LSE:MTLN.L 9 February 2026

July 3, 2026, 11:08 AM EDT. Pembina Pipeline Corporation shares climbed 1.6% in Toronto on the U.S. holiday. The company put C$2.1 billion into the Greenlight Electricity Centre, a 932 MW gas-fired power plant in Alberta built to meet data center demand. Pembina estimates the project could bring in C$310 million in annualized adjusted EBITDA at an EBITDA margin around 14.8%. By comparison, Pembina's stake in a proposed West Coast oil pipeline is still up in the air, with no agreement or final cost numbers. Traders are sticking with the steady returns from Greenlight while the pipeline plans drag on. Pembina topped the S&P/TSX Composite's slim 0.3% gain. Investors are betting on the company's power play for now.