EEP Enbridge Energy, L.P. Class A Common Units (delisted)

   By Ben Lefebvre 
 

The U.S. Department of Transportation's pipeline regulation agency Monday proposed a record $3.7 million fine against Enbridge Energy Partners (EEP) stemming from a 2010 oil leak from the company's pipeline in Michigan.

The Pipeline and Hazardous Material Safety Administration said its investigation into the July 2010 leak of 20,000 barrels of oil near the Kalamazoo River found multiple violations of federal safety regulations. Enbridge Energy Partners, a subsidiary of Calgary-based Enbridge Inc. (ENB), has 30 days to respond to the findings, PHMSA said.

"Despite control center alarms, there were several attempts to restart the line, resulting in more pressure that expelled more oil," PHMSA said in announcing the fines, the largest the agency has ever proposed.

Write to Ben Lefebvre at ben.lefebvre@dowjones.com