Pembina Pipeline (PBA) Declares $0.145 Quarterly Dividend; 1.4% Yield
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Pembina Pipeline (PBA) Plans to Construct CDH; Initial Phase Will Cost $350M
October 9, 2014 8:04 AM EDTPembina Pipeline (NYSE: PBA) announced plans to proceed with construction of the Canadian Diluent Hub ("CDH"), a large-scale condensate and diluent terminal at its Heartland Terminal site near Fort Saskatchewan, Alberta.
The initial phase of CDH development is estimated to cost $350 million and will include 600,000 barrels of above ground storage, multiple inbound and outbound pipeline connections, plus associated pumping and metering facilities. In anticipation of future customer demand and as part of an anticipated second phase of development, Pembina has also completed detailed engineering studies for the construction of additional rail facilities and underground... More
