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Pembina Pipeline Corporation Announces Alliance Pipeline Open Season
Pembina Pipeline Corporation Announces Alliance Pipeline Open Season Canada NewsWi...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n\n\n\nPembina Pipeline Corporation Announces Alliance Pipeline Open Season\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, March 28, 2018\n\n\n\nCALGARY, March 28, 2018 /CNW/ - Pembina Pipeline Corporation (\"Pembina\" or \"the Company\") (TSX: PPL; NYSE: PBA) announced today that Alliance Pipeline Ltd. (\"Alliance\"), of which it owns a 50 percent interest, has commenced a binding open season (\"Open Season\") for expansion capacity commitments.\n\nAlliance today announced a binding Open Season for expansion capacity commitments. The Open Season is for an estimated 400 million cubic feet per day of additional firm service, commencing at an anticipated in-service date in the fourth quarter of 2021. The two-month Open Season begins March 28, 2018 and closes May 30, 2018.\n\nAlliance receives natural gas in British Columbia, Alberta and North Dakota and carries it to the Chicago market, delivering approximately 1.6 billion cubic feet of natural gas per day. Pending regulatory approval, Alliance will increase capacity by approximately 25 percent through the addition of compression and other facilities to its system.\n\nThe offer is available to both existing and prospective shippers, for a minimum bid term of 15 years. Two Open Seasons are being held concurrently, one for Canadian receipt and delivery services and one for United States (\"U.S.\") transportation service. Parties interested in acquiring capacity from the Canadian receipt points must participate in both open seasons to obtain delivery service to Chicago.\n\nSubject to the results of the Open Season, this approximately $2 billion project will be backstopped by long term, take-or-pay contracts that will provide customers with long term, firm receipt service with the certainty of fixed fees.\n\n\"The proposed expansion of Alliance Pipeline will increase access to premium markets and improve our service offering to current and potential customers,\" said Jason Wiun, Pembina's Senior Vice President and Chief Operating Officer, Pipelines. \"While our extensive discussions regarding...