ACO.Y ATCO Ltd

ATCO Electric has been authorized by the Alberta Minister of Energy to prepare a
facilities application to build and operate a new high-voltage transmission line
along a corridor on the east side of the province between Edmonton and Calgary.
Upon approval of the facilities application by the Alberta Utilities Commission
(AUC), ATCO Electric will construct and operate the new line. The Alberta
Electric System Operator (AESO), in its recently released Long-term Transmission
System Plan, estimates the project will cost $1.65 billion and it is anticipated
that the majority of these costs will be incurred after 2011. 


This major high-voltage direct current (HVDC) transmission project, which will
connect an area northeast of Edmonton to a southern hub in the Brooks/Bow Island
area, is a key component of the Long-term Transmission System Plan and will
bolster the province's electricity transmission system. 


"We fully support the province's approach to transmission reinforcement and are
eager to begin an extensive public consultation process, carefully listening to
all landowners and affected parties," says Sett Policicchio, ATCO Electric
president. "Transmission reinforcement is vital to Alberta's future economic
development and this project will help ensure safe, reliable electrical service
to all Albertans."


As part of the preparation of a facilities application to the AUC, ATCO Electric
will now begin to determine the exact route for the transmission line,
thoroughly considering any potential impacts to landowners, First Nations,
communities and the environment. 


ATCO employees live and work in the eastern part of the province, contributing
to their communities individually and through the company. They care about the
responsible development of their communities. 


The company is currently constructing two major transmission lines in northern
Alberta, totalling approximately 360 kilometres. With these projects and the
award-winning 350-kilometre Dover to Whitefish line completed in 2004, ATCO
Electric is an experienced developer of transmission lines and is well
positioned to carry out this major program in the coming years.


ATCO Electric provides safe, reliable delivery of electricity to 245 communities
spanning over 65 per cent of Alberta and is part of the ATCO Group of Companies.


Alberta-based ATCO Ltd., with more than 7,700 employees and assets of
approximately $9.8 billion, delivers service excellence and innovative business
solutions worldwide with leading companies engaged in Utilities (pipelines,
natural gas and electricity transmission and distribution), Energy (power
generation and midstream services), Structures & Logistics (manufacturing,
logistics and noise abatement) and Technologies (business systems solutions).
More information can be found on its website, www.atco.com.


Forward-Looking Information: 

Certain statements contained in this news release may constitute forward-looking
information. Forward-looking information is often, but not always, identified by
the use of words such as "anticipate", "plan", "estimate", "expect", "may",
"will", "intend", "should", and similar expressions. Forward-looking information
involves 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 information. The Corporation believes that the expectations
reflected in the forward-looking information are reasonable, but no assurance
can be given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied upon. Any
forward-looking information contained in this news release represents the
Corporation's expectations as of the date hereof, and is subject to change after
such date. The Corporation disclaims any intention or obligation to update or
revise any forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable securities
legislation.

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