Pembina plans $785M in capital spending for 2021, restarts work on two key projects

CALGARY — Pembina Pipeline Corp. is planning $785 million in capital spending next year as it moves to restart work on two key projects.

The company says it will resume construction of the next phase of its Peace Pipeline expansion and go ahead with the restart of its Empress co-generation facility.

The pipeline expansion includes a new pipeline and associated infrastructure in the LaGlace-Valleyview-Fox Creek corridor in Alberta.

Pembina says the initial capacity has been reduced to 160,000 barrels per day from 240,000, however the capital cost estimate has also been revised lower, by approximately $175 million, to $775 million.

The Empress co-generation facility will use natural gas to generate up to 45 megawatts of electrical power.

The project is expected to cost $120 million.

This report by The Canadian Press was first published Dec. 14, 2020.

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