Weekly Recap: C$4.6B 932MW Alberta plant and Scotia raises PBA to C$69

Pembina Pipeline Corp (NYSE:PBA) approved a C$4.6B, 932 MW Alberta gas plant—its ~C$2.3B share tied to a long‑term tolling deal requiring ~150 MMcf/d and targeting late‑2030 service—while Scotia Capital raised PBA’s target to C$69, citing improved valuation and outlook.

Previous Week Recap

• Pembina Approves C$4.6B Gas Plant: Pembina (PBA) approved a C$4.6B 932 MW gas power plant in Alberta; Pembina’s net share ~C$2.3B, tied to a long‑term tolling deal, needs ~150 MMcf/d gas, targeting late‑2030 service
• Scotia Capital Lifts Pembina Target: Scotia Capital lifted Pembina Pipeline (PBA) target to C$69 from C$65 and kept its Sector Outperform rating, citing an updated valuation and outlook for the pipeline stock.

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