UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2014
Commission File Number: 001-35563
PEMBINA PIPELINE CORPORATION
(Name of registrant)
3800, 525 –
8th Avenue S.W.
Calgary, Alberta T2P 1G1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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PEMBINA PIPELINE CORPORATION |
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Date: September 2, 2014 |
By: |
/s/ Scott Burrows |
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Name: Scott Burrows |
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Title: Vice President, Capital Markets |
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Form 6-K Exhibit Index
Exhibit
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Document
Description |
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99.1 |
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News Release Dated September 2, 2014 - Pembina Chooses Portland, Oregon for New West Coast Propane Export Terminal
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Exhibit 99.1
Pembina Chooses Portland, Oregon for New West Coast Propane Export Terminal
Pembina enters into agreement with the Port of Portland, Oregon to
enable the development of Pembina's planned West Coast propane export terminal project
CALGARY, Sept. 2, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina"
or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has selected the site for the Company's planned
West Coast propane export terminal project (the "West Coast Terminal" or the "Project"). On August 28, 2014,
Pembina entered into an agreement (the "Terminal Agreement") with the Port of Portland, Oregon (the "Port")
that sets forth the terminal site, which includes an existing marine berth, located within the city of Portland for the development
of the Project. The Terminal Agreement also outlines the material commercial lease terms for the West Coast Terminal.
Most importantly, the Terminal Agreement now enables Pembina to begin
the process of engaging and consulting with the neighbours of the Project and other stakeholders within the city of Portland, municipal,
state and federal governments, and all applicable environmental and regulatory authorities.
Under the Terminal Agreement, Pembina will continue to progress detailed
engineering work, undertake extensive environmental and regulatory reviews and assessments and, together with the Port, begin the
process to obtain all the required permits and approvals for the development of the West Coast Terminal.
"Signing the Terminal Agreement is a tremendous milestone for the
Project," said Mick Dilger, Pembina's President and Chief Executive Officer. "It marks the beginning of consulting and
engaging with stakeholders, governments and the environmental and regulatory authorities. Building trust with the communities where
we operate is a top priority for Pembina and over the last 60 years, we have developed a reputation for honesty, transparency and
treating our stakeholders with respect. Ongoing dialogue with our stakeholders is an integral part of what we do and is the most
important step in any development process. We are looking forward to our conversations with the neighbours of the Project."
Pembina intends to initially develop a 37,000 barrel per day propane export
facility for an expected capital investment of approximately US$500 million and with an anticipated in-service date of early-2018.
The Company expects that the West Coast Terminal will provide growing Canadian propane supply (that is derived from natural gas
produced in Western Canada) with access to large, international markets while complementing Pembina's expanding integrated service
offering for products that are derived from natural gas.
"Working with the Port toward development of Pembina's West Coast
Terminal has been very positive," said Andrew Gruszecki, Pembina's Vice President of Business Development. "We are pleased
by the Port's sophistication, work ethic and excellent facilities and operations. Pembina is eager to progress the Project under
the terms of the Terminal Agreement to bring our plans for a significant investment in the Portland area to fruition, allowing
us to provide an exciting opportunity for our shareholders and a market solution for our customers. We are excited to work with
the people of Portland on investment and employment opportunities for the near and long-term."
The Port is located in the city of Portland along the Columbia and Willamette
rivers. The Columbia River provides deep water access to the Pacific Ocean, which is approximately 180 kilometers downstream. The
Port has lands available for the installation of storage, piping and rail facilities and marine infrastructure associated with
Pembina's Project.
"Our Port is already a proven gateway for Canadian exports and imports,
and I am impressed by the level of experience, expertise and commitment to safety that Pembina brings to the table," says
Bill Wyatt, Executive Director of the Port of Portland. "This will be an excellent fit, and we are fully committed to make
the Project a reality in Portland."
Pembina believes being a responsible operator means being committed to
protecting the health and safety of people and the environment. The Company's Safety, Environment and Security ("SES")
management system is a cornerstone of Pembina's success and is deeply embedded in its corporate culture. Pembina reinforces its
dedication to excellence in SES in its daily operations through regular safety meetings, extensive contractor screening, rigorous
project inspection, review of potential hazards, and ensuring the Company's assets and practices meet or exceed industry best practices.
Pembina will work with the Port of Portland and all other stakeholders to ensure the Project is constructed and operated safely
and in accordance with all municipal, state and federal regulations.
Under the terms of the Terminal Agreement, the Project is subject to Pembina
and the Port entering into definitive agreements, and the receipt of all environmental and regulatory permits and approvals necessary
for the development of the Project.
About Pembina
Calgary-based Pembina Pipeline Corporation is a leading transportation
and midstream service provider that has been serving North America's energy industry for 60 years. Pembina owns and operates infrastructure
that transport various products derived from natural gas and hydrocarbon liquids produced in western Canada. The Company also owns
and operates gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business.
With facilities strategically located in western Canada and in natural gas liquids markets in eastern Canada and the U.S., Pembina
also offers a full spectrum of midstream and marketing services that spans across its operations. Pembina's integrated assets and
commercial operations enable it to offer services needed by the energy sector along the hydrocarbon value chain.
Forward-Looking Statements & Information
This document contains certain forward-looking statements and information
(collectively, "forward-looking statements") within the meaning of the "safe harbor" provisions of applicable
securities legislation that are based on Pembina's current expectations, estimates, projections and assumptions in light of its
experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology
such as "enables", "begin", "will", "intends", "anticipates", progress"
and similar expressions suggesting future events or future performance.
In particular, this document contains forward-looking statements, pertaining
to, without limitation, the following: the Project; the expected commencement and timing of stakeholder engagement; Pembina's intentions
to continue to progress detailed engineering work, undertake regulatory and environmental reviews and assessments, proceed with
permitting and seek approvals for the Project; the planned capacity of the proposed West Coast Terminal; the anticipated capital
expenditures related to the Project; the expected in-service date of the West Coast Terminal; Pembina's expectations around access
to international markets and supply sources; expected integration of the Project with Pembina's existing and future infrastructure
and Company strategy; the anticipated conclusion of commercial agreements; the ongoing utilization and expansions of and additions
to Pembina's business and asset base, growth and growth potential. These forward-looking statements and information are being made
by Pembina based on certain assumptions that Pembina has made in respect thereof as at the date of this document including those
discussed below.
With respect to forward-looking statements contained in this document,
Pembina has made assumptions regarding, among other things: the ability of the parties to effectively engage with stakeholders;
that the Project will continue to be economically and strategically beneficial to the Company; that Pembina's due diligence will
not reveal anything that renders the Project not feasible; that the Port will obtain all required third-party approvals and agreements
for the Project; that Pembina will obtain all required regulatory, environmental, governmental and other third-party approvals;
that third-parties will provide any required support; that counterparties will comply with contracts in a timely manner; the ability
of the parties to satisfy the conditions of the Terminal Agreement and conclude definitive agreements within the time required
under the Terminal Agreement; cost of engineering, environmental, regulatory, construction and other Project-related expenses;
that there are no unforeseen events preventing the completion of the Project or the performance of obligations under the Terminal
Agreement or commercial agreements; that Pembina and the Port will obtain Project sanctioning on a timely basis; the competitive
landscape and timing of potential similar projects; ongoing utilization and future expansion, development, growth and performance
of Pembina's business and asset base; future demand for fractionation and transportation services; future international supply
of and demand for propane; future levels of oil and natural gas development; and potential revenue and cash flow enhancement; future
cash flows.
Although Pembina believes the expectations and material factors and
assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that
these expectations, factors and assumptions will prove to be correct. Readers are cautioned that events or circumstances could
cause results to differ materially from those predicted, forecasted or projected. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur, which may cause actual performance and financial results in future
periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking
statements and information. Risks and uncertainties inherent in the nature of the Project include the failure of the parties to
satisfy the conditions to the Terminal Agreement, the failure of the parties to negotiate and conclude definitive agreements, the
inability of Pembina or the Port to obtain Project sanctioning, Pembina's due diligence revealing the Project to be not economically
or commercially feasible, the inability to secure third-party, regulatory, environmental or governmental approvals in a timely
manner, or at all, changes to the market for propane or supply sources. Failure to so obtain such approvals, or the failure to
otherwise satisfy the conditions to the Project, may result in the Project not being completed on the proposed terms, or at all.
None of the forward-looking statements described above are guarantees
of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to:
the failure to realize the anticipated benefits of the Project following completion due to integration issues or otherwise; the
impact of competitive entities and pricing; reliance on key industry partners, alliances and agreements; the strength and operations
of the oil and natural gas production industry and related commodity prices; the continuation or completion of third- party projects;
regulatory environment and inability to obtain required regulatory approvals; tax laws and treatment; fluctuations in operating
results; lower than anticipated results of operations and accretion from Pembina's business initiatives; reduced amounts of cash
available for dividends to shareholders; the ability of Pembina to raise sufficient capital (or to raise capital on favourable
terms) to complete future projects and satisfy future commitments.
The forward-looking statements contained in this document speak only
as of the date of this document. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements
or information contained herein, except as required by applicable laws. The forward-looking statements contained in this document
are expressly qualified by this cautionary statement.
Pembina Pipeline® is a registered trademark of Pembina Pipeline
Corporation.
SOURCE Pembina Pipeline Corporation
%CIK: 0001546066
For further information:
Investor Inquiries:
Scott Burrows
Vice President, Capital Markets
(403) 231-3156
1-855-880-7404
e-mail: investor-relations@pembina.com
Media Inquiries:
Laura Lunt
Senior Manager, Regulatory, Environment & External Relations
(403) 231-7500
CO: Pembina Pipeline Corporation
CNW 07:27e 02-SEP-14
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