Pembina Pipeline and its partners announced a final investment decision Thursday on the first phase of a massive natural gas-fired power plant northeast of Edmonton known as the Greenlight Electricity Centre. The 932-megawatt facility is poised to become Canada’s first dedicated natural gas power plant built specifically to supply a hyperscale AI data centre, Pembina said. The project is also the first test of Alberta’s “bring your own” power strategy, in which big tech firms secure dedicated electricity supplies rather than relying on power purchases from the provincial grid. (The Logic)

Talking point: One surprise buried in Thursday’s announcement is that Greenlight’s ownership has changed, moving from a fully Canadian-owned project to 47.5 per cent owned by a major U.S. investor. Morgan Stanley Infrastructure Partners is acquiring OPTrust’s previous stake—a sign that global investors may be taking notice of Alberta’s potential to fuel the AI infrastructure boom. The Logic first reported last October that the project’s anchor customer is Meta platforms. The tech giant is believed to be planning a major data-centre campus in Alberta that could eventually require substantially more power than Greenlight’s current 1.8-gigawatt buildout—an ambition that dovetails with Pembina’s plans to pursue future expansions of Greenlight.