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Canadian Utilities

Title: Canadian Utilities
Category: Energy
Clicks: 3
Added on: Jun 16, 2012
PageRank:
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Canadian Utilities is a member of ATCO Ltd., which is an Alberta-based corporation, operating in three main areas – utilities, including electricity and natural gas distribution and transmission; power generation; and global enterprises, with companies specializing in technology, energy services, logistics, and industrial manufacturing. Canadian Utilities in listed on TSX under the ticker symbol CU. Its main competitors are Emera Inc, BP NGL, and the AES Corporation.

Eugene Coste created Canadian Western in 1911 which became a sister company of Northwestern Utilities in 1925. It operated under the US holding company International Utilities until 1930 when Canadian Utilities was bought by the Dominion Gas and Electric Company. The majority ownership of the company was transferred from International Utilities in 1980 and was acquired by the Canadian conglomerate ATCO Ltd. Canadian Utilities moved to separate its non-regulated business from its regulated utility business in 1999. Thus, a new subsidiary was formed, CU Inc., which acquired all outstanding obligations and common shares of the regulated subsidiaries.

Canadian Utilities has a number of companies, among which TCO Gas Australia, ATCO Pipelines, ATCO Gas, ATCO Midstream, ATCO Energy Solutions, and others. ATCO Electric serves customers on the territory of east-central and northern Alberta, which is a resource-rich area, and electricity is important for industrial growth. The ATCO Blue Flame Kitchen provides recipes and household advice in Alberta through its learning center, website, and customer advisor service (toll-free). The company offers information on different cooking, household, and daily living topics.

ATCO Power is a construction manager, developer, operator, and owner of environmentally progressive and technologically advanced power generation facilities. The company operates a number of power generation plants, among which the Joffre Cogeneration Plant, the Muskeg River Cogeneration Plant, and the Scotford Cogeneration Plant. ATCO Energy Solutions is engaged in operating, owning, and building hydrocarbon storage facilities, industrial pipelines, and electrical assets. A division of ATCO Energy Solutions, ATCO Water offers industrial and municipal wastewater and industrial solutions. ATCO Midstream offers natural gas storage, processing, and gathering of natural gas, with interests in natural gas processing and gathering facilities as well as gas extraction facilities.
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