ACO.Y ATCO Ltd

ATCO Midstream announced today the purchase of IPL Holdings Inc. (IPLH), a
wholly owned subsidiary of Enbridge Inc. IPLH holds a one-third interest in the
Ikhil Joint Venture and one-third of the shares of Inuvik Gas Ltd.


The Ikhil Joint Venture and Inuvik Gas represent the first natural gas
development project north of the Arctic Circle. It dates back to 1999 when joint
venture partners, Inuvialuit Petroleum Corporation, AltaGas Utility Group Inc.
and IPLH developed the Ikhil gas reservoir in the Northwest Territories. Today,
assets include two producing wells, gas gathering and processing facilities as
well as a 50 kilometre pipeline to the town of Inuvik. Inuvik Gas is the sole
distributor of natural gas to the town, serving more than 800 customers.


"This is an important acquisition for our company," said Kevin Cumming,
President, ATCO Midstream. "We are pleased to be partnering with AltaGas and the
Inuvialuit as well as joining other ATCO companies active in Canada's North. We
are looking forward to bringing ATCO Midstream's skills and services to this new
market."


For nearly a century the ATCO Group of Companies has been building mutually
beneficial relationships with northern aboriginal partners. ATCO's numerous
partnerships have created many successful businesses.


Part of ATCO Group, ATCO Midstream provides natural gas gathering, processing,
storage and natural gas liquids solutions to the Canadian natural gas producing
sector. More information about ATCO Midstream can be found at
www.atcomidstream.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 (industrial
manufacturing, 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.


The forward-looking statements contained in this news release represent the
Corporation's expectations as of the date hereof, and are subject to change
after such date. The Corporation disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable securities
regulations.

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