Pembina bets big on data-centre power and a new oil pipeline
Greenlight power plant gets go-ahead Pembina approved a $4.6 billion gas-fired power plant (its share about $2.3 billion) to supply a data centre, expected to add roughly $310 million a year in earnings. This opens a new, contracted growth business beyond pipelines, supporting the stock.
This is the core new event driving Pembina's growth story and price.
Meta data centre confirms demand Meta broke ground on a C$13 billion data centre in Alberta that will buy power from Pembina's Greenlight plant under a long-term contract. This locks in steady, fee-like revenue and shows real demand for Pembina's gas-to-power push.
It validates the Greenlight project with a concrete, creditworthy customer.
Pembina joins new west coast oil pipeline Pembina is a named partner in a proposed million-barrel-per-day oil pipeline from Alberta to the B.C. coast, costing $35–44 billion. If built, it would expand Pembina's export infrastructure and long-term growth, though it is early-stage and years away.
It is a major new capital project that could reshape Pembina's future earnings.
Big spending brings execution and balance-sheet risk Pembina is committing billions to Greenlight and the pipeline while also funding Cedar LNG and Heartland. The growth is real, but so is the risk if projects run late or over budget, or if the balance sheet gets stretched.
It is the main counterweight to the positive growth news and matters for long-term investors.