UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June, 2015
Commission File Number: 001-35563
PEMBINA PIPELINE CORPORATION
(Name of registrant)
(Room #39-095) 4000, 585 8th Avenue S.W.
Calgary, Alberta T2P 1G1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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PEMBINA PIPELINE CORPORATION |
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Date: June 4, 2015 |
By: |
/s/ Scott Burrows |
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Name: Scott Burrows |
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Title: Vice President, Finance and Chief Financial Officer |
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Form 6-K Exhibit Index
Exhibit
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Document
Description |
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99.1 |
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News Release Dated June 4, 2015 - Pembina Pipeline Corporation Announces Expansion of Horizon Pipeline System |
Exhibit 99.1
Pembina Pipeline Corporation Announces Expansion of Horizon Pipeline
System
CALGARY, June 4, 2015 /CNW/ - Pembina Pipeline Corporation
("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it will expand its existing Horizon Pipeline
System ("Horizon") (the "Horizon Expansion") for an estimated capital cost of approximately $125 million.
The Horizon Expansion will increase the pipeline's capacity
up to 250,000 barrels per day, which will be achieved predominantly through the upgrading of mainline pump stations and other facility
modifications, as required. Subject to regulatory and environmental approvals, the Horizon Expansion is expected to be in service
mid-2016.
Andrew Gruszecki, Pembina's Vice President, Oil Sands &
Heavy Oil, commented: "The Horizon Expansion reinforces the strategic nature of Pembina's existing Oil Sands & Heavy Oil
asset base. Furthermore, the Horizon Expansion, which is underpinned by a long-term agreement, will be beneficial to our shareholders
by adding to our growing cost-of-service, low-risk cash flow streams."
Horizon, a 513 kilometre pipeline, was originally commissioned
in 2008 and built to connect Canadian Natural Resources Limited's Horizon Oil Sands facility to refineries, export pipelines and
other delivery locations in the Edmonton area. Horizon is operated under the terms of a 25-year fixed return contract, which expires
in 2034.
About Pembina
Calgary-based Pembina Pipeline Corporation is a leading transportation
and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns and operates
an integrated system of pipelines that transport various hydrocarbon liquids including conventional and synthetic crude oil, heavy
oil and oil sands products, condensate (diluent) and NGL produced in western Canada and ethane produced in North Dakota. The Company
also owns and operates gas gathering and processing facilities and an oil and NGL infrastructure and logistics business. With facilities
strategically located in western Canada and in NGL markets in eastern Canada and the U.S., Pembina also offers a full spectrum
of midstream and marketing services that spans across its operations. Pembina's integrated assets and commercial operations enable
it to offer services needed by the energy sector along the hydrocarbon value chain.
Forward-Looking Statements & Information
This document contains certain forward-looking statements
and information (collectively, "forward-looking statements") that are based on Pembina's current expectations, estimates,
projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking
statements can be identified by terminology such as "expects", "will" and similar expressions suggesting future
events or future performance.
In particular, this document contains forward-looking statements,
pertaining to, without limitation, the following: Pembina's corporate strategy; planning, construction, capital expenditure estimates,
schedules, expected capacity, incremental volumes, in service dates, and operations with respect to the Horizon Expansion; and
anticipated transportation strategies and services. These forward-looking statements are being made by Pembina based on certain
assumptions that Pembina has made in respect thereof as at the date of this document including those discussed below.
With respect to forward-looking statements contained in
this document, Pembina has made assumptions regarding, among other things: that counterparties will comply with contracts in a
timely manner; that there are no unforeseen events preventing the performance of contracts or the completion of the Horizon Expansion;
that Pembina will obtain required regulatory approvals on a timely basis; maintenance of operating margins; anticipated changes
in interest rates, foreign currency exchange, inflation rates and commodity prices; ongoing utilization and future expansion, development,
growth and performance of Pembina's business and asset base; future demand for transportation services; future levels of oil and
natural gas development.
Although Pembina believes the expectations and material
factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance
that these expectations, factors and assumptions will prove to be correct. Readers are cautioned that events or circumstances could
cause results to differ materially from those predicted, forecasted or projected. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur, which may cause actual performance and financial results in future
periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking
statements and information.
None of the forward-looking statements described above
are guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not
limited to: the regulatory environment and decisions, and the inability to obtain required regulatory approvals; the impact of
competitive entities and pricing; reliance on key industry partners, alliances and agreements; the strength and operations of the
oil and natural gas production industry and related commodity prices; the continuation or completion of third- party projects;
non-performance or default by counterparties; tax laws and treatment; fluctuations in operating results; lower than anticipated
results of operations and accretion from Pembina's business initiatives; the ability of Pembina to raise sufficient capital (or
to raise capital on favourable terms) to complete future projects and satisfy future commitments.
The forward-looking statements contained in this document
speak only as of the date of this document. Pembina does not undertake any obligation to publicly update or revise any forward-looking
statements or information contained herein, except as required by applicable laws. The forward-looking statements contained in
this document are expressly qualified by this cautionary statement.
Pembina Pipeline® is a registered trademark of Pembina
Pipeline Corporation.
SOURCE Pembina Pipeline Corporation
%CIK: 0001546066
For further information: Investor Inquiries: Scott Burrows,
Vice President, Finance & Chief Financial Officer, (403) 231-3156, 1-855-880-7404, e-mail: investor-relations@pembina.com;
Media Inquiries: Tanis Fiss, Supervisor, External Communications, (403) 817-7131, e-mail: media@pembina.com
CO: Pembina Pipeline Corporation
CNW 13:11e 04-JUN-15
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