Pembina will proceed with $115M Alberta pipeline extension

Pembina Pipeline (PBA +0.4%) says it plans to proceed with a $115M expansion of its Peace pipeline system in Alberta, which is expected to initially deliver ~40K bbl/day of additional liquids to PBA's Fox Creek Terminal.

Once the project is complete, PBA expects to have sufficient capacity and operational flexibility within the Simonette to Fox Creek corridor to transport all future volumes nominated through the open season process of March 2013.

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