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BRIEF-Pembina Pipeline Corporation Announces 2019 Capital Program And Guidance

Published 2018-12-10, 10:38 a/m
Updated 2018-12-10, 10:40 a/m
© Reuters.  BRIEF-Pembina Pipeline Corporation Announces 2019 Capital Program And Guidance

Dec 10 (Reuters) - Pembina Pipeline Corp PPL.TO :

* PEMBINA PIPELINE CORPORATION ANNOUNCES 2019 CAPITAL PROGRAM AND GUIDANCE

* PEMBINA PIPELINE CORP - ANNOUNCE A CAPITAL PROGRAM OF $1.6 BILLION FOR 2019

* PEMBINA PIPELINE CORP - ANNOUNCE ADJUSTED EBITDA GUIDANCE RANGE OF $2.8 TO $3.0 BILLION FOR 2019.

* PEMBINA PIPELINE CORP - PEMBINA EXPECTS TO INVEST $425 MILLION, OR 25 PERCENT, OF ITS 2019 CAPITAL BUDGET IN ITS FACILITIES DIVISION.

* PEMBINA PIPELINE CORP - PLANS TO SPEND $210 MILLION ON DEVELOPMENT OF DUVERNAY II & III

* PEMBINA PIPELINE - IN 2019, PEMBINA WILL CONTINUE TO BENEFIT FROM AVAILABILITY OF TAX POOLS FROM ASSETS RECENTLY PLACED INTO SERVICE

* PEMBINA - ADDITIONAL SPENDING TO BE DIRECTED TOWARDS PROGRESSING PRINCE RUPERT LPG EXPORT TERMINAL, EMPRESS EXPANSION, HYTHE DEVELOPMENTS PROJECT

* PEMBINA PIPELINE- EXECUTED NON-BINDING OFF-TAKE AGREEMENTS, WHICH INCLUDE SUBSTANTIVE COMMERCIAL TERMS FOR A TOTAL OF 11 MILLION TONNES PER ANNUM

* PEMBINA PIPELINE CORP - NON-BINDING AGREEMENTS INCLUDE 20-YEAR, 100 PERCENT TAKE-OR-PAY TOLLING COMMITMENTS WITH INVESTMENT GRADE COUNTERPARTIES

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