ATCO Ltd.
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ATCO Ltd.

July 04, 2014 10:59 ET

Albertans Should Debate Sale of Electricity Grid

CALGARY, ALBERTA--(Marketwired - July 4, 2014) - ATCO is urging more public engagement and debate over who should own critical infrastructure before approval is given to the $3.2 billion sale of AltaLink's assets, which provides electricity to 85 per cent of Albertans.

"The electric transmission system is critical infrastructure and in every other province, but Alberta, it is owned within the province," said Nancy Southern, Chair, President & CEO, ATCO. "I believe this is a matter of principle that should be debated so that all Albertans understand the impact of such a transaction."

ATCO encourages Albertans to contact their MLAs and the Alberta Utilities Commission to express their opinions regarding the tentative sale.

ATCO Ltd., with more than 9,800 employees and approximately $16 billion in assets, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Structures & Logistics (manufacturing, logistics and noise abatement), Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquids extraction) and Technologies (business systems solutions). More information can be found at www.atco.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company.

The forward-looking statements contained in this news release represent the Company's expectations as of the date hereof, and are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Contact Information

  • ATCO Ltd.
    Cory Huhn
    Senior Advisor, External Communications
    403-662-8467
    www.atco.com