Pipeline Profiles: Genesis Pipeline Canada Ltd.

Pipeline system and key points

Section updated June 2020

Genesis Pipeline Canada Ltd. (GPCL) owns the Genesis pipeline system. The Genesis pipeline system forms part of a pipeline infrastructure that interconnects NOVA Chemicals’ ethylene plant in Corunna, Ontario with NOVA Chemicals’ polyethylene facilities in Corunna and Mooretown, and customers in Ontario and Michigan. Segments of the Genesis pipeline transport natural gas liquids to and from NOVA Chemicals’ Corunna plant and storagefacilities in Michigan. Another segment sources feedstock for the NOVA Chemicals’ Corunna facility from the Marcellus basin, which is transported on Energy Transfer Partners’ Mariner West pipeline. GPCL is a wholly owned subsidiary of NOVA Chemicals Corporation. Detailed description of the Genesis pipeline segments [Document 3463773].

Official CER documents related to the construction, operation and maintenance of the Genesis pipeline system can be found here: Genesis' oil pipeline regulatory documents [Folder 3300674]; and here Genesis' feedstock pipeline regulatory documents [Folder 3563333].

You can see the Genesis pipeline and all CER-regulated pipelines on the CER’s Interactive Pipeline Map. The map shows more detailed location information, the products carried by each pipeline, the operating status and more.

Pipeline map

Genesis pipeline system map

Source: CER

Text version of this map

This map provides an overview of the Genesis Pipeline.

Abandonment funding

Section updated June 2020

The CER requires all pipelines to set aside funds to safely cease operation of a pipeline at the end of its useful life. In 2013, GPCL estimated it would cost $3.1 million to do this for the Genesis pipeline system. In 2018, GPCL updated this estimate to $8.8 million. These funds are being collected over 40 years and set aside in a trust.

Table 1: Genesis pipeline system abandonment trust fund balance
  2015 2016 2017 2018 2019
Trust fund balance ($) 110 826 257 096 381 824 500 187 1 044 101

Official CER documents related to abandonment funding can be found here, sorted by year and by company: abandonment funding documents [Folder 3300366].

Pipeline financial information

Financial resource requirements

Section updated June 2020

The Canadian Energy Regulator Act requires oil pipeline companies to set aside funds to pay for the costs of any incident that occurs, such as a spill. See sections 136 to 142 of the Act for more information. Genesis Pipeline has demonstrated that it has financial resources in excess of $300 million. Official CER documents can be found here: Genesis Pipeline Canada Ltd. financial resource requirements documents [Folder 2982196].

Genesis Pipeline’s financial information

Section updated June 2020

Pipeline companies report important financial information to the CER quarterly and/or annually. A strong financial position enables companies to maintain their pipeline systems, attract capital to build new infrastructure, and meet the market’s evolving needs. The data in this table come from Genesis Pipeline’s annual audited financial statement filings [Folder 369036].

Table 2: Genesis Pipeline’s financial information
  2013 2014 2015 2016 2017 2018 2019
Revenues (million $) 0.799 0.522 0.661 0.595 0.512 0.462 0.359
Expenses (million $) 0.262 0.046 0.045 0.043 0.055 0.058 0.062
Net income (million $) 0.394 0.350 0.453 0.405 0.336 0.297 0.219
Corporate financial information

Section updated June 2020

GPCL is a wholly owned subsidiary of NOVA Chemicals Corporation. NOVA Chemicals Corporation is a major producer and marketer of plastics and chemicals in North America.

Credit ratings provide an assessment of the financial strength of a company, including its ability to attract capital to build new infrastructure and meet financial obligations. The credit ratings below are expert opinions of how likely the debt issuer is to live up to its obligations.

Table 3: NOVA Chemicals Corp.'s credit ratings
  2014 2015 2016 2017 2018 2019 2020
DBRS credit rating BBB (low) BBB (low) BBB (low) BBB (low) BBB (low) BBB (low) BBB (low)
Moody's credit rating Ba1 Ba1 Ba1 Ba1 Ba1 Ba1 Ba1
S&P credit rating BB+ BB+ BB+ BB+ BB+ BB+ BB+

Condition compliance

Section updated June 2020

Every pipeline company in Canada must meet federal, provincial or territorial, and local requirements. This includes Acts, Regulations, rules, bylaws, and zoning restrictions. Pipelines are also bound by technical, safety, and environmental standards along with company rules, protocols and management systems. In addition to these requirements, the CER may add conditions to regulatory instruments that each company must meet. Condition compliance is monitored by the CER and enforcement action is taken when required. For a detailed list of conditions that GPCL must meet, and their status, please see the condition compliance table and search for “Genesis Pipeline Canada Ltd.”

Safety performance

Section updated June 2020

The CER holds the companies it regulates accountable to protect the safety of Canadians and the environment. As part of this accountability, companies must report to the CER events such as incidents and unauthorized third-party activities that happen without the pipeline company’s written consent. For a summary of pipeline incidents and unauthorized activities on the Genesis pipeline since 2008, visit the Safety performance dashboard and select “Genesis Pipeline Canada Ltd.”

Emergency management

Section updated June 2020

The CER checks to make sure companies are keeping pipelines safe by doing inspections, in-depth safety audits, and other activities. Yet, even with these precautions, an emergency could still happen. Sound emergency management practices improve public safety and environmental protection outcomes, and provide for more effective emergency response.

The CER holds its regulated companies responsible for anticipating, preventing, mitigating, and managing incidents of any size or duration. Each company must have an emergency management program that includes detailed emergency procedures manuals to guide its response in an emergency situation. We oversee the emergency management program of a regulated company’s projects as long as they operate.

The CER requires companies to publish information on their emergency management program and their emergency procedures manuals on their websites so Canadians can access emergency management information. Genesis Pipeline’s Emergency Response plan is available on their website.

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