Per-MW pricing, regional variance, and cost drivers for owners scoping hyperscale & AI builds.
Salary benchmarks across the 14 mission-critical disciplines.
Pembina Pipeline Corporation said it has signed a heads of agreement to take part in a proposed crude oil pipeline and export terminal project that would connect Alberta to Canada’s West Coast.
The proposed system would have capacity of approximately one million barrel per day and would use the existing Trans Mountain pipeline right of way, described in the announcement as the southern route. The project is being advanced as a national priority involving the Government of Canada, the Province of Alberta, Indigenous partners, and industry.
Under the framework set out in the HOA, the project would be held through a development company jointly owned by the Government of Canada, the Province of Alberta, and Pembina. A working interest would be reserved for Indigenous partners to acquire at commercial operations.
Pembina said its economic interest during construction would be 10 percent, with the opportunity for up to an additional 10 percent once the project enters commercial operation. Trans Mountain Corporation would act as the lead project proponent and would be responsible for construction, the regulatory process, stakeholder and Indigenous engagement, and later operation of the asset.
Pembina said it would participate as an experienced industry operator and provide what it called an independent perspective on cost, schedule, and execution, while not replacing the lead project proponent. The company said it is in the early stages of reviewing development plans and initial capital cost estimates through the HOA, with that due diligence expected to continue until definitive agreements are signed, a step targeted for September 2026.
The company also said it retains full discretion over any final investment decision for its interest and would have no at-risk development capital before that decision. Pembina said it plans to assess the opportunity against project milestones during the development period and evaluate it within its broader capital allocation framework and development portfolio.
"The Project represents a once-in-a-generation opportunity to advance nation-building energy infrastructure that strengthens Canada’s economy and expands access to global markets for Canadian energy", said Scott Burrows, President and Chief Executive Officer of Pembina. "We are proud to bring our development and execution expertise to a project of this national significance. Our participation will be evaluated through the same disciplined lens we apply to every capital decision. We have approached our involvement in a way that is measured, that preserves our financial flexibility, and that incorporates meaningful protections - so that any participation remains consistent with our financial guardrails and creates durable value for our shareholders."
Pembina said the proposed multi-stakeholder structure is intended to align risk and responsibility among participants and includes protections for the company related to issues such as cost overruns and returns.
The company said it intends to provide updates at appropriate milestones as its evaluation of the project progresses.
Read the source
