CU
TSX · Alberta electricity and gas utility · 5 desk pieces in archive
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Canadian Utilities said October 13 it held a groundbreaking on the $2.9 billion Yellowhead gas pipeline from Peers to Fort Saskatchewan. The 235-kilometre line is fully contracted for 1.1 billion cubic feet a day. AUC approval came in July. That is construction start, not a 2026 volume add.
Emera's board declared the quarterly common dividend at $0.74, payable November 13 to holders of record October 30. That is the rate the company raised on October 2. It is a declaration. It is not a new hike today, and it is not the Canadian Utilities close.
Emera, ATCO, and Canadian Utilities said Tuesday they signed a definitive merger of equals. Combined enterprise value is about $72 billion. The company will operate as Emera. Close is the third or fourth quarter of 2027. That is an agreement. It is not a close and not a rate-case win.
On July 20 Canadian Utilities said the Alberta Utilities Commission approved construction of the Yellowhead Pipeline, a $2.9 billion, 235-kilometre, 36-inch gas line from Peers to Fort Saskatchewan. Construction was set to begin immediately. The line is fully contracted.
On September 4 Canadian Utilities said the Alberta Court of Appeal dismissed its appeal of Alberta Utilities Commission decisions on the Performance-Based Regulation 2 Reopener. CU is reviewing the ruling and considering next steps.