Canadian Utilities

Lafarge Canada Inc. and ATCO Announce 12.5-Year Solar Virtual Power Purchase Agreement

Retrieved on: 
Thursday, October 5, 2023
Alternative Energy, Energy, Other Energy, Utilities, Investment, Multimedia, Atco, Toyota Canada Inc., Plant, Canadian Utilities, ESG, Wind, Carbon, ATCO, Solar energy, Lafarge (company), Lafarge, VPPA, Renewable energy, Exshaw

Lafarge Canada Inc., an industry leader in sustainable building solutions, and ATCO Ltd., through its investment in Canadian Utilities Limited, today announced that they have entered into a 12.5-year virtual power purchase agreement (VPPA).

Key Points: 
  • Lafarge Canada Inc., an industry leader in sustainable building solutions, and ATCO Ltd., through its investment in Canadian Utilities Limited, today announced that they have entered into a 12.5-year virtual power purchase agreement (VPPA).
  • Under this agreement, Lafarge’s Exshaw cement plant will receive one hundred percent of the solar energy produced by the 38.5-megawatt Empress Solar project, meeting 34 per cent of the plant’s power requirements through 2036.
  • Notably, Lafarge's Exshaw cement plant has now committed to power purchase agreements for both wind and solar energy, setting an industry precedent.
  • The Empress Solar project is expected to generate enough renewable energy to offset approximately 43,000 tonnes of carbon per year.

Engine Capital Sends Letter to Parkland’s Board of Directors Outlining Paths to Enhance Shareholder Value

Retrieved on: 
Wednesday, March 22, 2023
Professional Services, Business, Finance, Petro, CalPERS, Canada, Pressure, Petro-Canada, Murphy USA, EV, MPC, Marathon, Policy, CST Brands, Bennett Jones, TFI International, Multimedia, CASY, TSR, DCP Midstream Partners, Carbon, Sale, Public expenditure, Magellan Midstream Partners, EBITDA, Parkland Corporation, Investment, Alimentation Couche-Tard, PKI, Capital, Marathon Petroleum, TSX, Canadian Utilities, Transport, Letter, Empire Company, Agency for Strategic Initiatives (Russia), NYSE, ISS, Leyland Royal Tiger PSU, Security (finance), Bank, Management, Marketing, Risk management, Cryptocurrency, Keyera

Adhere to best corporate governance practices by refreshing the Board and adding directors with convenience merchandising and capital allocation experience.

Key Points: 
  • Adhere to best corporate governance practices by refreshing the Board and adding directors with convenience merchandising and capital allocation experience.
  • Free cash flow per share is a critical measure as the Board takes into account capital expenditures and working capital.
  • In conclusion, we believe that the value creation opportunity at Parkland is significant and that there are meaningful levers for the Board to significantly enhance shareholder value in the public market.
  • On behalf of Engine, we look forward to working cooperatively with you to increase long-term shareholder value.

Key Global Leaders to Discuss Industry Innovations and Energy Transition at the Annual Global Energy Show in Calgary

Retrieved on: 
Tuesday, May 31, 2022
Zero, EnergySolutions, ESG, Canadian Utilities, Chair, BMO Centre, Shell, TC Energy, Canadian Natural Resources, Solution, Atco, Justice, Small modular reactor, SMR, Global Energy Prize, Wind, AB, Water resources, INDEX, Industry, National, Partnership, ATCO, Conference, Imperial, Atmosphere, Natural Gas Pipeline Permitting Reform Act, Technology, Country, Celebrity, Exhibition, CEO, Renewable energy, Oil, Suncor Energy, Energy, Hydrogen

The annual event brings together key energy leaders, stakeholders and partners, government representatives and thought leaders from around the world under one roof.

Key Points: 
  • The annual event brings together key energy leaders, stakeholders and partners, government representatives and thought leaders from around the world under one roof.
  • The Global Energy Show is the largest B2B exhibition and conference in North America showcasing the next generation of leaders from the global energy sector discussing global challenges and developing real-world solutions.
  • "The Global Energy Show is the only fully-integrated energy event in North America, and we are thrilled to welcome back energy leaders to Calgary," said Nick Samain, Vice President, dmg events.
  • The Global Energy Show is proud to be facilitating these global discussions and further position Canada as the global supplier of choice for responsibly-produced energy."

Canadian Utilities Expands Its Energy Storage Business in Alberta

Retrieved on: 
Tuesday, November 26, 2019
Energy, Articles, ATCO, Companies of Canada, Canadian Utilities, Energy storage, Natural gas, ATCO, Energy industry, Alberta electricity policy, ATCO Electric

CALGARY, Alberta, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Canadian Utilities Limited (TSX: CU, CU.X)

Key Points: 
  • CALGARY, Alberta, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Canadian Utilities Limited (TSX: CU, CU.X)
    Canadian Utilities Limited (CU), an ATCO company, announced today that the partnership between ATCO Energy Solutions Ltd. and Petrogas Energy Corp. has secured long-term contracts for the construction and operation of a fifth salt cavern storage facility at the ATCO Heartland Energy Centre near Fort Saskatchewan, Alberta.
  • CU currently operates four salt caverns under long-term contract, which have a combined hydrocarbon storage capacity of 400,000 cubic metres.
  • The ATCO Heartland Energy Centre is centrally located within the Alberta Industrial Heartland, the largest hydrocarbon processing region in Canada.
  • Canadian Utilities Limited is a diversified global energy infrastructure corporation delivering service excellence and innovative business solutions in Electricity (electricity generation, transmission and distribution), Pipelines & Liquids (natural gas transmission, distribution and infrastructure development; and energy storage and industrial water solutions) and Retail Energy (electricity and natural gas retail sales).

ATCO Reports Third Quarter 2019 Earnings

Retrieved on: 
Thursday, October 31, 2019
Companies of Canada, Companies, ATCO, ATCO, Canadian Utilities, Neltume, Economy of Canada

CALGARY, Alberta, Oct. 31, 2019 (GLOBE NEWSWIRE) -- ATCO Ltd. (TSX: ACO.X, ACO.Y)

Key Points: 
  • CALGARY, Alberta, Oct. 31, 2019 (GLOBE NEWSWIRE) -- ATCO Ltd. (TSX: ACO.X, ACO.Y)
    ATCO today announced third quarter 2019 adjusted earnings of $74 million, or $0.65 per share, compared to $87 million, or $0.76 per share, in the third quarter of 2018.
  • Lower third quarter earnings recorded in Canadian Utilities and ATCO Investments were partially offset by higher earnings in Structures & Logistics and Neltume Ports.
  • Neltume Ports contributed $2 million in higher earnings in the third quarter of 2019 compared to the same period in 2018.
  • ATCO Corporate & Other recorded $12 million in lower third quarter 2019 earnings mainly due to lower income from ATCO Investments, which completed two commercial real estate transactions in the third quarter of 2018.

Canadian Utilities to Release Third Quarter 2019 Results on October 31, 2019

Retrieved on: 
Thursday, October 10, 2019
ATCO, Canadian Utilities, GlobeNewswire

CALGARY, Alberta, Oct. 10, 2019 (GLOBE NEWSWIRE) -- Canadian Utilities Limited (TSX: CU, CU.X)

Key Points: 
  • CALGARY, Alberta, Oct. 10, 2019 (GLOBE NEWSWIRE) -- Canadian Utilities Limited (TSX: CU, CU.X)
    Canadian Utilities Limited (Canadian Utilities) will release its financial results for the quarter ended September 30, 2019 on Thursday, October 31, 2019.
  • The news release will be distributed via www.globenewswire.com and the results, including Financial Statements and Managements Discussion & Analysis, will be posted on www.canadianutilities.com .
  • Canadian Utilities will hold a live teleconference and webcast to discuss our third quarter 2019 financial results.
  • Dennis DeChamplain, Executive Vice President & Chief Financial Officer, will discuss third quarter 2019 financial results and recent developments at 8:00 am Mountain Time (10:00 am Eastern Time) on Thursday, October 31, 2019 at 1-800-319-4610.

Canadian Utilities Completes Sale of Canadian Generation Business

Retrieved on: 
Monday, September 30, 2019
Companies of Canada, Economy of Canada, Cory Cogeneration Station, ATCO, Canadian Utilities, SaskPower, ATCO, Companies

CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Canadian Utilities Limited (TSX: CU, CU.X)

Key Points: 
  • CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Canadian Utilities Limited (TSX: CU, CU.X)
    Canadian Utilities Limited (CU), an ATCO company, has completed the previously announced sale of its Canadian fossil fuel-based electricity generation portfolio in a series of three transactions.
  • With the completion of these transactions, we are well positioned to capture new opportunities for growth at home and abroad, said Siegfried Kiefer, President & Chief Executive Officer, Canadian Utilities.
  • In July, CU completed the sale of its 50 per cent ownership interest in the 260-MW Cory Cogeneration Station to SaskPower International.
  • With approximately 5,000 employees and assets of $22 billion, Canadian Utilities Limited is an ATCO company.

ATCO and Canadian Utilities 2019 Investor Day to be Webcast

Retrieved on: 
Monday, September 16, 2019
ATCO, Canadian Utilities, Companies of Canada, ATCO, Companies, Economy of Canada

CALGARY, Alberta, Sept. 16, 2019 (GLOBE NEWSWIRE) -- ATCO Ltd. (TSX: ACO.X, ACO.Y) / Canadian Utilities Limited (TSX: CU, CU.X)

Key Points: 
  • CALGARY, Alberta, Sept. 16, 2019 (GLOBE NEWSWIRE) -- ATCO Ltd. (TSX: ACO.X, ACO.Y) / Canadian Utilities Limited (TSX: CU, CU.X)
    ATCO and Canadian Utilities will host an Investor Day on Tuesday, September 17 at ATCOs global head office in Calgary.
  • Senior executives from both ATCO and Canadian Utilities will provide an update on the operations, recent developments and strategic direction of their respective companies.
  • Interested parties may participate in the webcast available on ATCOs and Canadian Utilities websites at https://www.atco.com/en-ca/about-us/investors/events-presentations.html and https://www.canadianutilities.com/en-ca/investors/events-presentations.html .
  • With approximately 5,000 employees and assets of $22 billion, Canadian Utilities Limited is an ATCO company.