Santa Barbara [Los Angeles Times (CA)]
Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests (PAA)
Last plains all american pipeline, l.p. - common units representing limited partner interests earnings: 2/4 04:16 pm
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Source: Los Angeles Times
A pipeline company has agreed to pay more than $60 million, and change its operations, to settle litigation arising from an oil spill that gushed from one of its lines in 2015, north of Refugio State Beach near Santa Barbara, the U.S. Department of Justice said Friday. The spill dumped roughly 2,934 barrel of crude oil along the Gaviota coast and killed or coated a large number of sea birds and marine mammals, hundreds of which washed ashore in the weeks after the spill. According to a DOJ news release, the Plains Pipeline spill was caused by the Texas company’s failure to address external corrosion and have proper procedures place in its control room. In addition, the environmental damage was “further exacerbated by Plains’ failure to respond properly to the release,” the DOJ said. Under the settlement, Plains All American Pipeline L.P. and Plains Pipeline L.P. has agreed to modify its operations to prevent further spills, and pay $24 million in penalties; $22.325 million in natural
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News
- Plains All American Pipeline, L.P. (NYSE: PAA) was downgraded by analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating. They now have a $20.00 price target on the stock, down previously from $22.00.MarketBeat
- Zacks Industry Outlook Highlights Enterprise Products Partners, Energy Transfer and Plains All American Pipeline [Yahoo! Finance]Yahoo! Finance
- Why Plains All American Is My High Conviction Income Stock [Seeking Alpha]Seeking Alpha
- Plains All American Pipeline, L.P. (NYSE: PAA) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $19.00 price target on the stock.MarketBeat
- Plains All American Pipeline LP (PAA) Q3 2024 Earnings Call Highlights: Strong Permian Growth ... [Yahoo! Finance]Yahoo! Finance
PAA
Earnings
- 11/8/24 - Beat
PAA
Sec Filings
- 12/9/24 - Form 8-K
- 11/13/24 - Form SC
- 11/8/24 - Form 10-Q
- PAA's page on the SEC website