ATCO Electric Receives Approval for Eastern Alberta Transmission Line
16 Novembre 2012 - 4:01AM
Marketwired
ATCO Electric has received approval from the Alberta Utilities
Commission (AUC) to build the Eastern Alberta Transmission Line.
The 500-kilovolt direct current line, and its associated converter
stations and facilities, extends from the Gibbons area northeast of
Edmonton to an area near Brooks in southeast Alberta. It adds
additional capacity to Alberta's existing electricity transmission
system.
In developing the application, ATCO Electric conducted an
extensive public engagement process that included information
campaigns, open houses and thousands of individual meetings with
landowners. The information gained through this process was
instrumental in defining the preferred and alternate routes
submitted by ATCO Electric and, ultimately, the route approved by
the AUC.
"I want to extend my thanks to the landowners that participated
in the process. The decision is the result of three years of hard
work and consultation and directly reflects the input that we
received throughout the process," said Sett Policicchio, President,
ATCO Electric. "We look forward to continuing to work together with
these landowners and the communities of eastern Alberta as we begin
to build this critically important piece of infrastructure for
Alberta."
When complete, the Eastern Alberta Transmission Line will
reinforce the reliability, increase the capacity and improve the
efficiency of the Alberta grid. The line will help meet the growing
demand for electricity in the province, allowing it to flow from
where it is generated to where it is needed.
Alberta-based Canadian Utilities Limited, an ATCO company, with
more than 6,700 employees and assets of approximately $13 billion,
delivers service excellence and innovative business solutions
worldwide with leading companies engaged in 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.canadianutilities.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 Corporation 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 Corporation'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 Corporation operates, prevailing economic conditions, and
other factors, many of which are beyond the control of the
Corporation.
The forward-looking statements contained in this news release
represent the Corporation's expectations as of the date hereof, and
are subject to change after such date. The Corporation 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.
Contacts: ATCO Electric Sett Policicchio President, Capital
Projects Division (780) 288-7621
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