DOCSLIB.ORG

ATCO Power Transalta Capital Power Corporation ENMAX

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Electricity at a glance GENERATION Generating ATCO Power facilities convert TransAlta various forms of Capital Power Corporation energy into ENMAX Energy electric power. Wind turbines Cogeneration plants TRANSMISSION Transmission AltaLink lines connect the ATCO Electric power produced ENMAX Power (Calgary) at generating EPCOR (Edmonton) facilities to substations. SUBSTATION Substations are AltaLink the connection ATCO Electric points between ENMAX Power (Calgary) transmission and EPCOR (Edmonton) distribution systems. DISTRIBUTION Distribution lines FortisAlberta carry electricity ATCO Electric to homes, farms ENMAX Power (Calgary) and businesses. EPCOR (Edmonton) Rural Electrification Associations RETAILERS Retailers give Direct Energy consumers a ENMAX (Calgary) choice of EPCOR Energy (Edmonton) electricity service Just Energy Alberta providers. City of Lethbridge Utilities YOU Electricity is delivered to homes, farms and businesses. Public consultation Your involvement is important to us. AltaLink understands that landowners, occupants and residents have information we need to consider when evaluating potential routes. Input from affected stakeholders is very important to the process of selecting the route with the lowest overall impact. We will work with you to ensure your questions and concerns are understood and responded to. After this preliminary stage of consultation we will use your input to refine route options and will consult with you again about these refined options in the winter of 2010. One-on-one consultation To set up a one-one-one consultation please talk to an AltaLink representative or call us toll-free at 1-877-269-5903. Our information centre also provides the opportunity to meet with AltaLink representatives at times convenient for you. The information centre is scheduled to be open from 12 - 8 p.m. and is located at 60-1825 Bomford Crescent SW. The information centre will be open the following dates: Thursday, August 12 Thursday, August 19 Friday, August 13 Friday, August 20 Saturday August 14 Saturday, August 21 Key players AltaLink AltaLink is an independent company that owns and operates approximately 11,800 kilometres of transmission lines and 270 substations. We provide electric service to more than 85 per cent of Albertans and own the majority of the transmission system in central and southern Alberta. The Alberta Electric System Operator (AESO) The AESO is an independent, not-for-profit entity responsible for the safe, reliable and economic planning and operation of the Alberta Interconnected Electric System. The AESO determines the need for transmission reinforcement and directs Transmission Facility Owners, such as AltaLink, to submit a Facility Application for permitting and licensing to construct and operate transmission facilities. The Alberta Utilities Commission (AUC) The AUC is a quasi-judicial agency that ensures the fair and responsible delivery of our utility services. The AUC is the provincial regulator responsible for reviewing Facility Applications. AUC approval is required before construction of facilities can occur. Southern Alberta Transmission Reinforcement Project AESO Preferred Option for Transmission Reinforcement in Southern Alberta Airdrie Cochrane Banff Canmore Calgary Strathmore Bassano Okotoks Black Diamond Turner Valley High River Brooks Saskatchewan Vulcan Nanton Stavely Redcliff British Vauxhall Columbia Claresholm Medicine Hat Bow Island Granum Picture Butte Taber Fort Macleod Coaldale Crowsnest Pass Lethbridge Substations Raymond Foremost 500 kV Pincher Creek Magrath 240 kV 138 kV 69 kV Cardston Rivers Milk River Cities NID Approved 240 kV Double Circuit Wind Interest Zones Canada/United States Border Potential Areas For Transmission Development Alberta’s electrical grid needs more capacity to make room for power generated from new wind farm projects proposed throughout southern Alberta. New transmission lines are required to support this growth and collectively these projects make up the Southern Alberta Transmission Reinforcement Project (SATR). The Medicine Hat 138 kV Project is included in the SATR. The AESO filed the need for SATR in a formal application with the AUC in December 2008. The AUC completed a public hearing in June 2009 in Lethbridge to review the need for these projects. The AUC approved the need for these projects in September 2009. Project overview !Bowmanton CHAPPICE LAKE 649S " er ") iv th R u an Bowmanton So ew 244S ch at sk Sa VU41 VU524 MEDICINE REDCLIFF HAT " Veinerville ! VU41A MEDICINE HAT 41S Desert VU523 Blume BULLSHEAD ! ! 1 523S Roytal VU " !Dunmore VU3 ! Bullshead Seven Persons !VU887 The Medicine Hat 138 kV Transmission Project includes: • A new 138 kV double circuit transmission line from the existing Bullshead Substation to the proposed Bowmanton Substation • Upgrades to the existing single circuit 138 kV transmission line between the existing Medicine Hat Substation and the existing Chappice Lake Substation area by removing the existing line and constructing a new double circuit 138 kV line • Some structures may be removed, and some new structures added in the immediate area around both the Bullshead Substation and Medicine Hat Substation • A new 138 kV single circuit transmission line approximately 800 metres in length connecting the proposed Bowmantion Substation to the existing Chappice Lake Substation • Additions to the proposed Bowmanton Substation and existing Medicine Hat, Bullshead and Chappice Lake Substations to accommodate the proposed new transmission lines Landowner compensation AltaLink is committed to providing fair and reasonable compensation to landowners who may have transmission facilities on their property. We provide compensation for easements and Annual Structure Payments (ASP) for the land used by our transmission facilities. Information regarding compensation and the easement acquisition process will be available throughout the consultation process. Environmental evaluation The environmental evaluation involves reviewing available databases, maps and other references along with field surveys. It examines: • Provincial fisheries, wildlife and vegetation inventories • Alberta natural heritage and cultural area inventories • Wetlands and water body data • Environmental literature • Aerial and roadside reconnaissance of potential routes • Public input and regulatory consultation • Rare plant and vegetation surveys • Wetland and watercourse surveys • Wildlife surveys • Soil and geo-technical assessments The environmental evaluation will help define mitigation measures to prevent or reduce potential environmental impacts. Environment How does AltaLink consider the environment in project planning? • Incorporate environmental evaluation results into route selection process • Avoid environmentally sensitive areas • Where avoidance is not possible, develop mitigation plans to minimize disturbance • Parallel existing corridors such as roads, pipelines, power lines and quarter lines where applicable • Ensure routes meet all current environmental regulations Route identification process This diagram shows how we identify potential route options. Route identification criteria The table below lists the general criteria we take into consideration when identifying and refining potential routes. Criteria Examples Agricultural • loss of crops • reduced efficiency of field operations Residential • loss of developable lands and constraints on development • proximity to residences Environmental • alteration of natural areas and interference with outdoor educational opportunities Cost • construction costs and land acquisition costs Electrical • reliability and reparability of the line Visual • visual impact of structures and lines as seen from residences, farms, roads and recreational installations Special • electrical interference considerations with radio transmitting stations and other telecommunication equipment etc. Please let us know if you think there are other important criteria we should consider when refining route options. Project details This project involves transmission line development in the Medicine Hat area. • A new double circuit 138 kV (138,000 volts) transmission line approximately 45 to 55 kilometres in length, from the existing Bullshead Substation (located about three kilometres south-west of Desert Blume) to the proposed Bowmanton Substation (located on the east side of Range Road 43, south of Township Road 144). From the proposed Bowmanton Substation to Township Road 114, the eastern most proposed routing parallels PROPOSED LINE 674L/675L a portion of the proposed East Medicine Hat to Whitla transmission line route. 5m 4m 4m 17.0m - 23.5m 17.0m - 23.5m 17.0m - 23.5m 1m 1m 1m EXISTING: 138kV SINGLE CIRCUIT PROPOSED: 138kV SINGLE CIRCUIT POLE PROPOSED: 138kV DOUBLE CIRCUIT POLE WOOD POLE • A new single circuitPROPOSED 138 LINE kV 674L/675L transmission line approximately 800 metres in length between the existing Chappice Lake Substation and the 5m proposed Bowmanton Substation. 4m 4m 2010-06-15 4:17:14 PM W:\Project1\62294 SATR Stgae 1.E Med Hat To Whitla\Drawings\0964L\Orig\max 138Kv brochure\138Kv brochure R1.dgn 17.0m - 23.5m 17.0m - 23.5m 17.0m - 23.5m 1m 1m 1m EXISTING: 138kV SINGLE CIRCUIT PROPOSED: 138kV SINGLE CIRCUIT POLE PROPOSED: 138kV DOUBLE CIRCUIT POLE WOOD POLE 2010-06-15 4:17:14 PM W:\Project1\62294 SATR Stgae 1.E Med Hat To Whitla\Drawings\0964L\Orig\max 138Kv brochure\138Kv brochure R1.dgn Project details – continued • Upgrade the existing single circuit 138 kV transmission line
Recommended publications
  • Understanding Transmission

    Understanding Transmission

    Proposed Project Schedule the environmental, engineering, land-use, social and economic variables. Transmission Line Substation: The substation is called West Brooks 28S. September-December 2008 Consultation with stakeholders The substation upgrades include replacing existing transformers January 2009 Application filing to the Alberta and upgrading the existing line terminations at the substation. Stakeholder Information Brochure Utilities Commission (AUC) All work to be done is within land owned by AltaLink. Mid August 2009 Construction start, pending Brooks transmission line development approval from the AUC Environmental and land-use considerations & substation upgrade December 2009 In-Service Date AltaLink is committed to reducing environmental and land-use impacts. Alberta Environment’s guidelines will be followed during Substation Upgrade the preparation and construction of the substation. September-December 2008 Notification to stakeholders AltaLink will ensure its contractors use environmentally appropriate An AltaLink representative will be contacting all landowners within January 2009 Application filing to the Alberta The proposed project techniques to protect topsoil and subsoil structures and use 800 metres of the proposed transmission line. AltaLink is also Utilities Commission (AUC) appropriate equipment to minimize compaction and rutting. AltaLink has been directed by the Alberta Electric System Operator holding an open house to discuss the project, gather feedback March 2009 Construction start, pending (AESO) to build a transmission line and upgrade an existing and address questions and concerns. approval from the AUC substation in the Brooks area. AltaLink is the Transmission Facility For more information Date: October 22, 2008 May 2009 In-Service Date Owner (TFO) in the area and is responsible for finding a suitable Over the next few weeks an AltaLink representative will be location for the proposed transmission line.
  • Altalink, L.P. Management’S Discussion and Analysis May 3, 2021

    Altalink, L.P. Management’S Discussion and Analysis May 3, 2021

    AltaLink, L.P. Management’s Discussion and Analysis May 3, 2021 Table of Contents Management's Discussion and Analysis ............................. 1 Executive Summary ............................................................. 2 Our Ownership Structure .................................................... 4 Our Business and Strategies ................................................ 5 Transmission Tariffs .......................................................... 10 Major Capital Projects ....................................................... 21 Non-GAAP Financial Measures ......................................... 22 Financial Position and Cash Flows..................................... 23 Liquidity and Capital Resources ........................................ 24 Results of Operations ........................................................ 27 Risk Management ............................................................. 30 Transactions with Related Parties ..................................... 32 Legal Proceedings and Contingencies ............................... 33 Off Balance Sheet Arrangements ...................................... 33 Critical Accounting Estimates ............................................ 33 Accounting Changes .......................................................... 33 Forward Looking Information ........................................... 34 THREE MONTHS ENDED MARCH 31, 2021 AND 2020 MANAGEMENT’S DISCUSSION AND ANALYSIS Management's Discussion and Analysis This Management's Discussion and Analysis (MD&A)
  • Central East Transfer out Transmission Project

    Central East Transfer out Transmission Project

    PROJECT UPDATE PROJECT June 2019 CENTRAL EAST TRANSFER OUT TRANSMISSION PROJECT In January 2019, ATCO Electric Ltd. (ATCO) distributed project information about the Central East Transfer Out Transmission Project to landholders Project Details in the vicinity of the planned transmission line and invited feedback on our preliminary routes. We also held a series of open houses in February ATCO Electric Ltd. (ATCO) and AltaLink were for people to learn more about the Project. both directed by the Alberta Electric System Since then, we have been meeting with landholders in the vicinity of the Operator (AESO) to develop portions of the routes under consideration. Central East Transfer Out Transmission Project. To date, we have had over 500 conversations with landholders about the ATCO is proposing to add two staged Project. We would like to thank everyone who provided their feedback. 240-kilovolt transmission lines between the existing Tinchebray substation near the Village of Halkirk and the service territory boundary near the Village of Alix and the Village of Nevis. Routing Update This is to reinforce and upgrade the transfer out capability of the transmission system in The input we received during the first round of consultation has been the central east area to the rest of Alberta’s compiled and examined. This input has been used in combination with Interconnected Electric System. other available information to refine the route options and reduce the overall impact of the transmission line. An updated Reference Map ATCO will also require alterations to the showing the selected routes is enclosed. existing Tinchebray 972S substation. In ATCO’s service territory, the total line length will be You continue to have the opportunity to provide your input on the approximately 160 kilometres (km) long.
  • Project Information

    Project Information

    Project Information EASTERN ALBERTA HVDC TRANSMISSION PROJECT May 2010 Project Overview Why are you receiving this project This project includes: information package? • About 500 kilometres of new power transmission ATCO Electric is planning to build new power line between the Gibbons-Redwater area northeast transmission facilities between the Gibbons-Redwater of Edmonton and the Brooks area southeast of and Brooks areas in eastern Alberta. Calgary. The new line will be built and operated We have prepared this information package for as a 500 kilovolt (kV) high voltage direct current landowners, occupants, agencies and interested parties (HVDC) line. located near the preliminary route and site options for • A new converter station and related facilities at each the Eastern Alberta HVDC Transmission Project. end of the new line, to convert power from alternating current (AC) to direct current (DC) and This package will provide you with important project to connect the new facilities to the Alberta electric information. We invite any comments, questions or transmission system. concerns you may have. Project Study Area Contact Us Your comments and concerns are important to us, please contact us at: HVDC Project ATCO Electric 10035 - 105 Street Edmonton, AB T5J 2V6 Telephone toll-free: 1-866-650-2463 Fax: 780-420-3666 Email: [email protected] Website: www.atcoelectric.com Project Need Proposed Converter Stations The Alberta Electric System Operator (AESO) has A converter station is needed at each end of the line to identified the need for new critical transmission convert power from alternating current (AC) to direct infrastructure to meet electricity demand and underpin current (DC), and from DC to AC.
  • We Want Your Input Electricity at a Glance

    We Want Your Input Electricity at a Glance

    Welcome Langdon to Janet Transmission Project OPEN HOUSES MAY 2011 We want your input Electricity at a glance Generating GENERATION Generating facilities convert GenerationATCO Power facilities convert ATCOTransAlta Power various forms of various forms of energy into Generating CapitalGENERATIONTransAlta Power Corporation energy into electric power. facilities convert ENMAXCapitalATCO Power Energy Power Corporationelectric power. various forms of GENERATIONWindENMAXTransAlta turbines Energy Generating GENERATION energyGenerating into CapitalCogenerationWind ATCOPower turbinesPower Corporation plants facilities convert ATCO Power facilitieselectric power. convert ENMAXTransAlta Energy variousGenerating forms of GENERATIONCogenerationTransAlta plants various forms of CapitalWind Power turbines Corporation facilitiesTransmissionenergy convertinto CapitalTRANSMISSION ATCOPower Power Corporation energy into CogenerationENMAX Energy plants linesvariouselectric connect forms power. the of GENERATIONENMAXTransAltaAltaLink Energy electricGenerating power. CapitalWindATCO Power turbinesElectric Corporation powerenergy produced into WindATCO turbines Power facilitiesTransmission convert Transmission lines TRANSMISSIONENMAXCogenerationENMAXTransmission Power Energy (Calgary) plants electricat generating power. CogenerationTransAlta plants linesvarious connect forms the of EPCORWindAltaLinkAltaLink (Edmonton) turbines facilities to connect the power Capital Power Corporation powerenergy produced into CogenerationATCO ElectricElectric plants Transmissionsubstations.
  • Buffalo Creek Transmission Project

    Buffalo Creek Transmission Project

    PROJECT UPDATE PROJECT June 2020 BUFFALO CREEK TRANSMISSION PROJECT Component of Provost to Edgerton and Nilrem to Vermilion Transmission System Reinforcement Project. Project Details In September 2019, ATCO Electric Ltd. (ATCO) distributed project ATCO Electric Ltd. (ATCO) and Altalink Management information about the Buffalo Creek Transmission Project to landholders Ltd. (Altalink) were both directed by the Alberta in the vicinity of the planned transmission line and invited feedback on our Electric System Operator (AESO) to develop portions preliminary routes. We also held an open house in October in Mannville for of the Provost to Edgerton and Nilrem to Vermilion people to learn more about the Project. Transmission Reinforcement Project (PENV). Since then, we have been meeting with landholders in the vicinity of the ATCO is proposing the Buffalo Creek Transmission routes under consideration. Project, that will consist of adding a new 144-kilovolt transmission line on steel mono-poles, starting from To date, we have had over 200 conversations with landholders about the the existing 7L65 Transmission Line near the Village Project. We would like to thank everyone who provided their feedback. of Mannville into a new substation, to be known as Drury. ATCO has identified three target areas for the Routing Update Drury substation, based on proximity to routes that are still being considered for the project. The target The input we received during the first round of consultation has been areas are shown on the ATCO Reference Map. A new compiled and examined. This input has been used in combination with single circuit 240-kilovolt transmission line will be other available information to refine the route options of the transmission constructed on wooden H-Frame structures from the lines.
  • Open PDF File of Data Source

    Open PDF File of Data Source

    Members List U.S. Investor-Owned Electric Companies International Members Associate Members EEI is the association that represents all U.S. investor-owned electric companies. Our members provide electricity for 220 million Americans, operate in all 50 states and the District of Columbia, and directly and indirectly employ more than one million workers. Safe, reliable, affordable, and clean energy powers the economy and enhances the lives of all Americans. Organized in 1933, EEI provides public policy leadership, strategic business intelligence, and essential meetings and forums. U.S. Investor-Owned Utilities AES Corporation Emera Maine OGE Energy Corporation Dayton Power & Light Company Empire District Electric Company Oklahoma Gas & Electric Company Indianapolis Power & Light Company Entergy Corporation Ohio Valley Electric Corporation ALLETE Entergy Arkansas Oncor Minnesota Power Entergy Louisiana Otter Tail Corporation Superior Water, Light and Power Company Entergy Mississippi Otter Tail Power Company Alliant Energy Corporation Entergy New Orleans PG&E Corporation Ameren Corporation Entergy Texas Pacific Gas & Electric Company Ameren Illinois Eversource Energy Pinnacle West Capital Corporation Ameren Missouri Exelon Corporation Arizona Public Service Company American Electric Power Baltimore Gas & Electric Company PNM Resources AEP Ohio Commonwealth Edison Company PNM AEP Texas PECO Energy Company TNMP Appalachian Power Pepco Holdings Portland General Electric Indiana Michigan Pepco PPL Corporation Kentucky Power Atlantic City Electric
  • Bargaining Update, October 2014

    Bargaining Update, October 2014

    Bargaining Update October 2014 In this Issue: Bargaining Update is a monthly report that provides information about the unionized workforce, primarily in Alberta. 2 Alberta Settlements 5 Major Negotiations 7 Recent Settlements in Other Jurisdictions In October 2014, Mediation Services received settlement information regarding 55 bargaining relationships encompassing 37,296 employees. 8 Sector Wage Changes, 2013 – 2018 There were 46 private sector and 9 public sector settlements, covering 9 Industry Wage Changes, 2013 - 2016 33,969 and 3,327 employees respectively. 10 Average Weekly Earnings [AWE] Of this total, 29 settlements covering 30,969 employees were wage re- openers. 11 Consumer Price Index [CPI] 12 CPI and AWE Comparison Highlights Transalta Generation Partnership On October 24, 2014 employees voted in favour of the recommendations of the mediator in a vote conducted by the Alberta Labour Relations Board. ATCO Electric On October 10, 2014 ATCO Electric and the Canadian Energy Workers Association representing about 1,600 employees ratified a new three year agreement. Construction Wage Increases In 2011 CLR-A and the Building Trades unions agreed to a wage determination formula as the method to determine semi-annual wage th increases. In the 4 and final year of the agreement, the 2014 increases ranged from approximately 0.9% to 3.4%. For further information, contact: Collective Bargaining Information Services Mediation Services, Alberta Jobs, Skills, Training and Labour 702, 10808 – 99 Avenue Edmonton AB T5K 0G5 Telephone: 780-427-8301 Fax: 780-427-6327 E-mail: [email protected] Alberta Settlements Settlements presented in this section are selected from those with 100 or more employees.
  • New Transmission Lines

    New Transmission Lines

    Welcome High River and Okotoks Transmission Project OPEN HOUSES NOVEMBER 2011 Did you know? Electricity consumption in Calgary and the communities south and east of Calgary is expected to increase by approximately 30% in the next decade. Source: Alberta Electric System Operator Your input is important to us. Electricity at a Glance GENERATION GeneratingGenerating facilities convert Ge nATCO e ra Power t i o n facilities convert ATCOTransAlta Power various formsvarious of forms of energy into energy into CapitalTransAltaGENERATION Power Corporation Generatingelectric power. ENMAX Energy electric power. CapitalATCO Power Power Corporationfacilities convert Wind turbines Generating ENMAXGENERATIONTransAlta Energy various forms of GENERATIONCogenerationATCO Power plants facilitiesenergyGenerating intoconvert CapitalWind Power turbines Corporation facilitiesvarious forms convert of ENMAXATCOTransAlta Power Energy electric power. CapitalCogenerationGENERATION PowerTransAlta Corporation plants variousTransmissionenergyGenerating forms into of TRANSMISSIONWind turbines electricenergy power. into CapitalENMAX ATCOPowerAltaLink Power EnergyCorporation facilitieslines connect convert the Cogeneration plants electric power. ENMAXWindATCOTransAlta turbines ElectricEnergy variouspower producedforms of Generating CapitalENMAXGENERATIONCogenerationWind Power Power turbines Corporation (Calgary)plants atenergy generating into TRANSMISSION facilitiesTransmission convert TransmissionCogenerationEPCORENMAXATCO (Edmonton) Power Energy plants electricfacilities
  • Appendix C Participant Involvement Program (Pip)

    Appendix C Participant Involvement Program (Pip)

    APPENDIX C PARTICIPANT INVOLVEMENT PROGRAM (PIP) Riverview Substation PIP Summary 1.0 Participant Involvement Program (PIP) 1.1 PIP Design The AESO’s PIP was designed to notify the parties notified in the transmission facility owners’ (TFOs’) PIP and any other parties that the AESO determines may have an interest in the needs identification document, including, but not limited to: i. occupants, landowners or residents; ii. local authorities, agencies and government which have responsibilities related to electric transmission line development; iii. First Nations and Métis; and iv. market participants (collectively, Stakeholders). The AESO’s PIP has been conducted in accordance with the requirements of Section 6.2.1, NID19 and Appendix A2 of the current Alberta Utilities Commission Rule 007 (AUC Rule 007), effective July 4, 2017. From November 2016 to November 2017, the AESO conducted a PIP to assist in preparing its Riverview Substation Needs Identification Document (NID). The AESO directed the transmission facility owners (TFOs), in this case AltaLink Management Ltd. (AltaLink), in its capacity as general partner of AltaLink, L.P., and EPCOR Distribution and Transmission Inc. (EDTI), to assist the AESO in providing notification as part of the AESO’s PIP. 1.2 Stakeholder Notification The Stakeholder notification included two distinct rounds of notification. Round 1 occurred between November 2016 and April 2017 and Round 2 occurred between September 2017 and November 2017. As discussed in Section 1.2.2, Round 2 notifies Stakeholders of
  • Foothills Area Transmission Development

    Foothills Area Transmission Development

    ProvostFoothills to Area Edgerton and Nilrem to VermilionTransmission Transmission Development Development South Calgary FebruaryOctober 20162014 Electricity system Cold Lake THE PROPOSED TRANSMISSION improvements near you DEVELOPMENT INCLUDES: Fort McMurray The existing transmission system in your area is reaching its capacity to reliably A new 240 kV transmission line, transmit electricity. New transmission system development is required to maintain originally energizedCold La atke 138 kV, the reliability of electricity supply to homes, businesses and industry in the area from the existing Hansman as demand for electricity increases. Transmission reinforcement will also provide Edmonton Lake 650S substation to the expanded options to connect renewable generation, should it develop in the area. existing Edgerton 899S The AESO is proposing a 240 kV transmission development that will initially operate at substationCalgary a lower voltage, 138/144 kV, to reinforce the existing transmission system. As demand A new 240 kV transmission line, increases, or if renewable generation develops in the area, the development can be originally energized at 144 kV, upgraded to a higher 240 kV voltage, with moderate additional transmission facilities. from the existing Nilrem 574S If the need to upgrade arises, the AESO will be required to seek additional approvals, substation to a new substation, and will inform stakeholders of such plans, before energizing at 240 kV. to be named Drury 2007S, in the Vermilion area 16 The AESO plans to file our application Edmonton for the need for this development in 16 Vermilion Lloydminster Winter 2016/17. A l b e r t a / Viking S a AltaLink Management Ltd. (AltaLink) and ska ATCO Electric Ltd.
  • Canadian Utilities Limited (CU.TO) Rating OUTPERFORM* Price (27 Oct 14, C$) 40.00 INITIATION Target Price (C$) 46.00¹ 52-Week Price Range 41.27 - 35.12 Market Cap

    Canadian Utilities Limited (CU.TO) Rating OUTPERFORM* Price (27 Oct 14, C$) 40.00 INITIATION Target Price (C$) 46.00¹ 52-Week Price Range 41.27 - 35.12 Market Cap

    28 October 2014 Americas/Canada Equity Research Multi Utilities Canadian Utilities Limited (CU.TO) Rating OUTPERFORM* Price (27 Oct 14, C$) 40.00 INITIATION Target price (C$) 46.00¹ 52-week price range 41.27 - 35.12 Market cap. (C$ m) 10,510.64 Core Canadian Growth Supplemented by Enterprise value (C$ m) 17,434.67 *Stock ratings are relative to the coverage universe in each Selected Geographic Expansion analyst's or each team's respective sector. ¹Target price is for 12 months. ■ All About Alberta: We initiate coverage of Canadian Utilities Limited (CU) Research Analysts with an Outperform rating and a C$46 target price. The recent growth in Paul Tan CU's financials is driven largely from its organic utility segment growth owing 416 352 4593 [email protected] primarily to the continued natural resource development in the Province of Andrew M. Kuske Alberta. CU should continue to benefit from the continued growth of this 416 352 4561 natural resource for the foreseeable future. Another positive outcome has [email protected] been the greater proportion of earnings coming from a more stable source. We believe this organic growth will translate into continued earnings and dividend growth. ■ Geographic Diversification: CU wants to duplicate its success in Alberta to other markets in the globe that have similar characteristics as the Canadian province. The company has targeted Australia and Mexico to supplement its Alberta base growth. We believe with CU can benefit from the natural resources growth in Western Australia (iron ore and LNG) and the planned National Infrastructure Program being implemented in Mexico.