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Pembina Pipeline Corp T.PPL

Alternate Symbol(s):  PBA | PBNAF | T.PPL.PR.A | T.PPL.PR.C | T.PPL.PR.E | PPLAF | T.PPL.PR.G | PMBPF | T.PPL.PR.I | T.PPL.PR.O | T.PPL.PR.Q | PPLOF | T.PPL.PR.S | PMMBF | T.PPL.PF.A | T.PPL.PF.E | T.PPL.PF.B

Pembina Pipeline Corp is a Canada-based energy transportation and midstream service provider. The Company owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, and storage in key market hubs in Canada and the United States for crude oil, condensate, natural gas liquids and natural gas. The Facilities segment includes infrastructure that provides Pembina's customers with natural gas, condensate and natural gas liquid (NGL) services. The Marketing & New Ventures segment undertakes value-added commodity marketing activities including buying and selling products, commodity arbitrage, and optimizing storage opportunities.


TSX:PPL - Post by User

Post by Awardedon Dec 12, 2020 12:23am
721 Views
Post# 32092299

Jordan Cove

Jordan CoveI found the following excerpt interesting.  It is from the 2019 Priority issues of the Oregon Business Coalition. 

Jordan Cove Natural Gas Export Terminal and Pacific Connector Pipeline:

The Jordan Cove Natural Gas Export Terminal and Pacific Connector Pipeline would establish the Oregon International Port of Coos Bay as the premier energy center on the U.S. Pacific Coast. The Jordan Cove project is located within the Port of Coos Bay on the north spit of lower Coos Bay, on an undeveloped site zoned for industrial development. The project represents a $10 billion investment in the Southern Oregon coast, an area in desperate need of economic development. The Port of Coos Bay will also benefit through Jordan Cove's 7.5 million tons of cargo exported per year, which will significantly increase the total tonnage of cargo moved through the Port. This is important as federal funds for the maintenance of the Port's navigation channel are based on the volume of cargo moved through the Port, and only those ports moving 10 million tons of cargo a year or more are guaranteed to receive federal maintenance funds.

The project will employ 6,000 people during construction and 200 permanently at wages nearly three times the area average, and provide an ongoing source of tax revenue for the local community. When operational, Jordan Cove and Pacific Connector will pay $60 million a year in local taxes to Coos, Douglas, Jackson and Klamath counties, and $48 million a year in corporate taxes to the state for a total annual tax benefit of $108 million in Oregon. It will also substantially increase overall economic activity in the area. Jordan Cove has project labor agreements in place to use union contractors, and local governments in Coos County are working on a "community enhancement plan" to divide the influx of approximately $500 million in taxes and payments in lieu of taxes expected to accompany the project over a 20-year period.
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