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CALGARY, Alberta, March 27, 2018 -- Alliance Pipeline Ltd. (“Alliance”) today announced that Enbridge Income Fund (“Enbridge”) (TSX:ENF) and Pembina Pipeline Corporation ("Pembina”) (TSX:PPL), each of which owns either directly or through affiliates, 50 percent of Alliance, have decided to convert the operation and administration of Alliance Pipeline into an owner-operator model.
Pembina and Enbridge have been working together to develop a business structure for Alliance that allows the business to safely and efficiently deliver value to all stakeholders. Upon implementation of the new operating model, Alliance’s functions will be split between Enbridge and Pembina.
The implementation of this new model is expected to be completed during summer 2018.
Media Contact:
Alan Roth, Corporate Communications
(403) 517-7742
About the Alliance Pipeline system:
The Alliance Pipeline system consists of an approximately 3,848-kilometer (2,391-mile) integrated Canadian and U.S. natural gas transmission pipeline system, delivering rich natural gas from the Western Canadian Sedimentary Basin and the Williston Basin to the Chicago market hub. The Alliance system delivers, on average, about 45.3 million standard cubic metres (or 1.6 billion standard cubic feet) of natural gas per day. More information about the company is available at www.alliancepipeline.com. Alliance Pipeline Limited Partnership (Alliance Canada) owns the Canadian portion of the Alliance Pipeline system. Alliance Pipeline L.P. (Alliance U.S.A.) owns the U.S. portion of the Alliance Pipeline system. Both Alliance Canada and Alliance U.S.A. are owned 50 percent each by affiliates of Enbridge Income Fund (TSX:ENF) and Pembina Pipeline Corporation (TSX:PPL).
