LUMA Opportunity Highlights
CANADIAN
CU UTILITIES
LIMITED
An ATCO Company
PIONEER PIPELINE ACQUISITION
On September 30, 2020 we announced the
purchase of the Pioneer Natural Gas Pipeline
from Tidewater Midstream & Infrastructure
Ltd. for a purchase price of $255 million.
The 131-km pipeline transports natural gas to
TransAlta's generating units at Sundance and
Keephills in the Wabamun area west of
Edmonton facilitating the conversion of
these coal plants to cleaner-burning natural
gas.
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The acquisition is subject to customary
conditions including regulatory approvals to
add a net amount of approximately
$200 million of capital to rate base. Approvals
are expected by the second quarter of 2021.
INVESTOR PRESENTATION FEBRUARY 2021
NGTL Pipeline
Proposed NGTL
Interconnect
Brazeau River Complex
Pioneer Pipeline
26
Pioneer Natural Gas Pipeline Acquisition
NGTL
Natural Gas
Transmission
Sundance Power Plant
Pioneer Pipeline
Hwy 759
Genesee Power Plant
Pembina-Keephills
Pipeline
Pembina-Keephills Pipeline
NGTL Pipeline
ATCO Pipelines
Hwy 16
N
Keephills
Power Plant
ATCO Footprint
CANADIAN
ATCO CUTILITIES LIMITED
An ATCO CompanyView entire presentation