ATCO and AltaLink Complete Major Transmission Project to Boost Alberta's Energy Infrastructure

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ATCO and AltaLink Complete Major Transmission Project to Boost Alberta's Energy Infrastructure /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire Central East Transfer-Out (CETO) project to enhance the reliability of Alberta's energy grid and integrate renewable energyCALGARY, AB, June 30, 2026 /CNW/ - Canadian Utilities Limited (TSX: CU) As Alberta's demand for energy continues to grow, ATCO and AltaLink have successfully completed the construction of the Central East Transfer-Out (CETO) project to strengthen the province's energy infrastructure and enable the integration of renewable power.The CETO project consists of 135 kilometres of double-circuit 240-kilovolt transmission line between Red Deer and Stettler, Alberta, along with improvements to existing substations. The project enhances Alberta's ability to move electricity from central east Alberta to other parts of the province, ensuring communities and businesses have access to reliable power, especially as more renewable energy comes online."CETO represents a step in the right direction for Alberta energy and economic growth. It's a testament to our commitment to advocating for the infrastructure that will support the future of Alberta and delivering critical infrastructure as demand grows" said Jason Sharpe, Chief Operating Officer, ATCO Energy Systems. "This project also reinforced the importance of partnership. From the beginning, ATCO and AltaLink worked in collaboration to get this project completed and in-service. I'm proud of what our teams accomplished together."Working together, ATCO and AltaLink secured a multimillion-dollar loan with the Canada Infrastructure Bank (CIB) to finance the CETO project, saving Albertans approximately $135 million over the 30-year financing of the project. "The partnership with AltaLink and ATCO demonstrates how the CIB's cost-effective financing can help deliver large-scale energy infrastructure. With a reinforced grid, Alberta can prepare for more projects in the future," said Ehren Cory, CEO, Canada Infrastructure Bank."The demand for reliable, affordable and sustainable electricity continues to grow in Alberta's expanding e...

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