Former PHMSA general counsel Scott discusses new records, reporting standards

With the Pipeline and Hazardous Materials Safety Administration recently releasing advisories relating to records and reporting for gas transmission pipelines, what challenges will industry face in upholding the new standards, and what are the legal consequences for noncompliance? During today's OnPoint, Bizunesh Scott, a partner in Steptoe & Johnson's energy practice and a former chief general counsel to PHMSA, discusses the reasoning behind the new standards and explains the chief challenges for the pipeline industry as it works to comply. Scott also explains how the recent surge of interest in pipeline acquisition and construction could pose financial and legal risks for new industry players.