ACO.Y ATCO Ltd

ATCO Frontec and Fort McKay First Nation today announce an agreement to
construct and operate a 603-room complex that will provide accommodations to
Albian Sands Energy.


"This is the third large-scale housing development to be constructed and
operated through our partnership with Fort McKay First Nation," said Harry
Wilmot, Chief Operating Officer and President, ATCO Frontec. "We continue to
build on our existing business relationship with Fort McKay First Nation to
expand our capabilities in the camp services sector and satisfy a critical
housing gap for oil sands producers."


The complex will be added to the existing Barge Landing Lodge built for Suncor
earlier this year. Operated under a services agreement with Albian Sands, this
new facility will utilize a common dining room, games room, fitness centre,
meeting rooms and television rooms. Barge Landing Lodge is located across from
the recently opened Creeburn Lake Lodge on Fort McKay First Nation land.
Together, these housing complexes will provide 2,251 rooms for oil sands
workers.


"Our partnership with ATCO Frontec continues to deliver new opportunities for
our people," said Chief Jim Boucher of the Fort McKay First Nation. "We have a
proven business model in place that applies industry know-how and combined
resources to deliver a valuable service in the area."


ATCO Frontec will manage construction and day-to-day operations for the complex
with Fort McKay Group of Companies providing on-site construction services.


Albian Sands Energy Inc. operates the Muskeg River Mine on behalf of AOSP Joint
Venture owners, Shell Canada (60%), Chevron Canada Limited (20%) and Marathon
Oil Sands L.P. (20%).


Fort McKay First Nation is comprised of Cree and Dene people who have a strong
historical attachment to the region. It has established a wide range of oil
industry-based companies that provide employment opportunities and revenue for
the community. Visit www.fortmckay.com for more information.


ATCO Frontec, a subsidiary of Canadian Utilities Limited, part of the ATCO Group
of companies, specializes in the rapid mobilization and delivery of site support
and camp services to the resource, defence, transportation, and
telecommunications sectors. More information about the company is available at
www.atcofrontec.com.


ATCO Group, an Alberta-based worldwide organization of companies with assets of
approximately $8.5 billion and more than 7,800 employees, is comprised of three
main business divisions: Power Generation; Utilities (natural gas and
electricity transmission and distribution) and Global Enterprises (industrials,
technology, logistics and energy services). More information about ATCO Ltd. can
be found at www.atco.com.


Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "anticipate", "plan", "expect", "may", "will",
"intend", "should", and similar expressions. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
statements. The Corporation believes that the expectations reflected in the
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon.


The Corporation's actual results could differ materially from those anticipated
in these forward-looking statements as a result of regulatory decisions,
competitive factors in the industries in which the Corporation operates,
prevailing economic conditions, and other factors, many of which are beyond the
control of the Corporation.

Grafico Azioni ATCO (TSX:ACO.Y)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni ATCO (TSX:ACO.Y)
Storico
Da Lug 2023 a Lug 2024