CU Inc 4.6 % Cum Red Pfd Registered Shs Series 1
19.81
CAD
+0.06
(+0.30%)
ISIN
CA22944C5028
CUSIP
22944C502
Return %
Stock
S&P 500
1Y
16.53
14.20
3Y
57.85
81.12
5Y
20.06
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Robert J. Myles
- Sector
- Utilities
- Industry
- Gas distributors
- Address
- Calgary Canada
- IPO Date
- Apr 18, 2007
- Website
- canadianutilities.com
- Similar Companies
- Business
- CU Inc. is an energy infrastructure and utility holding company that owns and operates rate-regulated electricity and natural gas transmission and distribution assets. Incorporated in 1999 through a corporate reorganization of Canadian Utilities Limited, the company is headquartered in Calgary, Alberta, Canada, and operates as a principal wholly-owned subsidiary of Canadian Utilities Limited within the ATCO Group. CU Inc. acts as the primary operating and financing vehicle for the group's Alberta-based regulated utility operations, which are conducted through operating units including ATCO Electric, ATCO Gas, and ATCO Pipelines under the ATCO Energy Systems business segment. The company is the issuer of publicly traded debt and equity securities, including the CU Inc. 4.60% Cumulative Redeemable Preferred Shares Series 1 (TSX: CIU.PR.A). The company provides comprehensive energy transmission and distribution services across Alberta and northern regions. Its core offerings and infrastructure assets include: high-voltage electric transmission lines, transmission towers, and electrical substations; electricity distribution lines, transformers, automated metering infrastructure, and grid interconnection services; natural gas high-pressure transmission pipeline networks, compressor stations, and measurement facilities; low-pressure natural gas distribution mains, service connections, and pressure-regulating stations; routine utility maintenance, meter reading, and emergency outage restoration services; and dedicated industrial utility interconnection solutions for oil and gas, manufacturing, agricultural, and petrochemical facilities. CU Inc. delivers essential electric and natural gas utility services to residential, commercial, municipal, and industrial consumers across northern and east-central Alberta, as well as remote electric systems in northern Canada. In recent operational developments, CU Inc. has advanced substantial capital expansion programs and infrastructure modernizations to support regional load growth, industrial decarbonization, and renewable energy integration. The company secured facility application approval from the Alberta Utilities Commission for the approximately CAD 2.9 billion Yellowhead Pipeline Project, expanding natural gas delivery capacity along major industrial corridors. Recent financing and strategic initiatives include multi-tranche debenture issuances totaling CAD 370 million to fund ongoing utility capital expenditures and refinance maturing debt obligations, alongside ongoing capital deployment under Alberta's third-generation Performance-Based Regulation framework and updated Generic Cost of Capital parameters. Furthermore, the company continues to execute grid modernization programs, deploying advanced distribution management technologies, wildfire mitigation infrastructure, and high-capacity transmission interconnections to accommodate growing electricity demand and transition-related industrial developments.