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BRIEF-Canadian Utilities Limited Sells Ownership Interest In Alberta Powerline

Published 2019-06-24, 09:07 a/m
BRIEF-Canadian Utilities Limited Sells Ownership Interest In Alberta Powerline
CU
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June 24 (Reuters) - Canadian Utilities Ltd CU.TO :

* CANADIAN UTILITIES LIMITED SELLS OWNERSHIP INTEREST IN ALBERTA POWERLINE AND OFFERS INDIGENOUS COMMUNITIES THE OPPORTUNITY TO PARTICIPATE

* CANADIAN-AGREEMENTS WITH ITS PARTNER FOR SALE OF 100% INTEREST IN ALBERTA POWERLINE APL FOR PROCEEDS OF ABOUT $300 MILLION, ASSUMPTION OF $1.4 BILLION OF DEBT

* CANADIAN UTILITIES- IS OFFERING OPPORTUNITY FOR INDIGENOUS COMMUNITIES ALONG TRANSMISSION LINE ROUTE TO OBTAIN UPTO A 40% EQUITY INTEREST IN APL

* CANADIAN UTILITIES LTD - CU WILL REMAIN AS OPERATOR OF APL OVER ITS 35-YEAR CONTRACT WITH AESO

* CANADIAN UTILITIES LTD - THE PURCHASER IS A CONSORTIUM INCLUDING GREYSTONE MANAGED INVESTMENTS, OTHERS

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