Canadian Utilities Ltd (TSX:CU)

Consumer

Canadian Utilities Ltd, a subsidiary of holding company ATCO Group, develops energy infrastructure, owns and operates electricity generation facilities, including distribution and storage. The firm also provides industrial water and wastewater management solutions.

It also offers retail natural gas and electricity plans for residential, industrial and commercial customers.

The Calgary-headquartered company has operations primarily in Canada, Australia, Puerto Rico and Mexico.

The company provides reliable electricity, clean-burning natural gas, affordable home energy plans for Canadian households.

It provides electricity generation and distribution facility, pipeline and liquids infrastructure, and retail energy options for industrial and commercial clients.

The firm provides rate-regulated natural gas and electricity through its wholly-owned subsidiary CU Inc.

In 1980, ATCO acquired the Canadian Utilities Ltd with a 58.1 per cent stake from a Philadelphia-based utility firm. At present, the ATCO group has a 52.3 per cent interest in Canadian Utilities Ltd.

The energy transmission firm’s global operations include:

• Mexico: Through ATCO Energia and ATCO Mexico, the Canadian company participates in Mexico’s energy market by supplying electricity, operating energy generation facilities, and building energy infrastructure network for the residents.

• Alberta: The Canadian firm delivers clean-burning natural gas, reliable electricity and consumer-centric energy options to different customers.

• North Canada: The company says it has been operating in Yukon and Northwest territories since 1901. It operates through ATCO Electric Yukon and Northland Utilities Ltd in the two territories, respectively.

• Australia: Through ATCO Australia, the firm provides logistics solutions, energy infrastructure, natural gas transmission, transportation services, etc., to Australian customers.

• Puerto Rico: Canadian Utilities Ltd owns a 50 per cent stake in LUMA, an energy company in Puerto Rico. The company, along with LUMA and Quanta Services, will reportedly develop electricity transmission system in Puerto Rico over a term of 15 years.

Since 2016, ATCO claims to provide sustainable water management solutions in Alberta’s industrial heartland.

The energy firm regularly posts financial highlights, sustainable initiatives and reports, dividend reinvestment plans, etc., on the official website.

Contact Information

company address 5302 Forand St. S.W. Calgary, Alberta, Canada T3E 8B4

company phone(403) 292-7500

company websitehttps://www.canadianutilities.com

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