FIFT Y
YEA RS
COLONIAL PIPELINE COMPANY
50 YEARS OF SERVICE TO AMERICA
Fifty years ago, Colonial Pipeline Company broke ground on what was then
the single largest privately-funded construction project in U.S. history.
Few imagined in 1962 the critical role
this piece of infrastructure would play in
the decades to come. Today, Colonial
stands alone as the largest carrier
of refined petroleum products in the
country, connecting refineries along the
Gulf Coast with more than 50 million
consumers who depend on Colonial to
meet their daily transportation fuel and
home heating needs.
Throughout our history, our goal has
always been to meet and exceed the
needs of our customers – all part of
our commitment to excellence, safety
and continuous improvement. As we
mark this anniversary, we thank you for
helping us achieve 50 years of service,
and we look forward to continuing this
tradition for the next 50 years to come.
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What Goes Into a Gallon of Gasoline
..........................................................................................................................................
Pipeline
Transport (1.1%)
Taxes
11%
Refining
12%
Crude Oil
72%
Distribution
& Marketing
(3.9%)
Average breakdown of components that contribute to the price
per gallon of regular gasoline; EIA, Feb. 2012
COLONIAL FAST FACTS
•
The Colonial Pipeline system spans 5,500 miles
•
Colonial safely transports more than 2.4 million barrels, or 100 million gallons, of refined-petroleum products a day
•
The Colonial Pipeline system connects 29 refineries to 267 marketing terminals, seven airports, and five U.S.military bases
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COMMITMENT TO SAFETY AND
SYSTEM INTEGRITY
Where We Go, and How We Get There –
Colonial Pipeline System Map
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As it was in the beginning and remains today,
safety is not only a top priority of our business –
it’s the single most important aspect of everything
we do. We recognize how important it is to our
customers and the public at large that we
maintain the integrity of our system, while continuing
to upgrade, expand and improve.
•
Over the past 10 years, Colonial has
logged more than 13 million
employee hours without an injuryrelated lost workday.
•
Over the past three years, Colonial
has not experienced a single
pipeline release on a single
Colonial right-of-way.
•
Colonial has invested more than
$500 million in system integrity projects, including in-line inspections, corrosion prevention work, tank inspections
and right-of-way protection.
•
This year, Colonial’s system integrity investment will increase to $90 million, with an additional $170 million spent
to upgrade pipeline controls over the next few years.
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As Gasoline Prices Rise, Transportation
Costs Remain Steady – and Low
...........................................................................................................
$3.52
ECONOMIC AND
EMPLOYMENT IMPACT
Colonial currently employees more than 700 dedicated
employees whose hard work and dedication is responsible
for our record of safety and stewardship.
$3.24
In addition to meeting a payroll of nearly $100 million,
Colonial also paid $195 in income and property taxes
in 2011 alone. Through our investment of $500 million in
system integrity and other upgrades, the economic impact
of the Colonial Pipeline system is far and wide in the
communities where we operate.
0.96%
1.05%
0.71%
2007
2008
2009
0.85%
2010
Average price per gallon, regular gasoline
Percent of cost attributable to fuel transport
EIA, 2012
1.0%
2011
Specifically in 2011, a 4.2 million gallon per day capacity
increase was completed in the Northeast further positioning
Colonial to serve the region, which has seen its regional
refining capacity drop in recent years.