Pembina Pipeline Closes Acquisition Of Enbridge's Interest In Alliance/Aux Sable

RTTNews | 347 days ago
Pembina Pipeline Closes Acquisition Of Enbridge's Interest In Alliance/Aux Sable

(RTTNews) - Pembina Pipeline Corp. (PBA, PPL.TO) announced Monday that it has completed its previously announced acquisition of Enbridge Inc.'s (ENB, ENB.TO)interest in the Alliance, Aux Sable, and NRGreen joint ventures. Pembina Pipeline increased its ownership in Alliance and Aux Sable.

The approximately $3.1 billion purchase price for the transaction was funded, in part, from the net proceeds of Pembina's $1.28 billion bought deal offering of subscription receipts, which closed on December 19, 2023.

On March 28, 2024, Pembina made a cash payment per Subscription Receipt, to holders of Subscription Receipts of record as of March 15, 2024, of $0.6675.

In conjunction with closing, Pembina has updated its 2024 adjusted EBITDA guidance range to $4.05 billion to $4.30 billion, up from the prior guidance range of $3.725 billion to $4.025 billion.

The revised outlook primarily reflects the incremental contribution from increased ownership of Alliance and Aux Sable, as well as a stronger outlook in the marketing business.

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Enbridge, First Nations And Metis Partner To Advance 200 MW Wind Energy Project In Saskatchewan

Enbridge, First Nations And Metis Partner To Advance 200 MW Wind Energy Project In Saskatchewan

Enbridge Inc. (ENB, ENB.TO) and Six Nations Energy Development LP (Six Nations) - a newly-created consortium of Cowessess First Nation, George Gordon First Nation, Kahkewistahaw First Nation, Metis Nation-Saskatchewan, Pasqua First Nation and White Bear First Nations - announced Monday plans to advance development of a new wind energy project southeast of Weyburn, Saskatchewan.
RTTNews | 263 days ago
Enbridge Appoints Patrick Murray To Succeed Vern Yu As EVP And CFO

Enbridge Appoints Patrick Murray To Succeed Vern Yu As EVP And CFO

Enbridge Inc. (ENB, ENB.TO) announced Monday that the Board of Directors has appointed Patrick Murray, currently Senior Vice President & Chief Accounting Officer, to succeed Vern Yu as Executive Vice President and Chief Financial Officer, effective July 1, 2023.
RTTNews | 676 days ago
UK Economy Contracts Unexpectedly On Weaker Production

UK Economy Contracts Unexpectedly On Weaker Production

The UK economy logged an unexpected contraction at the start of the year on a sharp fall in production, official data revealed on Friday. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December, the Office for National Statistics reported. GDP was expected to grow 0.1 percent.
RTTNews | 4h 59min ago
Asian Shares Advance As US Shutdown Worries Ease

Asian Shares Advance As US Shutdown Worries Ease

Asian stocks ended mostly higher on Friday after U.S. Senate Minority Leader Chuck Schumer said he plans to vote for a Republican bill to fund the government through September, helping ease worries about a potential federal government shutdown.
RTTNews | 5h 5min ago