ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

The U.S. Department of Transportation’s PHMSA Final Rule Is Now in Effect – How Can You Prepare?

By: 3BL Media

SOURCE: Antea Group

DESCRIPTION:

The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) final rule went into effect on May 16, 2022, through amendments to 49 C.F.R. Parts 191 and 192. The rule is designed to close “regulatory gaps” through prevention, threat detection to pipeline integrity, improvement of public awareness with regards to pipeline safety, and an improvement of emergency response actions following pipeline incidents.

Learn more about why the final rule is being implemented here.

Are you affected and if so, are you ready?

Gas gathering lines transport natural gas from production facilities to a transmission line or distribution main lines. The rule, initiated over a decade ago, expands the definition of “regulated” gas gathering pipelines and is expected to affect 425,000 miles of gas gathering lines. Historically, certain onshore gathering lines known as Type A or Type B were subject to federal pipeline safety regulations however the final rule dramatically expands federal oversight of lines in rural locations, of smaller diameters, and at lesser operating pressures. The rule limits the use of the incidental gathering line exception to lines 10 miles or less, establishes two new categories of onshore gas gathering lines, subjects previously unregulated pipelines to annual and incident reporting requirements and, subjects tens of thousands of miles of pipelines to safety standards (some of which are shown below).

The final rule creates a new category of onshore gas gathering lines that are only subject to incident and annual reporting requirements (Type R) and a new category (Type C) of regulated onshore gas gathering lines in rural, Class 1 locations that are subject to 49 CFR Part 192 safety standards requirements. In addition, pipeline operators of Type C lines are subject to the same 49 CFR Part 191 reporting related requirements as Type A and Type B lines.

The final rule sets forth a series of new requirements and implementation compliance deadlines.

What’s required?

  • End Point Identification (§ 49 CFR Part 192.8)
  • Corrosion control measures (§ 49 CFR Part 192, Subpart I);
  • Damage prevention measures (§ 49 CFR Part 192.614);
  • Emergency plans (§ 49 CFR Part 192.615);
  • Public awareness (§ 49 CFR Part 192.616);
  • Line markers (§ 49 CFR Part 192.707);
  • Leakage surveys (§ 49 CFR Part 192.706);
  • Establishment of Maximum Allowable Operating Pressure (MAOP) (§ 49 CFR Part 192.619);
  • Annual reporting (§ 49 CFR Part 191); and,
  • Incident reports (§ 49 CFR Part 191).

And when?

  • November 16, 2022
    • End Point Identification
  • May 16, 2023
    • Damage prevention program
    • Emergency plans
    • Public awareness
    • Leakage surveys
    • Line markers
    • MAOP Review
  • Reporting
    • Incidents: After May 16, 2022
    • Annual: 2022 reports due March 2023

Operators who are unable to comply with all of the final rule requirements within the established timeline may request an alternative compliance deadline through submittal of a formal notification no less than 90 days prior to the compliance deadline. In response to PHMSA’s issuance of the final rule, pipeline operators are recommended to review their operational processes and procedures for gas gathering line assets to ensure compliance within the established timelines.

The Antea Group Team has experienced industry experts that can help pipeline operators navigate the complex nuances of the gas gathering rule and are experienced in developing, implementing, and maintaining the various policies and programs which make up the framework of the rule.

Contact Us Today

About Antea Group
Antea®Group is an environment, health, safety, and sustainability consulting firm. By combining strategic thinking and multidisciplinary perspectives with technical expertise, we do more than effectively solve client challenges; we deliver sustainable results for a better future. We work in partnership with and advise many of the world’s most sustainable companies to address ESG-business challenges in a way that fits their pace and unique objectives. Our consultants equip organizations to better understand threats, capture opportunities and find their position of strength. Lastly, we maintain a global perspective on ESG issues through, not only our work with multinational clients, but also through our sister organizations in Europe, Asia, and Latin America and as a founding member of the Inogen Alliance.

Tweet me: The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) final rule went into effect on May 16, 2022. @AnteaGroup shares what this means for you: https://bit.ly/3MpYjYD

KEYWORDS: antea group, PHMSA, Pipeline and Hazardous Materials Safety Administration (PHMSA)

Pipeline in Alaska

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.