Pembina signs deal to sell stake in Key Access Pipeline System
The corporate logo of Pembina Pipeline Corp. (TSX:PPL) is shown. (THE CANADIAN PRESS/HO)
CALGARY -
Pembina Pipeline Corp. has signed a deal to sell Pembina Gas Infrastructure's 50 per cent interest in the Key Access Pipeline System to private equity firm Stonepeak Partners LP for $662.5 million.
Pembina Gas Infrastructure is 60 per cent owned by Pembina and 40 per cent by KKR's global infrastructure fund.
The deal is expected to close in the first quarter of 2023, subject to approval by the Commissioner of Competition as well as other closing conditions.
The sale came as Pembina says it expects adjusted earnings before interest, taxes, depreciation and amortization between $3.5 billion and $3.8 billion in 2023.
Pembina says the midpoint of the guidance reflects about a five per cent increase in adjusted EBITDA contribution from Pembina's fee-based business.
The company's 2023 capital investment program is expected to total $730 million.
This report by The Canadian Press was first published Dec. 12, 2022.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
CTVNews.ca Top Stories
5 rescued after avalanche triggered north of Whistler, B.C. RCMP say
Emergency crews and heli-skiing staff helped rescue five people who were caught up in a backcountry avalanche north of Whistler, B.C., on Monday morning.
Quebec fugitive killed in Mexican resort town, RCMP say
RCMP are confirming that a fugitive, Mathieu Belanger, wanted by Quebec provincial police has died in Mexico, in what local media are calling a murder.
Bill Clinton hospitalized with a fever but in good spirits, spokesperson says
Former President Bill Clinton was admitted Monday to Georgetown University Medical Center in Washington after developing a fever.
Trump again calls to buy Greenland after eyeing Canada and the Panama Canal
First it was Canada, then the Panama Canal. Now, Donald Trump again wants Greenland. The president-elect is renewing unsuccessful calls he made during his first term for the U.S. to buy Greenland from Denmark, adding to the list of allied countries with which he's picking fights even before taking office.
UN investigative team says Syria's new authorities 'very receptive' to probe of Assad war crimes
The U.N. organization assisting in investigating the most serious crimes in Syria said Monday the country’s new authorities were “very receptive” to its request for cooperation during a just-concluded visit to Damascus, and it is preparing to deploy.
Pioneering Métis human rights advocate Muriel Stanley Venne dies at 87
Muriel Stanley Venne, a trail-blazing Métis woman known for her Indigenous rights advocacy, has died at 87.
King Charles ends royal warrants for Ben & Jerry's owner Unilever and Cadbury chocolatiers
King Charles III has ended royal warrants for Cadbury and Unilever, which owns brands including Marmite and Ben & Jerry’s, in a blow to the household names.
Man faces murder charges in death of woman who was lit on fire in New York City subway
A man is facing murder charges in New York City for allegedly setting a woman on fire inside a subway train and then watching her die after she was engulfed in flames, police said Monday.
Canada regulator sues Rogers for alleged misleading claims about data offering
Canada's antitrust regulator said on Monday it was suing Rogers Communications Inc, for allegedly misleading consumers about offering unlimited data under some phone plans.
Edmonton
-
'Serious safety issues': Edmonton building where security guard was killed evacuated
An apartment building where a security guard was killed earlier this month has been evacuated.
-
Oilers enter holiday break on an NHL tear
The Edmonton Oilers' victory on Sunday over the Ottawa Senators was the 11th in their last 13 games.
-
City of Edmonton to lift Phase 1 parking ban Monday evening
The City of Edmonton will lift the Phase 1 parking ban on Monday at 5 p.m.
Lethbridge
-
'20 per cent increase': Interfaith Food Bank helps more than 900 households this holiday season
The last food bundles are heading out the door ahead of Christmas Day, as the Interfaith Food Bank nears the threshold of helping 1,000 households this holiday season.
-
Lethbridge Polytechnic announces new education and training opportunities for police
Lethbridge Polytechnic is taking steps to strengthen education and training opportunities for future police cadet graduates.
-
Milk River emergency department shuttered through Thursday
Alberta Health Services says the Milk River emergency department has temporarily closed due to a lack of physician coverage.
Vancouver
-
5 rescued after avalanche triggered north of Whistler, B.C. RCMP say
Emergency crews and heli-skiing staff helped rescue five people who were caught up in a backcountry avalanche north of Whistler, B.C., on Monday morning.
-
B.C. woman sentenced for impaired driving crash that killed retired Mountie
A Vancouver Island woman who was high on drugs when she crashed a car into a pickup truck, killing a retired Mountie and injuring his two passengers, "did not realize what was happening and took no steps to avoid the accident" a B.C. Supreme Court judge found.
-
'They have their families to feed': YVR janitors set to escalate job action
Approximately 230 janitors at Vancouver International Airport are set to escalate job action Tuesday at "undisclosed areas of the airport."
Vancouver Island
-
B.C. woman sentenced for impaired driving crash that killed retired Mountie
A Vancouver Island woman who was high on drugs when she crashed a car into a pickup truck, killing a retired Mountie and injuring his two passengers, "did not realize what was happening and took no steps to avoid the accident" a B.C. Supreme Court judge found.
-
5 rescued after avalanche triggered north of Whistler, B.C. RCMP say
Emergency crews and heli-skiing staff helped rescue five people who were caught up in a backcountry avalanche north of Whistler, B.C., on Monday morning.
-
Cleanup underway after rockslide derails train in B.C.
No injuries were reported after a rockslide derailed a freight train, sending railcars into British Columbia's Fraser River, on Sunday night.
Saskatoon
-
Personalized license plates on the rise in Saskatchewan
You may have noticed a few more vanity plates on Saskatchewan roads in recent years, and every one of them comes with a personal story.
-
'There are lines': In year-end interview, NDP leader says Moe went too far in election campaign
Saskatchewan’s two main political leaders had agreed before October's provincial election not to target the families of candidates during the campaign, says Opposition NDP Leader Carla Beck.
-
Sask. RCMP on the scene of rollover on Highway 40
The Saskatchewan RCMP said Highway 40 was closed Monday afternoon following a rollover just west of Hafford, a village just under 100 kilometres northwest of Saskatoon.
Regina
-
'A nice way to connect': Christmas card exchange between Sask. friends spans 60 years
What started out as a little holiday fun between two Regina friends has turned into a tradition that now spans six decades.
-
Dog lost in Saskatchewan during cross-country trip reunited with family
A family moving from Ontario to Alberta in November had a scare when their family dog got loose during a stop in Dafoe, Sask. and ran away.
-
Estevan police officer arrested following SIRT investigation
An officer of the Estevan Police Service (EPS) is facing several charges following an investigation by the province’s police oversight agency.
Toronto
-
DEVELOPINGDEVELOPING Parts of Ontario under snowfall warning Monday as holiday travellers hit the road
Holiday travellers and commuters could be in for a messy drive on Monday morning as a significant round of snowfall moves into the region. Here are live updates on the situation in Toronto.
-
Everything you need to know about what’s open on Christmas in the GTA
Here's what you need to know about what's open and closed in the GTA over the Christmas holidays.
-
Pedestrian taken to hospital after being struck by vehicle in Forest Hill
A male pedestrian was rushed to the hospital after being struck by the driver of a vehicle in Toronto's Forest Hill area Monday night.
Montreal
-
Quebec fugitive killed in Mexican resort town, RCMP say
RCMP are confirming that a fugitive, Mathieu Belanger, wanted by Quebec provincial police has died in Mexico, in what local media are calling a murder.
-
Guzzo Group says it wants to protect its 500 employees
Although the Guzzo Group is currently in turmoil, it is reassuring its employees and customers about the year ahead.
-
Snow on the way as Montreal is under weather advisory
A weather advisory has been issued for the Greater Montreal area, with 10 to 15 cm of snow expected to hit the ground.
Atlantic
-
Court of appeal certifies class action lawsuit against health authority, former nurse
A New Brunswick mother who is the lead plaintiff in a court case has received an early Christmas gift after the province’s top court certified her class-action lawsuit.
-
No need to dream, White Christmas all but assured in the Maritimes
An early nor'easter followed by a low-pressure system moving into the region all but ensure a Maritime White Christmas
-
CTV’s Katie Kelly solves decades old mystery involving “anchor” tattoo
It’s been almost two decades since a 21-year-old man from New Glasgow, N.S., got a tattoo of CTV’s Bruce Frisko, but it’s a piece of Maritime history that hasn’t been forgotten.
Winnipeg
-
An alleged sniper, pair of animal claims featured on MPI’s top five fraud list for 2024
From hitting animals that weren’t there to a sniper that didn’t exist, Manitoba Public Insurance has released its top five frauds of 2024.
-
Manitoba government to make permanent cut to gas tax
Manitobans can expect to see a permanent change at the gas pump as early as next week
-
Winnipeg police arrest corrections officer following sexual assault of a youth
A corrections officer at a “youth custody facility” has been arrested following a number of sexual assaults against a youth.
Ottawa
-
Traffic dispute threatens to dampen holiday spirit on Taffy Lane
A visit to Ottawa's Taffy Lane in Orléans is a staple this time of year, but a dispute amongst neighbours over traffic congestion is threatening to dim the magic of the holidays for one neighbour.
-
Ottawa mayor speaks on transit funding, federal turmoil in year-end interview
Ottawa Mayor Mark Sutcliffe spoke with CTV News on a variety of issues, including transit, the city budget and political turmoil on Parliament Hill in a year-end interview.
-
SNOWFALL WARNING
SNOWFALL WARNING Pre-Christmas storm forecasted in Ottawa with up to 20 cm of snow tonight
Environment Canada has issued a snowfall warning for Ottawa and parts of eastern Ontario with a snowstorm in the forecast Monday afternoon and into the evening.
Northern Ontario
-
Fatal snowmobile crash in northern Ont. near Parry Sound
A 30-year-old has died following a snowmobile crash near Parry Sound on Sunday.
-
Teen passed out at coffee shop with bottle of booze on the table, northern Ont. police say
A 19-year-old from Blind River is facing several charges following incidents at a coffee shop and in jail.
-
Man charged with damaging downtown Sudbury eatery
A man free on probation has been charged with causing significant damage to a restaurant on Elgin Street in downtown Sudbury over the weekend.
Barrie
-
Several collisions reported along Highway 11 as driving conditions deteriorate
Highway 11 was closed briefly in Oro-Medonte on Monday afternoon as driving conditions deteriorated, causing multiple collisions.
-
Theft, vehicle break-ins, and fraud top police reports during holidays
Police in Barrie are urging residents to be vigilant this holiday season, as theft, theft from vehicles, and fraud consistently rank as the most reported crimes during this time of year.
-
Student charged, firearms seized after threats against school: police
Police say officers found several firearms during a search at a teen’s home after he allegedly made violent threats against a secondary school.
Kitchener
-
Winter weather travel advisory before Christmas
Anyone planning to travel is being urged to be prepared as 5 to 15 cm of snow could hit a large portion of southern Ontario on Monday.
-
Beloved bookstore in Uptown Waterloo forced to close for months following fire
A beloved bookstore in Uptown Waterloo is bearing the brunt of some holiday misfortune.
-
Must-see moments of 2024: A superstar surprise, roundabout resident and CKCO studios come down
From a WWE surprise for a Guelph superfan, to the recovery of a lost aviation artifact, to a reporter getting the story right from the goose's mouth, here are some of our can’t-miss moments from 2024.
London
-
Blast of Ontario snow brings weather warnings, signs of white Christmas
A white Christmas is forecasted for parts of Ontario as winter weather and snowfall sweeps across the province Monday.
-
91-year-old harness driver victorious at The Raceway in London, Ont.
A 91-year-old harness driver raced his way to victory on Friday night with his horse, Willy Strike.
-
SIU concludes LPS was justified in striking a man in August arrest
Following an incident in August, the province’s police watchdog has concluded that a London Police Service officer did not commit a criminal offense.
Windsor
-
Restaurant staff aid in rescue of two men that fell into the frigid waters of the Detroit River
Windsor police say that shortly before 9:00 p.m. on Dec. 20, officers were called after a man fell into the water while standing too close to the marina wall. A second man jumped in to help him.
-
Early morning blaze that displaced two people deemed suspicious
Windsor fire was on scene of an early morning blaze in the 1500 block of Pelissier Street on Monday.
-
Child luring investigation sees Windsor resident charged
According to Essex OPP, 45-year-old Shaun Ouellette is facing charges of luring a person under 16 years of age by means of telecommunication.
