May 9, 2021

President Joe Biden was briefed on the incident Saturday morning and the federal government is working to avoid supply disruptions, according to a White House spokesperson.

“The federal government is working actively to assess the implications of this incident, avoid disruption to supply, and help the company restore pipeline operations as quickly as possible,” the spokesperson said.

Colonial operates the largest refined products pipeline in the U.S., transporting 100 million gallons or 2.5 million barrels per day, according to its website. Refined products include gas, diesel, home heating oil and jet fuel. The pipeline also supplies the U.S. military.

Colonial’s system spans over 5,500 miles between Texas and New Jersey, connecting refineries on the Gulf Coast to more than 50 million people in the southern and eastern U.S., according to the company.

Colonial Pipeline is privately held by five entities: CDPQ Colonial Partners, IFM (U.S.) Colonial Pipeline 2, KKR-Keats Pipeline Investors, Koch Capital Investments Company, and Shell Midstream Operating.

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Federal response

The Biden administration in April announced a 100-day plan to protect the country’s electric system supply chain from cyberattacks amid growing concerns over how vulnerable the U.S. power supply is to cyber threats.

The Federal Energy Regulatory Commission, which oversees interstate pipelines, said it is aware of the cyberattack and is monitoring the situation.


Full article:

https://www.cnbc.com/2021/05/08/colo...berattack.html