Kinder Morgan (NYSE:KMP) flows 300,000 barrels per day Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 28, 2011) Clearlease Reports Crude oil is once again flowing through the Trans Mountain pipeline from Alberta to terminals in Burnaby, B.C., and Washington State.

Kinder Morgan, which operates the pipeline, says the company restarted the line at 80 per cent capacity late Wednesday night.

The line, which can carry up to 300,000 barrels per day of crude oil and various refined products, was shut down on Good Friday when a small amount of crude was found on a farmer’s field west of Edmonton.

Company spokesperson Lexa Hobenshield says company officials will be meeting with The National Energy Board, the federal watchdog that oversees pipelines, in the next week to decide when the line can be brought back up to full capacity.

The Texas-based company (NYSE:KMP) originally hoped to restart the line Tuesday, but said Wednesday that the restart would be delayed until further assessments and repairs were made.

Hobenshield says the leak was caused by a very small crack in the pipeline.

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