Syrian government forces withdraw from central city of Homs as insurgent offensive acceleratesMamata Machinery Share Price Today, December 30: Mamata Machinery Limited Stock Opens in Negative in Early Trade After Dream Debut on December 27WASHINGTON — The FBI should have done more to gather intelligence before the Capitol riot, according to a watchdog report Thursday that also said no undercover FBI employees were on the scene on Jan. 6, 2021, and that none of the bureau's informants was authorized to participate. The report from the Justice Department inspector general's office knocks down a fringe conspiracy theory advanced by some Republicans in Congress that the FBI played a role in instigating the events that day, when rioters determined to overturn Republican Donald Trump's 2020 election loss to Democrat Joe Biden stormed the building in a violent clash with police. The review, released nearly four years after a dark chapter in history that shook the bedrock of American democracy, was narrow in scope, but aimed to shed light on gnawing questions that have dominated public discourse, including whether major intelligence failures preceded the riot and whether the FBI in some way provoked the violence. Rioters loyal to Donald Trump gather Jan. 6, 2021, at the U.S. Capitol in Washington. The report offers a mixed assessment of the FBI's performance in the run-up to the riot, crediting the bureau for preparing for the possibility of violence and for trying to identify known "domestic terrorism subjects" who planned to come to Washington that day. But it said the FBI, in an action the now-deputy director described as a "basic step that was missed," failed to canvass informants across all 56 of its field offices for any relevant intelligence. That was a step, the report concluded, "that could have helped the FBI and its law enforcement partners with their preparations in advance of January 6." The report found 26 FBI informants were in Washington for election-related protests on Jan. 6, including three who were tasked with traveling to the city to report on others who were potentially planning to attend the day's events. While four informants entered the Capitol, none were authorized to do so by the bureau or to break the law, the report said. Rioters storm the West Front of the U.S. Capitol on Jan. 6, 2021, in Washington. Many of the 26 informants provided the FBI with information before the riot, but it "was no more specific than, and was consistent with, other sources of information" that the FBI acquired. The FBI said in a letter responding to the report that it accepts the inspection general's recommendation "regarding potential process improvements for future events." The lengthy review was launched days after the riot as the FBI faced questions over whether it had missed warning signs or adequately disseminated intelligence it received, including a Jan. 5, 2021, bulletin prepared by the FBI's Norfolk, Virginia, field office that warned of the potential for "war" at the Capitol. The inspector general found the information in that bulletin was broadly shared. FBI Director Chris Wray, who announced this week his plans to resign at the end of Biden's term in January, defended his agency's handing of the intelligence report. He told lawmakers in 2021 that the report was disseminated though the joint terrorism task force, discussed at a command post in Washington and posted on an internet portal available to other law enforcement agencies. "We did communicate that information in a timely fashion to the Capitol Police and (Metropolitan Police Department) in not one, not two, but three different ways," Wray said at the time. FBI Director Christopher Wray speaks March 11 during a hearing of the Senate Intelligence Committee on Capitol Hill in Washington. Separately, the report said the FBI's New Orleans field office was told by a source between November 2020 and early January 2021 that protesters were planning to station a "quick reaction force" in northern Virginia "to be armed and prepared to respond to violence that day in DC, if necessary." That information was shared with the FBI's Washington Field Office, members of intelligence agencies and some federal law enforcement agencies the day before the riot, the inspector general found. But there was no indication the FBI told northern Virginia police about the information, the report said. An FBI official told the inspector general there was "nothing actionable or immediately concerning about it." A cache of weapons at a Virginia hotel as part of a "quick reaction force" was a central piece of the Justice Department's seditious conspiracy case against Oath Keeper leader Stewart Rhodes and other members of the far-right extremist group. Trump supporters, including Douglas Jensen, center, confront U.S. Capitol Police on Jan. 6, 2021, in the hallway outside of the Senate chamber at the Capitol in Washington. The conspiracy theory that federal law enforcement officers entrapped members of the mob has been spread in conservative circles, including by some Republican lawmakers. Rep. Clay Higgins, R-La., recently suggested on a podcast that agents pretending to be Trump supporters were responsible for instigating the violence. Former Rep. Matt Gaetz, R-Fla., who withdrew as Trump's pick as attorney general amid scrutiny over sex trafficking allegations, sent a letter to Wray in 2021 asking how many undercover agents or informants were at the Capitol on Jan. 6 and if they were "merely passive informants or active instigators." Wray said the "notion that somehow the violence at the Capitol on January 6 was part of some operation orchestrated by FBI sources and agents is ludicrous." Rioters scale a wall at the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/Jose Luis Magana) Supporters loyal to then-President Donald Trump attend a rally on the Ellipse near the White House on Jan. 6, 2021, in Washington. (AP Photo/Julio Cortez) Trump supporters participate in a rally in Washington on Jan. 6, 2021. (AP Photo/John Minchillo) Trump supporters participate in a rally Jan. 6, 2021, in Washington. (AP Photo/John Minchillo) Then-President Donald Trump gestures as he arrives to speak at a rally in Washington, on Jan. 6, 2021. (AP Photo/Jacquelyn Martin) People listen as then-President Donald Trump speaks during a rally Jan. 6, 2021, in Washington. (AP Photo/Evan Vucci) Supporters of then-President Donald Trump try to break through a police barrier at the Capitol in Washington on Jan. 6, 2021. (AP Photo/Julio Cortez) A supporter of then-President Donald Trump is injured during clashes with police at the U.S. Capitol, Jan. 6, 2021, in Washington. (AP Photo/Julio Cortez) A rioter pours water on herself at the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/Jose Luis Magana) A Trump supporter holds a Bible as he gathers with others outside the Capitol, Jan. 6, 2021, in Washington. (AP Photo/John Minchillo) Trump supporters try to break through a police barrier, Wednesday, Jan. 6, 2021, at the Capitol in Washington. (AP Photo/John Minchillo) A demonstrator supporting then-President Donald Trump, is sprayed by police, Jan. 6, 2021, during a day of rioting at the Capitol.(AP Photo/John Minchillo) Rioters try to enter the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/John Minchillo) U.S. Capitol Police try to hold back rioters outside the east doors to the House side of the U.S. Capitol, Jan 6, 2021. (AP Photo/Andrew Harnik) Rioters gather outside the U.S. Capitol in Washington, on Jan 6, 2021. (AP Photo/Andrew Harnik) Protesters gather outside the U.S. Capitol, Jan 6, 2021. (AP Photo/Andrew Harnik) Jacob Anthony Chansley, center, with other insurrectionists who supported then-President Donald Trump, are confronted by U.S. Capitol Police in the hallway outside of the Senate chamber in the Capitol, Jan. 6, 2021, in Washington. Chansley, was among the first group of insurrectionists who entered the hallway outside the Senate chamber. (AP Photo/Manuel Balce Ceneta) U.S. Capitol Police hold rioters at gun-point near the House Chamber inside the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/Andrew Harnik) Lawmakers evacuate the floor as rioters try to break into the House Chamber at the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/J. Scott Applewhite) Police with guns drawn watch as rioters try to break into the House Chamber at the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/J. Scott Applewhite) Congressmen shelter in the House gallery as rioters try to break into the House Chamber at the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/Andrew Harnik) Members of Congress wear emergency gas masks as they are evacuated from the House gallery as rioters try to break into the House Chamber at the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/Andrew Harnik) The House gallery is empty after it was evacuated as rioters try to break into the House Chamber at the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/J. Scott Applewhite) Rep. Andy Kim, D-N.J., cleans up debris and personal belongings strewn across the floor of the Rotunda in the early morning hours of Jan. 7, 2021, after rioters stormed the Capitol in Washington. (AP Photo/Andrew Harnik) Members of the DC National Guard surround the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/Julio Cortez) Vice President Mike Pence and Speaker of the House Nancy Pelosi, D-Calif., read the final certification of Electoral College votes cast in November's presidential election during a joint session of Congress after working through the night, at the Capitol in Washington, Jan. 7, 2021. (AP Photo/J. Scott Applewhite, Pool) A flag hangs between broken windows after then-President Donald Trump supporters tried to break through police barriers outside the U.S. Capitol, Jan 6, 2021. (AP Photo/John Minchillo) A flag that reads "Treason" is visible on the ground in the early morning hours of Jan. 7, 2021, after rioters stormed the Capitol in Washington. (AP Photo/Andrew Harnik) An ATF police officer cleans up debris and personal belongings strewn across the floor of the Rotunda in the early morning hours of Jan. 7, 2021, after rioters stormed the Capitol in Washington. (AP Photo/Andrew Harnik) Stay up-to-date on the latest in local and national government and political topics with our newsletter.The exploration include getting rocks and soil from the moon on Earth, the proposed Bharatiya Antariksha Station and landing an astronaut on the lunar surface. “This mission will mark India's entry into the exclusive league of nations capable of mastering space docking,” Union science minister Jitendra Singh said. “The primary objective of the SpaDeX mission is to develop and demonstrate the technology needed for rendezvous, docking, and undocking of two small spacecraft in a low-Earth circular orbit,” an Isro official said. The secondary objective of the mission includes demonstration of the transfer of electric power between the docked spacecraft, which is essential for future applications such as in-space robotics; composite spacecraft control and payload operations after undocking. “This capability is vital for India's lunar and interplanetary missions. Docking technology enables multi-launch missions and supports future human spaceflight,” Singh said. After the demonstration of docking and undocking experiments, the satellites will continue to orbit the Earth for standalone missions for two years. SDX01 is equipped with a high resolution camera (HRC) and SDX02 has two payloads — a miniature multispectral (MMX) payload and radiation monitor (RadMon). These payloads will provide high-resolution images, natural resource monitoring, vegetation studies and on-orbit radiation environment measurements which have numerous applications, Isro said. The PSLV-C60 mission also carries 24 payloads from various Isro labs, private start-ups and educational institutions for carrying out experiments in space. These 24 payloads are mounted on the fourth stage of the PSLV rocket which will remain in orbit for a few weeks before falling back on the Earth. PS4-Orbital Experiment Module (POEM) provides an opportunity for the scientific community to carry out certain in-orbit microgravity experiments for an extended duration of up to three months using the platform, which otherwise would end up as space debris immediately after the mission objective of injecting the primary payloads of the mission.

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CALGARY, Alberta--(BUSINESS WIRE)--Dec 12, 2024-- Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its 2025 financial guidance and provided a business update. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241212048876/en/ Highlights Business Update Pembina anticipates a record setting financial year in 2024 reflecting the positive impact of recent acquisitions, growing volumes in the WCSB, and a strong contribution from the marketing business. As expected, volumes in the conventional pipelines business have strengthened in the fourth quarter relative to the first three quarters of the year. In 2024, the Company meaningfully advanced its strategy through the full consolidation of Alliance Pipeline and Aux Sable (the "Alliance/Aux Sable Transaction"), and by reaching a positive final investment decision on the Cedar LNG Project. These two accomplishments highlight Pembina’s focus on strengthening the existing franchise, increasing exposure to resilient end-use markets, and accessing global market pricing for Canadian energy products. In addition, Pembina Gas Infrastructure ("PGI") announced transactions with Veren Inc. and Whitecap Resources Inc., creating opportunities with attractive economics that are expected to enhance asset utilization, capture future volumes, and benefit Pembina’s full value chain. Through these two transactions, we are realizing the vision set forth with the creation of PGI in 2022. Other accomplishments over the past year include the completion of the $430 million Phase VIII Peace Pipeline Expansion and the $90 million NEBC MPS Expansion, on time and under budget; sanctioning $210 million (net to Pembina) of new projects, including the Wapiti Expansion and K3 Cogeneration Facility; and entering into long-term agreements with Dow Chemical Canada to supply up to 50,000 barrels per day ("bpd") of ethane for their Path2Zero Project (the "Dow Supply Agreement"). Through its extensive asset base and integrated value chain, Pembina can provide a full suite of transportation and midstream services across multiple hydrocarbons – natural gas, crude oil, condensate, and NGL. This uniquely positions the Company to benefit from a robust, multi-year growth outlook for the WCSB driven by transformational developments that include the recent completion of the Trans Mountain Pipeline expansion, new West Coast liquefied natural gas ("LNG") and NGL export capacity, and the development of new petrochemical facilities creating significant demand for ethane and propane. Growing production and demand for services in the WCSB continues to provide opportunities to increase utilization on existing assets and pursue expansion opportunities. As attention turns to 2025, Pembina is focused on several key priorities including: Alliance Pipeline CER Toll Review The CER initiated a review of Alliance Pipeline’s tolls, which were previously approved by the CER. As such, the CER has ordered Alliance Pipeline to submit for approval a detailed toll application justifying why the current tolling methodology remains compliant with the Canadian Energy Regulator Act, or a new tolling methodology application. Likewise, the CER has ordered that the current tolls shall be deemed interim tolls until resolution of the above. Alliance Pipeline's tolls for the Canadian segment of the pipeline are approved by the CER, while its tolls for the United States segment are approved by the Federal Energy Regulatory Commission. Alliance Pipeline's Canadian long-term firm service tolls have remained level since they were approved by the CER in 2015, while its full path tolls to Chicago have declined by approximately 15 percent. In comparison, tolls on alternative systems have increased by approximately 30 percent. Likewise, Alliance Pipeline has operated at an industry leading reliability rate. Furthermore, Alliance Pipeline remains an ‘at-risk’ commercial model where returns and cost recovery are squarely driven by the customer demand for its service and Alliance Pipeline's ability to efficiently provide such service. By contrast, the competitive alternatives and the majority of CER regulated Group 1 natural gas pipelines' returns are not materially exposed to volume or cost recovery risk. Alliance Pipeline is working collaboratively with its stakeholders through the CER review process and will remain focused on delivering the highest standards of service that customers have come to expect. Pembina will work expeditiously throughout 2025 with shippers towards a negotiated solution, in accordance with all CER direction. Approximately 60 percent of the adjusted EBITDA contribution from Alliance Pipeline is generated from the Canadian portion of the pipeline. Pembina’s 2025 adjusted EBITDA guidance, discussed below, assumes the existing toll is in effect for the full year. Board of Directors Appointment Pembina is pleased to announce that Mr. Alister Cowan has been appointed to the board of directors effective December 3, 2024. Mr. Cowan has over 20 years of experience in the energy industry and has significant financial executive level experience at various public companies. In 2023, he was Executive Advisor of Suncor Energy Inc. ("Suncor") and was previously Chief Financial Officer of Suncor from 2014 to 2023 where he oversaw financial operations, accounting, investor relations, treasury, tax, internal audit, and enterprise risk management. Prior to joining Suncor, Alister was Chief Financial Officer of Husky Energy Inc. from 2008 to 2014. Before that, he was Executive Vice President and Chief Financial Officer and Chief Compliance Officer of British Columbia Hydro and Power Authority. Mr. Cowan is a non-executive director of The Chemours Company and of Smiths Group PLC. He has a Bachelor of Arts in Accounting and Finance from Heriot-Watt University and is a member of the Institute of Chartered Accountants of Scotland. Mr. Cowan has also been appointed to the audit committee. "The board of directors is excited to welcome Alister, and we look forward to working with him. Alister is a seasoned financial executive with extensive experience in Canadian energy. We are sure to benefit from his contribution as we work together to ensure Pembina's continued success during a transformational period of growth in the Canadian oil and gas industry," said Henry Sykes, Chair of the Board. 2025 Guidance Pembina is anticipating 2025 adjusted EBITDA of $4.2 billion to $4.5 billion. Relative to the midpoint of Pembina’s adjusted EBITDA guidance range for 2024, the major factors driving the outlook for 2025 adjusted EBITDA include: Pembina has hedged approximately 32 percent of its 2025 frac spread exposure. For 2025, the weighted average price of Pembina's frac spread hedges, excluding transportation and processing costs, is approximately C$36 per barrel, which compares to the prevailing 2025 forward price at the end of November 2024 of approximately C$37 per barrel. The mid-point of the 2025 adjusted EBITDA guidance range includes a forecasted contribution from the Marketing & New Ventures segment of $550 million. Excluding the contribution from the Marketing & New Ventures segment, the midpoint of the 2025 guidance range reflects an approximately 5.5 percent increase in fee-based adjusted EBITDA, relative to the forecast for 2024. Further, Pembina remains on-track to achieve four to six percent compound annual growth of fee-based adjusted EBITDA per share from 2023-2026. The lower and upper ends of the guidance range are framed primarily as a function of (1) commodity prices and the resulting contribution from the marketing business; (2) interruptible volumes on key systems; and (3) the U.S./Canadian dollar exchange rate. Current income tax expense in 2025 is anticipated to be $415 million to $470 million as Pembina will continue to benefit from the availability of tax pools from assets recently placed into service. Pembina's 2025 adjusted EBITDA may be directly impacted by market-based prices as follows: 2025 Capital Investment Pembina's 2025 capital program is expected to be allocated as follows: Pipelines Division capital expenditures primarily relate to sustaining capital, a terminal expansion within the conventional pipeline system, development spending on potential future projects, including the Fox Creek-to-Namao Peace Pipeline Expansion, and investments in smaller growth projects, including various laterals and terminals. Capital expenditures in the Facilities Division primarily relate to construction of the RFS IV Expansion, smaller growth projects, and sustaining capital spending. Capital expenditures within the Marketing and New Ventures Division and the Corporate segment are primarily targeted at information technology enhancements to further the Company's continuous improvement aspirations. Contributions to Equity Accounted Investees includes approximately $200 million of contributions to Cedar LNG to fund the construction of the Cedar LNG Project, and contributions to PGI to fund development of the Wapiti Expansion, K3 Cogeneration Facility, as well as development activities related to the previously announced agreements with Veren Inc. and Whitecap Resources Inc. The Company's 2025 capital program includes: In addition to the 2025 capital investment program detailed above, Pembina is in development of potential additional projects that, if sanctioned, would increase the 2025 capital program by up to $200 million. These projects primarily include pipeline and terminal upgrades in support of volume growth in NEBC, the Fox Creek-to-Namao Peace Pipeline Expansion, investments related to the Dow Supply Agreement, including the addition of a de-ethanizer tower at RFS III within the Redwater Complex, and optimization of the Prince Rupert Terminal to allow for the use of larger vessels, which would reduce per unit costs. Capital Allocation Pembina continues to execute its strategy within a fully funded model and consistent with its financial guardrails. Within the 2025 adjusted EBITDA guidance range, Pembina expects to generate positive free cash flow with all 2025 capital investment program scenarios being fully funded by cash flow from operating activities, net of dividends. Under prevailing market and economic conditions, Pembina expects to prioritize the use of excess free cash flow to debt repayment in 2025. As has been our approach since 2021, Pembina will continue to evaluate the merits of debt repayment relative to share repurchases while considering expected future funding requirements along with prevailing market conditions and the risk-adjusted returns of the associated alternatives. Pembina expects to exit 2025 with a proportionately consolidated debt-to-adjusted EBITDA ratio of 3.4 to 3.7 times. Excluding the debt related to the construction of the Cedar LNG project this ratio would be 3.2 to 3.5 times. About Pembina Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for 70 years. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit www.pembina.com . Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive. Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com . Forward-Looking Information and Statements This news release contains certain forward-looking information and statements (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "continue", "anticipate", "schedule", "will", "expects", "estimate", "potential", "planned", "future", "outlook", "strategy", "project", "trend", "commit", "maintain", "focus", "ongoing", "believe" and similar expressions suggesting future events or future performance. In particular, this news release contains forward-looking statements, including certain financial outlooks, pertaining to, without limitation, the following: Pembina's anticipated 2025 adjusted EBITDA, 2025 capital investment program costs, 2025 year-end proportionately consolidated debt-to-adjusted EBITDA ratio and current income tax expenses in 2025; Pembina's capital allocation plans, including with respect to debt repayment and share repurchases; expected cash flow from operating activities in 2025 and the uses thereof; 2024 year-end financial results, including the expectation that 2024 will be a record setting financial year; expectations with respect to the impacts of the Dow Supply Agreement and the transactions with Veren Inc. and Whitecap Resources Inc., as well as future actions taken in relation thereto; future pipeline, processing, fractionation and storage facility and system operations and throughput levels; Pembina's corporate strategy and the development and expected timing of new business initiatives and growth opportunities, including the anticipated timing and impacts thereof; expectations about industry activities and development opportunities, as well as the anticipated benefits and timing thereof; expectations about the demand for services, including expectations in respect of increased utilization across Pembina's assets, future tolls and volumes; planning, construction, capital expenditure and cost estimates, schedules, locations, regulatory and environmental applications and approvals, expected capacity, incremental volumes, power output, project completion and in-service dates, rights, activities and operations with respect to planned construction of, or expansions on, pipelines systems, gas services facilities, processing and fractionation facilities, terminalling, storage and hub facilities and other facilities or infrastructure; the development and anticipated benefits of Pembina's new projects and developments, including the K3 Cogeneration Facility, the Cedar LNG Project, the Wapiti Expansion, the Taylor to Gordondale Project, Fox Creek-to-Namao Peace Pipeline Expansion and the RFS IV Expansion, including the completion and timing thereof; expectations regarding CER's review of Alliance Pipeline's tolls, including the timing and outcome thereof and steps taken in connection therewith; the impact of current and future market conditions on Pembina; Pembina's hedging strategy and expected results therefrom; Pembina's capital structure, including future actions that may be taken with respect thereto and expectations regarding future uses of cash flows and uses thereof, repayments of existing debt, new borrowings and securities issuances; and Pembina's commitment to, and ability to maintain, its financial guardrails. The forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry exploration and development activity levels and the geographic region of such activity; that favourable market conditions exist, and that Pembina has available capital for share repurchases, repayment of debt and funding its capital expenditures; the success of Pembina's operations; prevailing commodity prices, interest rates, carbon prices, tax rates and exchange rates; the ability of Pembina to maintain current credit ratings; the availability of capital to fund future capital requirements relating to existing assets and projects; future operating costs; geotechnical and integrity costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; and certain other assumptions in respect of Pembina's forward-looking statements detailed in Pembina's Annual Information Form for the year ended December 31, 2023 (the "AIF") and Management's Discussion and Analysis for the year ended December 31, 2023 (the "Annual MD&A"), which were each filed on SEDAR+ on February 22, 2024, as well as in Pembina's Management's Discussion and Analysis dated November 5, 2024 for the three and nine months ended September 30, 2024 (the "Interim MD&A") and from time to time in Pembina's public disclosure documents available at www.sedarplus.ca , www.sec.gov and through Pembina's website at www.pembina.com . Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties that could cause actual events or results to differ materially, including, but not limited to: the regulatory environment and decisions and Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by counterparties to agreements with Pembina or one or more of its affiliates; actions taken by governmental or regulatory authorities and changes in legislation (including uncertainty with respect to the interpretation of the recently enacted Bill C-59 and related amendments to the Competition Act (Canada)); the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and market conditions in Canada, North America and worldwide; the ability to access various sources of debt and equity capital on acceptable terms; changes in credit ratings; counterparty credit risk; and certain other risks and uncertainties detailed in the AIF, Annual MD&A, Interim MD&A and from time to time in Pembina's public disclosure documents available at www.sedarplus.ca , www.sec.gov and through Pembina's website at www.pembina.com . This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause actual results to differ materially from those predicted, forecasted or projected by forward-looking statements contained herein. The forward-looking statements contained in this news release speak only as of the date hereof. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. Management approved the 2025 adjusted EBITDA, 2025 capital investment program costs, 2025 proportionately consolidated debt-to-adjusted EBITDA and 2025 income tax expense guidance contained herein as of the date of this news release. The purpose of these financial outlooks is to assist readers in understanding Pembina's expected and targeted financial results, and this information may not be appropriate for other purposes. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Non-GAAP and Other Financial Measures Throughout this news release, Pembina has disclosed certain financial measures and ratios that are not specified, defined or determined in accordance with GAAP and which are not disclosed in Pembina's financial statements. Non-GAAP financial measures either exclude an amount that is included in, or include an amount that is excluded from, the composition of the most directly comparable financial measure specified, defined and determined in accordance with GAAP. Non-GAAP ratios are financial measures that are in the form of a ratio, fraction, percentage or similar representation that has a non-GAAP financial measure as one or more of its components. These non-GAAP financial measures and ratios, together with financial measures and ratios specified, defined and determined in accordance with GAAP, are used by management to evaluate the performance and cash flows of Pembina and its businesses and to provide additional useful information respecting Pembina's financial performance and cash flows to investors and analysts. In this news release, Pembina has disclosed adjusted EBITDA, a non-GAAP financial measure, and proportionately consolidated debt-to-adjusted EBITDA, a non-GAAP ratio, which that do not have any standardized meaning under International Financial Reporting Standards ("IFRS") and may not be comparable to similar financial measures or ratios disclosed by other issuers. Such financial measures and ratios should not, therefore, be considered in isolation or as a substitute for, or superior to, measures and ratios of Pembina's financial performance or cash flows specified, defined or determined in accordance with IFRS, including revenue or earnings. Except as otherwise described herein, these non-GAAP financial measures and non-GAAP ratios are calculated on a consistent basis from period to period. Specific reconciling items may only be relevant in certain periods. Below is a description of each non-GAAP financial measure and non-GAAP ratio disclosed in this news release, together with, as applicable, disclosure of the most directly comparable financial measure that is determined in accordance with GAAP to which each non-GAAP financial measure relates and a quantitative reconciliation of each non-GAAP financial measure to such directly comparable GAAP financial measure. Additional information relating to such non-GAAP financial measures and non-GAAP ratios, including disclosure of the composition of each non-GAAP financial measure and non-GAAP ratio, an explanation of how each non-GAAP financial measure and non-GAAP ratio provides useful information to investors and the additional purposes, if any, for which management uses each non-GAAP financial measure; an explanation of the reason for any change in the label or composition of each non-GAAP financial measure and non-GAAP ratio from what was previously disclosed; and a description of any significant difference between forward-looking non-GAAP financial measures and the equivalent historical non-GAAP financial measures, is contained in the "Non-GAAP & Other Financial Measures" section of the Annual MD&A, which information is incorporated by reference in this news release. The Annual MD&A is available on SEDAR+ at www.sedarplus.ca , EDGAR at www.sec.gov and Pembina's website at www.pembina.com . Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization Adjusted EBITDA is a non-GAAP financial measure and is calculated as earnings before net finance costs, income taxes, depreciation and amortization (included in operations and general and administrative expense) and unrealized gains or losses on commodity-related derivative financial instruments. The exclusion of unrealized gains or losses on commodity-related derivative financial instruments eliminates the non-cash impact of such gains or losses. Adjusted EBITDA also includes adjustments to earnings for losses (gains) on disposal of assets, transaction costs incurred in respect of acquisitions, dispositions and restructuring, impairment charges or reversals in respect of goodwill, intangible assets, investments in equity accounted investees and property, plant and equipment, certain non-cash provisions and other amounts not reflective of ongoing operations. In addition, Pembina's proportionate share of results from investments in equity accounted investees with a preferred interest is presented in adjusted EBITDA as a 50 percent common interest . These additional adjustments are made to exclude various non-cash and other items that are not reflective of ongoing operations. The equivalent historical non-GAAP financial measure to 2025 adjusted EBITDA guidance is adjusted EBITDA for the year ended December 31, 2023. Adjusted EBITDA from Equity Accounted Investees In accordance with IFRS, Pembina's jointly controlled investments are accounted for using equity accounting. Under equity accounting, the assets and liabilities of the investment are presented net in a single line item in the Consolidated Statement of Financial Position, "Investments in Equity Accounted Investees". Net earnings from investments in equity accounted investees are recognized in a single line item in the Consolidated Statement of Earnings and Comprehensive Income "Share of Profit from Equity Accounted Investees". The adjustments made to earnings, in adjusted EBITDA above, are also made to share of profit from investments in equity accounted investees. Cash contributions and distributions from investments in equity accounted investees represent Pembina's share paid and received in the period to and from the investments in equity accounted investees. To assist in understanding and evaluating the performance of these investments, Pembina is supplementing the IFRS disclosure with non-GAAP proportionate consolidation of Pembina's interest in the investments in equity accounted investees. Pembina's proportionate interest in equity accounted investees has been included in adjusted EBITDA. Proportionately Consolidated Debt-to-Adjusted EBITDA Proportionately Consolidated Debt-to-Adjusted EBITDA is a non-GAAP ratio that management believes is useful to investors and other users of Pembina’s financial information in the evaluation of the Company’s debt levels and creditworthiness. View source version on businesswire.com : https://www.businesswire.com/news/home/20241212048876/en/ CONTACT: For further information:Pembina Investor Relations (403) 231-3156 1-855-880-7404 investor-relations@pembina.com www.pembina.com KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: OIL/GAS ENERGY LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT UTILITIES SOURCE: Pembina Pipeline Corporation Copyright Business Wire 2024. 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Senate Democrats want communications between Boris Epshteyn and potential Trump appointees disclosedBOONE, N.C. (AP) — South Carolina offensive coordinator Dowell Loggains has been hired as head coach at Appalachian State and will receive a five-year contract, athletic director Doug Gillin announced Saturday. The 44-year-old Loggains replaces Shawn Clark, who was fired Monday after the Mountaineers finished 5-6 for their first losing season since 2013. Loggains was South Carolina's offensive coordinator for two seasons and an assistant at Arkansas, his alma mater, for two seasons before that. He spent 16 years in the NFL as offensive coordinator and quarterbacks coach for Tennessee, Cleveland, Chicago, Miami and the New York Jets. “He brings experience as a leader and play-caller at the highest levels of professional and college football," Gillin said. "He is a great recruiter and believes strongly in building relationships. He is aligned with our core values of academic integrity, competitive excellence, social responsibility and world-class experience. This is a great day for App State.” Loggains' offense at South Carolina featured LaNorris Sellers, one of the nation's top dual-threat quarterbacks, and running back Raheim “Rocket” Sanders. Sellers and Sanders led the Southeastern Conference's third-ranked rushing offense. Loggains spent the 2021 and 2022 seasons as Arkansas' tight ends coach, and he worked with Sam Darnold, Jay Cutler, Mitchell Trubisky, Brian Hoyer and Vince Young during his time in the NFL. The Mountaineers, the preseason favorites in the Sun Belt Conference's East Division, tied for fifth with a 3-5 record in league play. App State was 40-24 under Clark, but the Mountaineers have failed to reach a bowl game two of the past three seasons. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballAP Sports SummaryBrief at 5:21 p.m. EST

Kendrick Lamar's new album does not feature Taylor Swift after claims he was working with his Bad Blood partner againAP News Summary at 6:44 p.m. EST