DOCSLIB.ORG

Atco Ltd. Financial Information

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Atco Ltd. Financial Information ATCO LTD. FINANCIAL INFORMATION FOR THE THREE MONTHS ENDED MARCH 31, 2021 CORPORATE OFFICE: 5302 FORAND ST SW, CALGARY, ALBERTA, CANADA T3E 8B4 TEL: 403-292-7500 WWW.ATCO.COM atco.com Q1 2021 INVESTOR FACT SHEET STRUCTURES & LOGISTICS | NELTUME PORTS | CANADIAN UTILITIES With approximately 6,200 employees and assets of $22 billion, ATCO is a diversified global corporation with investments in the essential services of: Structures & Logistics (workforce and residential housing, innovative modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defence operations services, and disaster and emergency management services); Utilities (electricity and natural gas transmission and distribution, and international electricity operations); Energy Infrastructure (electricity generation, energy storage and industrial water solutions); Retail Energy (electricity and natural gas retail sales); Transportation (ports and transportation logistics); and Commercial Real Estate. TRACK RECORD OF DIVIDEND GROWTH DIVERSIFIED ESSENTIAL SERVICES ATCO’s investments put us at the forefront of global trends. We deliver the enduring essentials required for a healthy global economy. $0.4483 28-year track record of increasing common share dividends* 93 97 01 05 09 13 17 21 * On April 14, 2021, ATCO declared a second quarter dividend of $0.4483 per share, or $1.79 per share annualized. ATCO AT A GLANCE GLOBAL GROWTH 74-year history in more than 100 countries “A-” rating by Standard & Poor’s; “A” (low) rating by DBRS Limited Total Assets $22 Billion Modular Building Manufacturing 6 Globally (1 Canada, 1 United States, Locations 2 Australia, 1 Chile, 1 Mexico) Electric Powerlines 75,000 kms Pipelines 64,000 kms Power Generation Operated 398 MW * Power Generation Owned 293 MW * Water Infrastructure Capacity 85,200 m3/d ** Natural Gas Storage Capacity 52 PJ *** Hydrocarbon Storage Capacity 400,000 m3 **** Ports and Port Operations 16 Ports, 3 Port Operation Services *megawatts **cubic metres per day ***petajoules ****cubic metres Canadian Utilities, Structures Neltume Ports, Structures & & Logistics, Commercial Real Estate Logistics, and Canadian Utilities and ASHCOR ATCO SHARE INFORMATION Canadian Utilities and Canadian Utilities Structures & Logistics Common Shares (TSX): ACO.X, ACO.Y Structures & Logistics Neltume Ports Market Capitalization $5 billion We continue to grow and expand our Weighted Average Common Shares 114.3 million international business Outstanding Adjusted earnings are earnings attributable to Class I and Class II Shares after adjusting for the It is important for prospective owners of ATCO shares to understand that ATCO is a diversified timing of revenues and expenses associated with rate-regulated activities and unrealized gains or group of companies principally controlled by Sentgraf, a Southern family holding company. It is losses on mark-to-market forward and swap commodity contracts. Adjusted earnings also exclude also important for present and prospective share owners to understand that the ATCO share one-time gains and losses, significant impairments, and items that are not in the normal course of registry has both Class I Non-Voting (ACO.X) and Class II Voting (ACO.Y) common shares. business or a result of day-to-day operations. Certain statements in this document contain forward-looking information. Please refer to our forward-looking information disclaimer in ATCO’s management’s discussion and analysis for more information. Q1 2021 RESULTS CONSOLIDATED REVENUES CONSOLIDATED ADJUSTED EARNINGS $119 M $1,056 M $1,072 M $106 M Q1 2020 Q1 2021 Q1 2020 Q1 2021 STRUCTURES & LOGISTICS ADJUSTED EARNINGS • Higher adjusted earnings were mainly due to ATCO Structures' workforce housing trade sale and rental activity, higher space rental activity, and additional ATCO Frontec client work requests at the BC Hydro Site C Camp due to COVID-19 proactive and preventative safety measures. • Awarded a $44 million contract for the supply of a 450-person camp for Pretium Exploration $14 M Inc.’s Brucejack operations in Northwest British Columbia. Detailed engineering work has commenced with manufacturing and site work expected to begin in the second quarter of 2021. Installation work is expected to be complete by the end of 2021. $7 M • Completed installation on a 450-person camp that had been previously awarded on a $12 million rental contract for 31 months. The project will support the rebuild and expansion of the China Lake Military Base in Southern California. The military base was damaged by two major earthquakes in July 2019. Q1 2020 Q1 2021 NELTUME PORTS ADJUSTED EARNINGS • Adjusted earnings were comparable to the same period in 2020. $3 M $3M Q1 2020 Q1 2021 CANADIAN UTILITIES ADJUSTED EARNINGS • Higher earnings were mainly due to cost efficiencies and continued growth in the Utilities’ asset base, earnings from International Electricity Operations, as well as demand for natural $106 M gas storage services and recovered business development costs in Energy Infrastructure. $99 M • Acquired the rights to develop the 325-MW Central West Pumped Storage Hydro project, located approximately 175 km west of Sydney, Australia. A final investment decision on project construction is expected in 2023. • Filed an application with the Alberta Utilities Commission on March 1, 2021 to postpone Electricity and Natural Gas Distribution utility rate increases for 2021 and collect the deferred amounts commencing in 2023. The current economic situation in Alberta, including hardships faced by customers due to the COVID-19 pandemic, is the rationale for the rate freeze. • Received several regulatory decisions in the first quarter of 2021 which provide regulatory certainty into the future. Q1 2020 Q1 2021 Investor Relations, c/o ATCO Ltd. [email protected] 3rd Floor, West Building T: (403) 292-7500 | F: (403) 292-7532 5302 Forand Street SW, Calgary, Alberta, Canada T3E 8B4 2021 FIRST QUARTER FINANCIAL INFORMATION INVESTOR FACT SHEET MANAGEMENT'S DISCUSSION AND ANALYSIS UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2021 TABLE OF CONTENTS Management’s Discussion and Analysis 4 Consolidated Financial Statements 34 ATCO LTD. MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE THREE MONTHS ENDED MARCH 31, 2021 This Management's Discussion and Analysis (MD&A) is meant to help readers understand key operational and financial events that influenced the results of ATCO Ltd. (ATCO, our, we, us, or the Company) during the three months ended March 31, 2021. This MD&A was prepared as of April 28, 2021, and should be read with the Company's unaudited interim consolidated financial statements for the three months ended March 31, 2021. Additional information, including the Company's previous MD&A (2020 MD&A), Annual Information Form (2020 AIF), and audited consolidated financial statements for the year ended December 31, 2020, is available on SEDAR at www.sedar.com. Information contained in the 2020 MD&A is not discussed in this MD&A if it remains substantially unchanged. The Company is controlled by Sentgraf Enterprises Ltd. and its controlling share owner, the Southern family. The Company includes controlling positions in Canadian Utilities Limited (Canadian Utilities or CU) (52.7 per cent ownership), ATCO Structures & Logistics Ltd. (100 per cent ownership), ATCO Land and Development Ltd. (100 per cent ownership), and ASHCOR Technologies Ltd. (100 per cent ownership). The Company also has a non-controlling equity investment in Neltume Ports S.A. (Neltume Ports) (40 per cent ownership). Throughout this MD&A, the Company's earnings attributable to Class I and Class II Shares and adjusted earnings are presented after non-controlling interests. Terms used throughout this MD&A are defined in the Glossary at the end of this document. ATCO LTD. 2021 MANAGEMENT'S DISCUSSION & ANALYSIS 4 TABLE OF CONTENTS Page Performance Overview.................................................................................................................................................... 6 Business Unit Performance............................................................................................................................................. 9 Structures & Logistics.................................................................................................................................................... 9 Neltume Ports................................................................................................................................................................ 12 ATCO Corporate & Other.............................................................................................................................................. 13 Canadian Utilities........................................................................................................................................................... 14 Utilities ..................................................................................................................................................................... 14 Utilities Regulatory Developments................................................................................................................... 15 Energy Infrastructure............................................................................................................................................. 16 Canadian Utilities Corporate & Other.................................................................................................................
Load more

Recommended publications
  • Western Australia Gas Statement of Opportunities
    Western Australia Gas Statement of Opportunities December 2018 Important notice PURPOSE The purpose of this publication is to provide information about the natural gas industry in Western Australia. AEMO publishes this Western Australian Gas Statement of Opportunities (GSOO) in accordance with rule 103 of the Gas Services Information Rules (GSI Rules). This publication has been prepared by AEMO using information available at 14 August 2018. Information made available after this date may have been included in this publication, where practical. DISCLAIMER This document, or the information in it, may be subsequently updated or amended. This document does not constitute legal or business advice, and should not be relied on as a substitute for obtaining detailed advice about the Gas Services Information Rules, or any other applicable laws, procedures or policies. AEMO has made every effort to ensure the quality of the information in this document, but cannot guarantee its accuracy or completeness. Accordingly, to the maximum extent permitted by law, AEMO and its officers, employees and consultants involved in the preparation of this document: • make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this document; and • are not liable (whether by reason of negligence or otherwise) for any statements or representations in this document, or any omissions from it, or for any use or reliance on the information in it. ACKNOWLEDGEMENTS AND FEEDBACK AEMO acknowledges the support, co-operation and the contribution of Gas Market Participants and gas stakeholders for providing data and information, received via formal and informal feedback, used in this publication.
    [Show full text]
  • ERM Power's Neerabup
    PROSPECTUS for the offer of 57,142,858 Shares at $1.75 per Share in ERM Power For personal use only Global Co-ordinator Joint Lead Managers ERMERR M POWERPOWEPOWP OWE R PROSPECTUSPROSPEOSP CTUCTUSTU 1 Important Information Offer Information. Proportionate consolidation is not consistent with Australian The Offer contained in this Prospectus is an invitation to acquire fully Accounting Standards as set out in Sections 1.2 and 8.2. paid ordinary shares in ERM Power Limited (‘ERM Power’ or the All fi nancial amounts contained in this Prospectus are expressed in ‘Company’) (‘Shares’). Australian currency unless otherwise stated. Any discrepancies between Lodgement and listing totals and sums and components in tables and fi gures contained in this This Prospectus is dated 17 November 2010 and a copy was lodged with Prospectus are due to rounding. ASIC on that date. No Shares will be issued on the basis of this Prospectus Disclaimer after the date that is 13 months after 17 November 2010. No person is authorised to give any information or to make any ERM Power will, within seven days after the date of this Prospectus, apply representation in connection with the Offer which is not contained in this to ASX for admission to the offi cial list of ASX and quotation of Shares on Prospectus. Any information not so contained may not be relied upon ASX. Neither ASIC nor ASX takes any responsibility for the contents of this as having been authorised by ERM Power, the Joint Lead Managers or Prospectus or the merits of the investment to which this Prospectus relates.
    [Show full text]
  • Asset Management Plan (AA4) 2014-2019 Document Code: AST PL00018
    Asset Management Plan (AA4) 2014-2019 Document Code: AST PL00018 This document is controlled within the EIM Document Management System. Please refer to the electronic version on EIM to confirm you have the latest version. Title Name Date Owner: Asset Planning Manager Tim Davies Reviewer: Asset Services Manager Mas Marsuki 14/03/2014 Approver: Chief Operating Officer Pat Donovan 14/03/2014 Document History Revision Date Amended By Details of Amendment 0 25/06/2012 Tim Davies New Document Created 1 31/09/2013 Tim Davies Updated with 2014 Business Plan approved projects 2 1/11/2013 Tim Davies Removed Non-RAB detail for Access Arrangement submission 3 14/03/2014 Tim Davies Finalised for Access Arrangement submission Page 1 of 114 Asset Management Plan (AA4) 2014-2019 EXECUTIVE SUMMARY ATCO Gas Australia (AGA) owns, operates and maintains the largest reticulated natural gas infrastructure in Western Australia. The gas reticulation networks serve Geraldton, Bunbury, Busselton, Harvey, Pinjarra, Brunswick Junction, Capel and the Perth greater metropolitan area, including Mandurah. These combined networks extend greater than 13,000km, connecting about 683,000 end users to natural gas. ATCO Gas Australia’s Gas Distribution System (GDS), covered by the Access Arrangement, operates in the Coastal gas supply areas under the conditions defined in Gas Distribution Licence 8 (GDL8). Natural Gas (NG) is distributed through the GDS from the Dampier Bunbury Natural Gas Pipeline (DBNGP) and APA Group’s (APA) Parmelia gas transmission pipeline via gate stations and Pressure Regulation Stations (PRS), designed to limit pressures in the GDS to within the Maximum Allowable Operating Pressures (MAOP) for each section of the various lower pressure networks.
    [Show full text]
  • Energy in Western Australia 2021 Conference Program CONFERENCE DAY 1: Wednesday, 28 July 2021 Time Session
    Energy in Western Australia 2021 Conference Program CONFERENCE DAY 1: Wednesday, 28 July 2021 Time Session 8.00 Conference registration and arrival tea & coffee 8.45 Introduction by Day 1 Conference MC Kate Ryan, Coordinator of Energy, Energy Policy WA 8.50 Welcome to Country Vaughn McGuire 9.00 Opening remarks by Kate Ryan, Coordinator of Energy, Energy Policy WA 9.10 Minister’s Address Hon Bill Johnston MLA, Minister for Mines and Petroleum, Energy and Corrective Services International trends and global changes 9.30 United States policy and energy trends in a global context Speaker: David J. Gainer, US Consul General Synopsis: David will review the policy changes and direction of the new United States government in energy and climate change. The administration will become more active in international relations and this has implications for Australia and all energy producers. 10.00 Global energy trends Speaker: Professor Paul Stevens, Chatham House Synopsis: Global energy trends have recently been dominated by the transition away from fossil fuels. However, recently this has been impacted by the COVID-19 pandemic leading to a dramatic fall in energy consumption. Paul will discuss the two key questions that emerge. How quickly will lost fossil fuel demand return and has the pandemic speeded up or slowed down the transition? 10.30 Morning tea-sponsored by ATCO 11.00 The NEM and the WEM Speaker: David Swift, Deputy Chair, Energy Security Board Synopsis: There are common issues associated with running a power system with a high proportion of renewable, distributed, and asynchronous generation and storage. David will look at the market structures, the trends for the NEM to 2025 and, importantly, what we can learn from each other.
    [Show full text]
  • WHEATBELT SNAPSHOT SERIES: POWER and ENERGY Version 1 – July 2014 Networks Such As the National Electricity Market (NEM)
    WHEATBELT SNAPSHOT SERIES: POWER AND ENERGY Version 1 – July 2014 networks such as the National Electricity Market (NEM). This means the system has no outside support or backup. DISCUSSION PAPER OVERVIEW Figure 2 South West Interconnected System Licensing Area Distribution The purpose of this document is to summarise the state of power and energy infrastructure in the Wheatbelt Region and identify key development issues. This document highlights the issues and limitations of existing infrastructure and identifies some of the identified short term capital works plans. Adequate power infrastructure is vital for industry and population growth in the Wheatbelt. Energy in the Wheatbelt (see figure 2) is supplied by the South West Interconnected System (SWIS), through the South West Interconnected Network (SWIN). Figure 1 Phases of electricity supply in Western Australia (Western Power 2012) Development Issues The Draft Wheatbelt Land Use Planning Strategy highlights that although energy infrastructure has a certain target capacity, energy is supplied incrementally in order to minimise costs and The SWIN is a self contained system, unlike major urban areas increase efficiencies. elsewhere in Australia which are powered through interconnected 1 Version: 01 – Revision Due 30/06/2015 • Emu Downs Wind Farm, Cervantes (79.2MW) In regions such as the Wheatbelt, only 50 to80 per cent of existing • Collgar Wind Farm, Burracoppin (206MW) capacity is currently utilised. In order for an upgrade to occur, • Merredin Energy (diesel), Merredin (82MW) increased demand that places current infrastructure at full capacity would need to be demonstrated. The Wheatbelt has considerable renewable energy opportunities, however there are challenges associated with integrating high Key development issues in the Wheatbelt region include: levels of new and often intermittent renewable energy generation into the State’s main electricity grid.
    [Show full text]
  • Attachment 12.11 Safety Case Atco 2020‐24 Plan
    ATTACHMENT 12.11 SAFETY CASE ATCO 2020‐24 PLAN EIM # 95958545 PUBLIC 31 August 2018 GAS DISTRIBUTION SYSTEM SAFETY CASE Document ID: TCO PL00005 Revision: 6 Date: 01/12/2017 Authorisation Title Name Date Owner Manager Technical Compliance Stuart Jobling 01/12/2017 General Manager Asset and Engineering Reviewer Stevan Green 01/12/2017 Innovation Reviewer General Manager Operations Russell Godsall 01/12/2017 Reviewer General Manager Construction Russell James 01/12/2017 Approver President ATCO Gas Australia Pty Ltd Pat Donovan 01/12/2017 This document is controlled within the Enterprise Information Management (EIM) System. Please refer to the electronic version on EIM to confirm you have the latest version. GAS DISTRIBUTION SYSTEM SAFETY CASE THIS PAGE HAS BEEN LEFT INTENTIONALLY BLANK FOR THE PURPOSE OF DOUBLE-SIDED PRINTING Document: TCO PL00005 Page 2 of 167 WARNING: UNAUTHORISED ACCESS OR DEALING Revision: 6 WITH THIS DOCUMENT IS STRICTLY PROHIBITED Date: 01/12/2017 GAS DISTRIBUTION SYSTEM SAFETY CASE Document History Rev No Date Amended by Details of Amendment 0 19/07/2001 G. Lukies Issued for submission to EnergySafety. 1 29/07/2005 J. Kong Major amendment for resubmission to EnergySafety. Revised to incorporate EnergySafety comments and to reflect new Alinta 2 05/04/2007 S. de Grauw Asset Management structure (supersedes ANS-RPT-22002). Revised and restructured to incorporate EnergySafety comments and to 3 23/03/2011 J. Galey reflect internalised WAGN organisational structure. Revised to incorporate recommended revisions as defined in the Preliminary 4 13/07/2011 J. Galey Certificate audit report and conditions specified in EnergySafety’s approval.
    [Show full text]
  • ANNUAL REPORT 2019L20
    ANNUAL REPORT 2019 l20 Statement of compliance Hon. Ben Wyatt MLA Treasurer 11th Floor, Dumas House Havelock Street West Perth WA 6005 Dear Treasurer Economic Regulation Authority 2019/20 Annual Report In accordance with section 61 of the Financial Management Act 2006, I hereby submit for your information and presentation to Parliament, the annual report of the Economic Regulation Authority for the financial year ended 30 June 2020. The annual report has been prepared in accordance with the provisions of the Financial Management Act 2006, the Public Sector Management Act 1994, and the Treasurer’s Instructions. Yours sincerely, Nicola Cusworth Chair 2019 l20 Contact details Address Level 4, Albert Facey House 469 Wellington Street, Perth WA 6000 Telephone 08 6557 7900 Email [email protected] Website www.erawa.com.au Accessing the annual report The 2019/20 annual report and previous reports are available on the ERA’s website: www.erawa.com.au. To make the annual report as accessible as possible, we have provided it in the following formats: • An interactive PDF version. • A text version that is suitable for use with screen reader software applications. This report can also be made available in alternative formats on request. National Relay Service TTY: 13 36 77 CONTENTS 02 Statement of compliance 26 Corporate Services 03 Contact details 26 Records management 03 Accessing the annual report 27 Key performance indicators 04 Contents 28 Financial performance 05 Overview 29 Significant issues affecting the agency 05 Our values 30 COVID-19 06
    [Show full text]
  • The Hydrogen Strategy Update
    The hydrogen strategy update Tuesday 8 October 2019, 7.00am to 9.30am Grand River Ballroom, Pan Pacific Perth MAJOR SPONSORS www.ceda.com.au agenda 7.00am Registrations 7.30am Welcome Paula Rogers State Director WA, CEDA 7.35am Opening keynote address The Hon. Alannah MacTiernan MLC WA Minister for Regional Development; Agriculture and Food; Ports 7.45am Keynote presentation Dr Alan Finkel AO Chief Scientist of Australia 8.05am Breakfast 8.25am Moderated discussion and questions with Jeff Connolly, Chairman and Chief Executive Officer, Siemens Bernadette Cullinane, Partner and Australian Oil, Gas & Chemicals Leader; Global LNG Leader, Deloitte Terry Kallis, Executive Chairman, Hydrogen Renewables Australia Luc Kox, Commercial Manager, Hazer Group Russell James, General Manager, Business Development West, ATCO 9.25am Vote of thanks Paula Rogers State Director WA, CEDA 9.30am Close sponsor Major Event Sponsor ATCO Twitter: @ATCOAustralia ATCO’s global customers depend on them to solve their challenges – big and small. With diverse products and services across many industries, ATCO are a one- stop provider of integrated energy, housing, transportation and infrastructure solutions. They provide customers with innovative, sustainable solutions in the sectors that are fundamental to global growth and prosperity: housing, real estate, energy, water, transportation and agriculture. From the delivery of efficient and reliable energy for homes, businesses and communities, to affordable temporary and permanent buildings, they build communities, energise industries and deliver customer-focused solutions like no other company in the world. ATCO has been serving Australian businesses since 1961, originally leveraging their Structures & Logistics expertise to support the resource sector in Australia, moving into the supply and management of energy in the 1990s.
    [Show full text]
  • Statement of Corporate Intent 2010( Tabled Paper Number 1698)
    Statement2010 of Corporate Intent Statement of Corporate Intent 2010 Table of contents EXECUTIVE SUMMARY 3 1 INTRODUCTION 4 2 BUSINESS OVERVIEW 5 2.1 Who we are 5 2.2 What we do 5 2.3 How we do it 5 3 STRATEGIC OBJECTIVES 6 3.1 Corporate purpose 6 3.2 Values 7 3.3 Business objectives 7 3.4 Performance measures 8 4 SUMMARY OF MAJOR PROGRAMS 9 4.1 Asset management 9 4.2 Pilbara Energy Grid 9 4.3 Remote service extension 10 4.4 Customer service 10 4.5 Knowledge and technology 11 4.6 Carbon management 11 4.7 Leadership capability 12 5 FINANCIAL IMPACTS 13 5.1 Business impacts 13 6 ACCOUNTING AND DIVIDEND POLICIES 15 7 MINISTERIAL REPORTING 16 Statement of Corporate Intent 2010 2 Executive summary Horizon Power is a Government owned, vertically integrated energy business providing energy solutions to residential, business and industrial customers living and operating throughout regional Western Australia. Horizon Power’s service area is vast, covering all areas outside the South West Interconnected System (SWIS), and extending from Kununurra in the north to Esperance in the south. Operating within the legislative framework and the external environment, Horizon Power’s purpose is to create lasting value from its activities by maximising the social, environmental and economic benefit for the company and the communities which we service. This is reflected in Horizon Power’s business objectives, which are: • Social. To increase customer and community value. • Environmental. To reduce operating impact, influence customer behaviour, and offer sustainable solutions. • Economic. To grow profitably and deliver value from regional development.
    [Show full text]
  • Read the ATCO & CU April 2020 Investor Presentation
    INVESTOR PRESENTATION APRIL 2020 LEGAL DISCLAIMER Statements made by representatives for ATCO Ltd. and Canadian Utilities Limited and information provided in this presentation may be considered forward-looking statements. By their nature, such statements are subject to numerous known and unknown risks and uncertainties and therefore actual results may differ materially from those currently anticipated. ATCO Ltd. and Canadian Utilities Limited disclaim any intention or obligation to update or revise such statements. Due to the nature of the Corporation’s operations, quarterly revenues and earnings are not necessarily indicative of annual results. INVESTOR PRESENTATION APRIL 2020 2 ORGANIZATIONAL STRUCTURE ATCO (TSX: ACO.X / ACO.Y) STRUCTURE & LOGISTICS ENERGY PORTS AND TRANSPORTATION REAL ESTATE Canadian Utilities (TSX: CU / CU.X) INVESTOR PRESENTATION APRIL 2020 3 FINANCIAL STRENGTH & RESILIENCY INVESTMENT GRADE RATINGS DBRS S&P INVESTOR PRESENTATION APRIL 2020 5 INVESTMENT GRADE RATINGS “DBRS expects ATCO’s ATCO Ltd. A (low) Stable consolidated metrics to remain stable over the medium term, as Canadian Utilities Limited (CU) A Stable cash flow at CU is expected to improve in line with the growing rate base at CU’s regulated CU Inc. A (high) Stable businesses” ATCO Ltd. A- Stable “Majority of cash flow is backed by stable regulated utility Canadian Utilities Limited A- Stable operations. ATCO has strong management, governance and liquidity.” CU Inc. A- Stable INVESTOR PRESENTATION APRIL 2020 6 FINANCIAL STRENGTH & LIQUIDITY LINES OF CREDIT 2020 CAPITAL INVESTMENT & FUNDING ($ MILLIONS) ($ MILLIONS) at December 31, 2019 2020 Cash Flow Net of Interest and $3,574 Dividends Additional Liquidity Cash $2,548 at Dec.
    [Show full text]
  • 2014-06-18 QON Electrical Accidents
    18 JUN 2014 LEGISLATIVE COUNCIL Question on notice Tuesday, 6 May 2014 1123. Hon Robin Chapple to the Minister for Commerce. I refer to all electricity accidents/incidents, including electrical shocks, accidents and fatalities, and fuel gas incidents that occur in Western Australia, and as reported to the Department of Commerce-EnergySafety under the Electricity (Licensing) Regulations 1991, and Regulation 42 ofthe Gas Standards (Gasfitting and Consumer Gas Installations) Regulations 1999 for the following energy providers Horizon Power, Wester Power, including the South West interconnected system, Alinta Networks, Synergy, Verve Energy, Rio Tinto, BHP Billiton Newman and BHP Billiton Nickel West, and I ask: (a) will the Minister please provide details of how many work safety incidents have occurred over the past three months (please list the numbers specific to each energy provider); (b) will the Minister please provide details of how many investigations into the work safety incidents are currently being conducted (please list the numbers specific to each energy provider); (c) will the Minister please provide details of how many investigations are currently outstanding (please list the numbers specific to each energy provider); and (d) if the Minister will not provide details for (a), (b), and/or (c), why not? Answer (a) - (c) Please see Tabled Paper No: (d) Synergy and Verve Energy are not network operators and are not required to report under these obligations. Legislative Council Parliamentary QuestionNo: 1123 [Tabled Paper No: ~ ~ (a) February Network Operator March 2014 April 2014 Total 2014 Horizon Power 5 2 1 8 Western Power 28 27 20 75 Alinta Networks! I 2 2 5 Rio Tinto 2 6 3 11 BHP Billiton 1 4 5 10 Nickel West 3 0 0 3 Total 40 41 31 112 Note 1: Alinta Networks refers to Alinta Energy, which is the gas retailer.
    [Show full text]
  • Annual Report 2015-2016 Statement of Compliance Hon
    Annual Report 2015-2016 Statement of compliance Hon. Dr Mike Nahan MLA Treasurer 13th Floor, Dumas House Havelock Street West Perth WA 6005 Dear Treasurer ECONOMIC REGULATION AUTHORITY 2015-16 ANNUAL REPORT In accordance with section 61 of the Financial Management Act 2006, we hereby submit for your information and presentation to Parliament, the annual report of the Economic Regulation Authority for the financial year ended 30 June 2016. The annual report has been prepared in accordance with the provisions of the Financial Management Act 2006, the Public Sector Management Act 1994 and the Treasurer’s Instructions. Yours sincerely, Stephen King Steve Edwell Member Member ii Annual Report 2015-2016 Economic Regulation Authority OVERVIEW Contact details Accessing the annual report Office address Our 2015-16 annual report and previous annual reports are PERFORMANCE Office hours 9:00 am to 5:00 pm Monday to Friday available on our website www.erawa.com.au (except public holidays) To make our annual report as accessible as possible, we have provided it in the following formats: Street address Level 4, Albert Facey House • An interactive PDF version, which has links to other 469 Wellington Street sections of the annual report, as well as external links to PERTH WA 6000 content on our website. SIGNIFICANT ISSUES Postal address • An online version, which allows for quick and easy viewing PO Box 8469 of annual report sections. This version also features easy PERTH WA 6849 to use download and print functions. Telephone: (08) 6557 7900 • A text version, which is suitable for use with screen reader Facsimile: (08) 6557 7999 software applications.
    [Show full text]