Pembina Pipeline Announces Positive Final Investment Decision On Greenlight Electricity Centre

Pembina Pipeline Corp TSX:PPL:

• PEMBINA PIPELINE ANNOUNCES POSITIVE FINAL INVESTMENT DECISION ON THE GREENLIGHT ELECTRICITY CENTRE

• PEMBINA PIPELINE CORP - GREENLIGHT ELECTRICITY CENTRE TO BE 932 MW GAS-FIRED POWER FACILITY IN ALBERTA

• PEMBINA PIPELINE CORP - GREENLIGHT PROJECT COST EXPECTED AT $4.6 BILLION, $2.3 BILLION NET TO PEMBINA

• PEMBINA PIPELINE CORP - PROJECT EXPECTED TO GENERATE ANNUAL RUN-RATE ADJUSTED EBITDA OF $310 MILLION NET TO PEMBINA

• PEMBINA PIPELINE CORP - GREENLIGHT ELECTRICITY CENTRE ANTICIPATED IN-SERVICE DATE SECOND HALF OF 2030

• PEMBINA PIPELINE CORP - GREENLIGHT TO FINANCE 60% OF PROJECT COST WITH DEBT, 40% WITH EQUITY

• PEMBINA PIPELINE CORP: PEMBINA AND MSIP WILL FUND 50% OF GREENLIGHT'S CAPITAL

• PEMBINA PIPELINE CORP: ALL FINANCIAL FIGURES ARE IN CANADIAN DOLLARS