- Business
- Canadian Utilities Limited is a diversified global energy infrastructure company that, through its subsidiaries, engages in electricity transmission and distribution, natural gas transmission and distribution, electricity generation, renewables, energy storage, industrial water solutions, and retail energy services; it operates primarily through ATCO Energy Systems, ATCO EnPower, and ATCO Australia segments. The company provides regulated electricity transmission and distribution in northern and central eastern Alberta, the Yukon, Northwest Territories, and Saskatchewan's Lloydminster area; natural gas transmission and distribution throughout Alberta and Saskatchewan's Lloydminster area; international natural gas distribution in Western Australia; electricity generation including hydro, diesel, solar, wind, and hydrogen projects; energy infrastructure such as storage and clean fuels; and retail energy plans to residential, commercial, and industrial customers across Canada, Australia, Mexico, and Puerto Rico via a 50% interest in LUMA Energy. Founded in 1927 and headquartered in Calgary, Alberta, Canada, Canadian Utilities is a subsidiary of ATCO Ltd.
In recent developments, the company advances the $2.9 billion Yellowhead Mainline natural gas pipeline project, spanning 230 kilometers from Peers to Fort Saskatchewan in Alberta with capacity for 1.1 billion cubic feet per day to support Dow Chemical's Path2Zero facility, residential growth, and regional customers; the Alberta Utilities Commission approved the Need Assessment Application in Q3 2025, with construction targeted for 2026 pending further approvals and Indigenous equity partnerships. It progresses the Central East Transfer-Out (CETO) electricity transmission project, an 85-kilometer line with substations set for energization by June 2026 to integrate renewables and supply over 1,500 megawatts in Alberta's Red Deer, Lacombe, and Stettler counties. ATCO EnPower completed construction of two 1-megawatt hydrogen production and refueling stations with Canadian Pacific Kansas City in Calgary and Edmonton to enable zero-emissions locomotives, closed the acquisition of Suncor wind and solar assets in Alberta and Ontario, and partnered with Chiniki and Goodstoney First Nations on Deerfoot and Barlow solar projects; additionally, Canadian Utilities closed a new issuance of 7 million 5.60% Cumulative Redeemable Second Preferred Shares Series JJ in November 2025 and announced redemption of Series FF shares effective December 2025.