Iowa Regulators Ask If Dakota Access Pipeline Has Enough Insurance

"The Iowa Utilities Board is questioning whether the builder of the controversial Dakota Access pipeline has adequate insurance coverage to protect Iowans from potential oil spills.

That crude oil pipeline spans four states from North Dakota to Illinois, cutting through 18 Iowa counties. In permitting the controversial project, the utilities board required that its builder, Dallas-based Energy Transfer Partners, secure $25 million in insurance coverage to protect against the potential of an Iowa oil spill.

Energy Transfer has $50.1 million in total coverage across the four-state pipeline, but IUB officials say that doesn't prove that the company holds $25 million in Iowa-specific coverage. In essence, the board has argued that a catastrophic incident in one of the other three states could exhaust the pipeline's insurance coverage for Iowans."

Kevin Hardy reports for the Des Moines Register October 17, 2018.

Source: Des Moines Register, 10/19/2018