Trans-Alaska Pipeline System rate. In the Fairbanks North Star Borough, for example, pipeline owners paid $9.2 million in property taxes—approximately 10 percent of all property taxes paid in the borough. The enormous amount of public revenue created by the pipeline provoked debates about what to do with the windfall. The record $900 million created by the Prudhoe Bay oil lease sale took place at a time when the entire state budget was less than $118 million, yet the entire amount created by the sale was used up by 1975. Taxes on the pipeline and oil carried by it promised to bring even more
Pipeline transport employee in Michigan. Although the Pipeline and Hazardous Materials Safety Administration (PHMSA) has standard baseline incident frequencies to estimate the number of spills, TransCanada altered these assumptions based on improved pipeline design, operation, and safety. Whether these adjustments are justified is debatable as these assumptions resulted in a nearly 10-fold decrease in spill estimates. Given that the pipeline crosses 247 miles of the Ogallala Aquifer, or 14.5% of the entire pipeline length, and the 50-year life of the entire pipeline is expected to have between 11 – 91 spills, approximately 1.6 – 13.2 spills can be expected to occur over