Canadian Utilities

{{Infobox company

| name = Canadian Utilities Limited

| logo = Image:Canadian-utilities-ltd-logo.PNG

| type = Public

| traded_as = {{TSX|CU}}

| genre =

| foundation =

| founder =

| location_city = Calgary

| location_country = Canada

| location =

| locations =

| area_served =

| key_people = Nancy Southern (CEO)

| industry = Electric Utilities

| products =

| services =

| revenue = {{decrease}}3,796 billion CAD (2023)

| operating_income =

| net_income = {{increase}}717 million CAD (2023)

| assets = {{increase}}23,158 billion CAD (2023)

| equity =

| owner =

| num_employees = 8,000 (2023)

| parent = ATCO

| divisions =

| subsid =

| homepage = [http://www.canadian-utilities.com www.canadian-utilities.com]

| footnotes =

}}

Canadian Utilities Limited, a member of the ATCO Group of companies, is a Canada-based worldwide organization of companies with around $22 billion in assets and more than 8,000 employees.{{Cite web |title=Canadian Utilities {{!}} About Us |url=https://www.canadianutilities.com/en-ca/about-us.html |access-date=2024-05-08 |website=www.canadianutilities.com |language=en-CA}}

Canadian Utilities has three business units:{{Cite web |title=Our Businesses |url=https://www.canadianutilities.com/en-ca/businesses.html |access-date=2024-05-08 |website=www.canadianutilities.com |language=en-CA}}

  • ATCO Energy Systems (previously Utilities): electricity and natural gas transmission and distribution, and international electricity operations. Areas served include northern and central-eastern Alberta, the Yukon, the Northwest Territories, the Lloydminster area of Saskatchewan, and international energy users. Its subsidiaries include:
  • ATCO Electric: an electric utility company based in Edmonton, Alberta that transmits and distributes electricity to two thirds of Alberta, namely in north and east-central Alberta, as well as communities in Yukon and the Northwest Territories.
  • LUMA Energy LLC (50 per cent ownership with Quanta Services), international electricity operations.
  • ATCO Gas
  • ATCO Pipelines
  • ATCO Gas Australia
  • ATCO EnPower (previously Energy Infrastructure): energy storage, electricity generation, industrial water solutions, renewables and 'next energy' - including hydrogen, ammonia, hydro, liquefied natural gas, natural gas, and carbon capture. Areas served include Alberta, the Yukon, the Northwest Territories, Ontario, Australia, Mexico, and Chile. Its subsidiaries include:
  • ATCO Renewables (previously ATCO Power)
  • ATCO Next Energy (previously ATCO Energy Solutions)
  • ATCO Power Australia
  • ATCO Energy: electricity and natural gas retail sales, and whole-home and business solutions. Includes Canadian Utilities Limited Corporate, and Other segments.

Canadian Utilities' controlling share owner is the Southern family.{{Cite web |last=Canadian Utilities |first=ATCO Group |date=31 December 2023 |title=Annual Financial Statements |url=https://www.canadianutilities.com/content/dam/web/canadian-utilities/investors/cu-2023-ye-fs.pdf}}

Governance and Leadership

As of 2024, Canadian Utilities' Board of Directors was composed of:

class="wikitable sortable"

!Name

!Position & Time on Board

!Background

!Compensation (2023){{Cite web |last=Canadian Utilities |first=ATCO Group |date=11 March 2024 |title=Management Proxy Circular (AGM) |url=https://www.canadianutilities.com/content/dam/web/canadian-utilities/investors/cu-2023-mpc.pdf}}

Matthias F. Bichsel

|Corporate Director (2014-)

| Executive Management, Shell plc; Senior Advisor, McKinsey & Co.; Vice-Chair, Sulzer Ltd.; Director, South Pole Ltd.; Director, Petrofac Ltd.

|$220,000 CAD

Loraine M. Charlton

|Corporate Director (2006-)

| VP & CFO, Lintus Resources Ltd.; Director, AKITA Drilling Ltd.; Director, CU Inc.

|$279,800 CAD

Robert J. Hanf

|Corporate Director (2021-)

| EVP & CLO, Emera Inc.; President & CEO, Nova Scotia Power; Chair, Barbados Light & Power Holdings; President & COO, Bangor Hydro Electric Company; Partner, McCarthy Tétrault LLP (Calgary); Director, LUMA Energy; Director, Mancal Corporation; Chair, Board of Governors, Dalhousie University; Director, Canadian Electricity Association; Director, Energy Council of Canada

|$425,586 CAD

Kelly C. Koss-Brix*

|Corporate Director (2023-)

| Member, Canadian Equestrian Team; Director, Sentgraf Enterprises; Director, Spruce Meadows

|$146,385 CAD

Robert J. Normand

|Corporate Director (2008-)

| Chair, Workers Compensation Board of Alberta; President & CEO, Alberta Treasury Branches (ATB); Executive, Bank of Montreal; Director, CU Inc.

|$272,800 CAD

Alex J. Pourbaix

|Corporate Director (2019-)

| Executive Chair, Cenovus Energy; Co-Founder, Pathways Alliance;{{Cite web |last=Belliveau |first=Emilia |date=2024-01-26 |title=Alex Pourbaix: The Big Oil Spindoctor |url=https://environmentaldefence.ca/2024/01/26/alex-pourbaix-the-big-oil-spindoctor/ |access-date=2024-05-08 |website=Environmental Defence |language=en-US}} President & CEO, Cenovus; COO, TC Energy; Board Member, Business Council of Alberta; AB Regional Board, Nature Conservancy of Canada; Chair, Board of Governors, Mount Royal University; Chair, Canadian Association of Petroleum Producers; Chair, Canadian Energy Pipeline Association; Board Member, Business Council of Canada; Board Member, Trican Well Service Ltd.

|$220,000 CAD

Hector A. Rangel

|Corporate Director (2014-)

President, BCP Securities Mexico

| CEO, Nacional Financiera S.N.C.; CEO, Bancomext; Cabinet Member, President Felipe Calderon; Chair, Grupo Financiero Bancomer; President, Mexico Bankers Association; President, Mexican Business Council; Director, GNP Profuturo Afore; Director, GNP Seguros; Director, Fresnillo PLC; Director, LUMA Energy

|$224,500 CAD

Laura A. Reed

|Corporate Director (2014-)

| Director, ATCO Australia Pty Ltd.; Chair, Spark Infrastructure Group; Board Member, Victoria Power Networks PTY; Board Member, SA Power Networks Partnership; Chair, Epic Energy South Australia Pty Ltd.; Board Member, Clean Energy Finance Corporation; Chair, ERIC Alpha Holdings Pty Ltd.; Director, Ausgrid; CEO & MD, Spark Infrastructure; CFO, Envestra Ltd.; Director, Bass Oil Ltd.

|$284,055 CAD

Robert J. Routs

|Corporate Director (2023-)

| Director, ATCO Structures & Logistics Ltd.; Director, ATCO Australia Pty Ltd.; Director, Neltume Ports S.A.; Executive Board Member, Shell plc; Chair, Shell Canada; International Advisory Council, Development Board of Singapore; Chair, Royal DSM NV; Director, AECOM Technology Corporation

|$208,443 CAD

Nancy C.Southern**

|Chair & CEO, Canadian Utilities (1990-)

| Chair & CEO, ATCO Ltd.; EVP, Spruce Meadows; Founding Director, AKITA Drilling Ltd.; Director, Sentgraf Enterprises Ltd.; Honorary Director, BMO Financial Group; Director, Rideau Hall Foundation; Honorary Chief of the Kainai; Member, The US Business Council; Member, American Society of Corporate Executives; Canadian Member, Trilateral Commission; Member, Business Council of Canada; [https://www.alberta.ca/economic-recovery-council Alberta Economic Recovery Council]; Director & President, Swizzlesticks Enterprises Ltd.

|$7,113 million CAD

Linda A.Southern-Heathcott**

|Vice Chair, Canadian Utilities (2000-)

President/CEO,Spruce Meadows Ltd.

| President & CEO, Spruce Meadows; Founding Director & Executive Chair, AKITA Drilling Ltd.; Chair, Travel Alberta; Board Member, ATCO Structures & Logistics Ltd.; Board Member, Sentgraf Enterprises Ltd.; Honorary Lieutenant Colonel, King's Own Calgary Regiment

|$228,000 CAD

Roger J. Urwin

|Lead Director, Canadian Utilities (2020-)

| Director, ATCO Ltd.; Chair, ATCO Australia Pty Ltd.; Vice-Chair, LUMA Energy; Group Chief Executive, National Grid plc; Chief Executive & MD, London Electricity; Chair, Utilico Investments Ltd.; Special Advisor, Global Infrastructure Partners; Chair, Alfred McAlpine plc; Commander, Order of the British Empire

|$593,265 CAD

Wayne G.Wouters

|Corporate Director (2019-)

| Strategic & Policy Advisor, McCarthy Tétrault LLP; Director, BlackBerry Ltd.; Director, Foran Mining Corporation; Clerk of the Privy Council & Secretary to the Cabinet; Secretary, Treasury Board of Canada; Deputy Minister, Human Resources Development; Deputy Minister, Labour; Deputy Minister, Fisheries and Oceans

|$220,000 CAD

* Daughter of Nancy Southern, Chair/CEO; ** Majority Share Owner and 1/3 Trustees of the Spousal Trust

As of 2024, Canadian Utilities' Executive Leadership was composed of:

class="wikitable sortable"

!Name

!Position

!Background

!Compensation (2023)

Nancy C.

Southern

|Chair & CEO

| ---

|$4,925 million CAD

James D. Armstrong

|SVP, Technology &

Global Security

|Chief Security & Chief Data Officer, Shaw Communications;

|

Melanie L. Bayley

|President,

ATCO Electric

|Board Member, Western Energy Institute; Board Member, Canadian Electricity Association; Board Member, Drake Landing Solar Community

|

Kyle M.

Brunner

|SVP, General Counsel & Corporate Secretary

|VP, General Counsel, & Corporate Secretary, Seven Generations Energy Ltd.

|

P. Derek Cook

|SVP & Controller

|VP, ATCO Gas; CFO, ATCO Australia; VP, Controller, ATCO Group

|

Lisa Cooke

|SVP & CMO

|VP Brand, Advertising & Marketing, Shaw Communications/Freedom Mobile;

|

Colin R. Jackson

|SVP, Finance, Treasury & Sustainability

|Valuation & Business Modelling, Ernst & Young

|

M. George

Contantinescu

|EVP & Chief

Transformation Officer

|Chair & CEO, ORTHOSHOP Geomatics Ltd.; CEO, OGEO Ltd.; Board Member, Artificial Pancreas Technologies Inc.; Senior Manager of Corporate Development, ATCO Group

|

John Ivulich

|CEO & Country Chair,

ATCO Australia

|Group Financial Controller, Westnet Infrastructure Group

|

Bob

J. Myles

|COO, ATCO

EnPower

|COO Industrial, Stuart Olson Ltd.; President & CEO, Tartan Canada Corporation; SVP, ATCO; President, ATCO Pipelines; Director, WaterSMART; Chair, Canadian Energy Pipelines Association; Director, Petroleum Joint Venture Association; Chair, Canadian Gas Processors Association

|$1,840 million CAD

Brian P.

Shkrobot

|EVP & CFO

|Staff Auditor, Office of the Auditor General of Alberta; Business Analyst, Syncrude; Controller, ATCO Electric

|$1,099 million CAD

Katie

J. Patrick

|EVP & CFO (2024-)

|EVP & CFIO, ATCO Ltd.; Director, Mergers & Acquisitions, Bunge; Director, Strategic Initiatives, Viterra; Investment Banking Associate, RBC Capital Markets; Investment Banking Analyst, Lehman Brothers

|$1,485 million CAD

Becky

A. Penrice

|EVP, Corporate

Services

|Chair, BGC Canada; CEO, Sears Canada; SVP HR, Hudson's Bay Company; Corporate HR, Lord & Taylor; Task Force Chair, Business Council of Alberta; Sponsor, World Vision; President, Sears Canada Charitable Foundation

|$1,171 million CAD

D. Jason

Sharpe

|President, ATCO Gas

& Pipelines

|Vice-Chair, Canadian Gas Association; Director, Canadian Energy Pipeline Association; Board Member, Pipeline Research Council International; Board Member, Van Horne Institute

|n/a

Wayne K.

Stensby

|COO, ATCO

Energy Systems

|President & CEO, LUMA Energy; COO & MD, ATCO Australia

|$2,617 million CAD

Clinton G. Warkentin

|EVP & CIO, ATCO

Energy Systems

|Commercial Lead, ATCO Australia; CFO, Certarus Ltd.; VP Treasurer, EarthFirst Canada Inc.; Advisor to the CFO, North America Oil Sands Corporation; VP & Treasurer, Superior Plus Income Fund; VP Corporate & Investment Banking Group, TD Bank Group

|

Marshall F.

Wilmot

|President, Retail &

Chief Digital Officer

|President, Rümi; President, ATCOenergy; Chief Loyalty Officer, WestJet; VP Marketing, Rogers Communications; COO, Banyan Corporation; VP Marketing, FGL Sports Ltd.; VP, Canadian Airlines International

|

References