Canadian Utilities Explores Strategic Alternatives for Its Canadian Generation Business
CALGARY, Alberta, Sept. 13, 2018 — Canadian Utilities Limited (TSX: CU, CU.X)
Canadian Utilities Limited announced today that it is exploring strategic alternatives for its Canadian electricity generation business. This process is consistent with the company’s practice of continually evaluating and optimizing its portfolio of businesses.
There can be no assurance that this process will lead to any transaction.
With approximately 5,200 employees and assets of $21 billion, Canadian Utilities Limited is an ATCO company. ATCO is a diversified global corporation delivering service excellence and innovative business solutions in Structures & Logistics (workforce housing, innovative modular facilities, construction, site support services, and logistics and operations management); Electricity (electricity generation, transmission, and distribution); Pipelines & Liquids (natural gas transmission, distribution and infrastructure development, energy storage, and industrial water solutions); and Retail Energy (electricity and natural gas retail sales). More information can be found at www.canadianutilities.com.
Investor Inquiries: Media Inquiries:
D.A. (Dennis) DeChamplain
Senior Vice President &
Chief Financial Officer
Director, Corporate Communications