Will Pembina’s (TSX:PPL) West Coast Export Bet and 932 MW Power Plant Shift Its Narrative

Pembina Pipeline has agreed in the past week to join a proposed west coast oil pipeline of national interest and, with partners, proceed with the C$4.60 billion Greenlight Electricity Centre, a 932 MW gas-fired plant in Alberta serving a large data centre under a long-term tolling agreement. These moves mark a meaningful expansion beyond traditional pipelines into large-scale power generation and export infrastructure, potentially reshaping how Pembina earns and diversifies its fee-based...