Building a Canadian Utility and Energy Infrastructure Powerhouse

The combination will create a larger and more diversified utility and energy infrastructure company with greater scale, increased financial flexibility and improved access to capital.  

Across North America, demand for safe, reliable and affordable energy continues to grow, and meeting that demand will require significant investment to deliver long-term value for customers and shareholders. This transaction better positions the combined company to capitalize on growth opportunities driven by electrification, transmission, energy security and other major energy infrastructure needs across Canada and North America.  

The transaction was unanimously approved by the Boards of Directors of all Emera, Atco and Canadian Utilities. A joint Management Information Circular will be available to shareholders of all three companies ahead of special meetings for each.

The transaction is subject to the receipt of all required court, regulatory and stock exchange approvals, including approval of the Court of King’s Bench of Alberta, the Alberta Utilities Commission, the U.S. Federal Communications Commission, the U.S. Federal Energy Regulatory Commission, the Comisión Nacional Antimonopolio of Mexico, the Toronto Stock Exchange and the New York Stock Exchange, as well as any required confirmation or approval from the Northwest Territories Public Utilities Board, and approvals or notifications under the Competition Act (Canada), the Canada Transportation Act, the Australian Foreign Acquisitions and Takeovers Act 1975, the Australian Competition and Consumer Act 2010, the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, [and the Committee on Foreign Investment in the United States].