Pembina and Kineticor Push Forward the Greenlight Electricity Project

Core Insights - Pembina Pipeline Corporation, in partnership with Kineticor, is advancing the Greenlight Electricity Center project, a gas-fired combined cycle power generation facility in Alberta with a capacity of up to 1,800 MW [1][8] - The project aims to provide a stable and competitive power supply, supporting Alberta's industrial growth and innovation [2][3] Strategic Importance - The Greenlight Electricity Center is positioned to leverage Alberta's favorable investment climate, enhancing the province's role in North America's energy innovation [2] - The facility is designed to meet the growing energy demands of Alberta's evolving economy, particularly in the Industrial Heartland region [3] Natural Gas Demand - The initial phase of the project will generate approximately 900 MW, increasing natural gas demand by nearly 160 million cubic feet per day (mmcf/d), potentially rising to 320 mmcf/d at full capacity [4][8] - This demand growth presents opportunities for Pembina's Alliance Pipeline system to expand its operations [4] Commercialization Milestones - The project has secured a 907 MW allocation from the Alberta Electric System Operator (AESO), a critical step towards commercialization [6][8] - A Demand Transmission Service agreement with AESO ensures grid connection and power access by 2027, facilitating integration into Alberta's electrical system [7][8] Financial Strategy - Proceeds from land ownership valued at approximately $190 million will be reinvested into the Greenlight project and help reduce Pembina's outstanding debt [9][8] Equipment and Timelines - The project has finalized a reservation agreement for two turbines, ensuring equipment availability and supporting a targeted startup as early as 2030 [10][11] - The final investment decision (FID) is anticipated in the first half of 2026, contingent upon key agreements [12] Economic Impact - The Greenlight Electricity Center is expected to be a catalyst for Alberta's economic growth, attracting investment and fostering innovation [13] - The project exemplifies Pembina's strategy to extend its natural gas value chain and enhance overall asset utilization [14][15] Conclusion - The advancement of the Greenlight Electricity Center signifies a transformative moment for Alberta's energy future, positioning the province as a leader in energy innovation [16]