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Canadian Utilities' Yellowhead Pipeline Gets Alberta Utilities Commission Approval

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Canadian Utilities (CU.TO), a subsidiary of ATCO (ACO-X.TO), has received Alberta Utilities Commission approval for its Yellowhead Pipeline project.

The approval clears the way to construct a C$2.9 billion natural gas infrastructure project, which is already fully contracted, the company said. The Yellowhead Pipeline is a 235-kilometer natural gas transmission pipeline from the Peers area to the Fort Saskatchewan area and one compressor station.

"The Yellowhead Pipeline will help meet Alberta's growing need for safe, reliable and affordable energy, while supporting continued economic growth across the province," said Jason Sharpe, chief operating officer of ATCO Energy Systems. "With our extensive natural gas infrastructure experience and strong partnerships with contractors, crews, communities and Treaty Six Nations, ATCO is ready to move this critical project into construction."

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