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Canadian Utilities

From Wikipedia, the free encyclopedia
Canadian Utilities Limited
Company typePublic
TSXCU
IndustryElectric Utilities
Headquarters
Calgary
,
Canada
Key people
Nancy Southern (CEO)
RevenueDecrease3,796 billion CAD (2023)
Increase717 million CAD (2023)
Total assetsIncrease23,158 billion CAD (2023)
Number of employees
8,000 (2023)
ParentATCO
Websitewww.canadian-utilities.com

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.[1]

Canadian Utilities has three business units:[2]

  • 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 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.[3]

Governance and Leadership

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

Name Position & Time on Board Background Compensation (2023)[4]
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;[5] 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; 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:

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

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  1. ^ "Canadian Utilities | About Us". www.canadianutilities.com. Retrieved 2024-05-08.
  2. ^ "Our Businesses". www.canadianutilities.com. Retrieved 2024-05-08.
  3. ^ Canadian Utilities, ATCO Group (31 December 2023). "Annual Financial Statements" (PDF).
  4. ^ Canadian Utilities, ATCO Group (11 March 2024). "Management Proxy Circular (AGM)" (PDF).
  5. ^ Belliveau, Emilia (2024-01-26). "Alex Pourbaix: The Big Oil Spindoctor". Environmental Defence. Retrieved 2024-05-08.