CALGARY _
Pembina Pipeline Corp. (
TSX: T.PPL,
Stock Forum) says it has reached binding agreements with 30 customers for a proposed $2-billion expansion to the company's pipeline system in western Canada.
The Phase 3 expansion, which requires regulatory approvals, would follow and expand segments of pipelines from Taylor, B.C., to Edmonton. Pembina's 2014 captial spending budget will be increased by $200 million to $1.7 billion from $1.5 billion.
Pembina shares were up 0.76% to $34.32 on Monday.