CU 📈 Canadian Utilities Limited - Overview

Canadian Utilities Limited operates a diverse portfolio of businesses, including electricity, natural gas, renewables, pipelines, liquids, and retail energy, with a presence in Canada, Australia, and international markets. The company's operations are segmented into ATCO Energy Systems, ATCO EnPower, and Corporate & Other, each with distinct focus areas. ATCO Energy Systems is responsible for providing regulated electricity transmission and distribution services in regions such as northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan. Additionally, this segment offers integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia, leveraging its extensive infrastructure network.

The company's natural gas infrastructure is substantial, comprising approximately 9,100 kilometers of pipelines, 11 compressor sites, and around 3,600 receipt and delivery points. A notable asset is the salt cavern natural gas storage peaking facility located near Fort Saskatchewan, Alberta, in Canada, which plays a critical role in managing natural gas supply and demand. The ATCO EnPower segment, on the other hand, focuses on electricity generation from various sources including hydro, solar, wind, and natural gas. It also engages in natural gas storage, industrial water solutions, and the development of clean fuels such as hydrogen, alongside carbon capture and underground storage projects, primarily in Alberta, the Yukon, the Northwest Territories, Australia, Ontario, Mexico, and Chile.

Canadian Utilities Limited's commitment to innovation and sustainability is evident through its involvement in emerging energy technologies and infrastructure development. The Corporate & Other segment complements the company's energy-focused businesses by retailing electricity and natural gas, and offering whole-home solutions, thereby providing a comprehensive suite of services to its customers. With a history dating back to 1927, Canadian Utilities Limited is headquartered in Calgary, Canada, and operates as a subsidiary of ATCO Ltd., positioning it within a larger conglomerate with diversified interests. The company's common stock is listed with the ISIN CA1367178326 and falls under the Electric Utilities sub-industry within the GICS classification system.