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Pembina Tags Largest CapEx in History for 2014; Outlines Growth Projects
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Pembina Pipeline Corporation has approved a capital spending plan of approximately $1.5 billion for 2014.
This is approximately 56 percent higher than last year's capital budget and represents the largest in the Company's history.
Mick Dilger, President and Chief Operating Officer, commented: "Pembina's capital spending plan for 2014 is indicative of the substantial suite of growth projects we have before us, the majority of which are under long-term, fee-for-service agreements. This investment is directly aligned with our goal of providing long-term and sustainable value to our shareholders."
The Company's 2014 capital plan is largely driven by its success in securing growth opportunities in 2013. Approximately $1.3 billion, or 85 percent of the total capital, is associated with…
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