News Release

Pembina Pipeline Corporation 2012 Capital Spending Plan Conference Call and Webcast

CALGARY, Nov. 24, 2011 /CNW/ - Pembina Pipeline Corporation (TSX: PPL) ("Pembina") expects to release its 2012 capital spending plans on Thursday, December 1, 2011.  A conference call and webcast have been scheduled for the same day at 3:00 p.m. MT (5:00 p.m. ET) for interested investors, analysts, brokers and media representatives.

The conference call dial-in numbers for Canada and the U.S. are 647-427-7450 or 888-231-8191.  A recording of the conference call will be available for replay until December 12, 2011 at 11:59 p.m. ET. To access the replay, please dial either 416-849-0833 or 855-859-2056 and enter the password 31102888.

A live webcast of the conference call can be accessed on Pembina's website at under Investor Centre, Presentation & Events, or by entering in your web browser. Shortly after the call, an audio archive will be posted on the website for 90 days.

Pembina Pipeline Corporation transports crude oil and natural gas liquids produced in western Canada, owns and operates oil sands pipelines, and has a growing presence in the midstream and marketing and gas services sectors. Pembina's common shares and convertible debentures are traded on the TSX under the symbols PPL and PPL.DB.C respectively.

Forward-Looking Information & Statements

The comments and presentation to be made during Pembina's 2012 capital spending plan conference call and webcast include forward-looking statements and information that are subject to a variety of risk and uncertainties. Actual results may differ materially from those expressed or implied by the forward-looking statements and information. Further information about these risks and uncertainties and the estimates, projections and assumptions used, is available in Pembina's 2010 annual report and annual information form.