- ATCO (TSX:ACO.X) subsidiary ATCO Energy Systems has submitted a regulatory application with the Alberta Utilities Commission for its $2.8 billion Yellowhead Mainline natural gas pipeline, the largest infrastructure project in ATCO’s history
- Yellowhead Mainline would have the capacity to deliver about 1,200 terajoules (or 1.1 billion cubic feet) of natural gas per day across 200-230 kilometres of pipeline
- ATCO is a one-stop provider of integrated energy, housing, transportation and infrastructure solutions with more than 20,000 employees worldwide
- ATCO stock has added 24.79 per cent year-over-year, but has lost 3.48 per cent since 2019
ATCO (TSX:ACO.X) subsidiary ATCO Energy Systems has submitted a regulatory application with the Alberta Utilities Commission for its $2.8 billion Yellowhead Mainline natural gas pipeline, the largest infrastructure project in ATCO’s history.
If approved, the application would allow ATCO Energy Systems to make long-lead material and equipment orders, as well as enter into other project-related commitments.
Yellowhead Mainline would have the capacity to deliver about 1,200 terajoules (or 1.1 billion cubic feet) of natural gas per day across 200-230 kilometres of pipeline running from the Edson area to northeast Edmonton.
The project is expected to create about 2,000 jobs during construction, which is scheduled to begin in 2026, and facilitate more than $20 billion in investment and associated employment when it goes on-stream by Q4 2027.
ATCO Energy Systems believes its application demonstrates how the project would benefit from “energy, petrochemical, building materials and hydrogen projects that use natural gas and carbon capture technology to produce products the world demands with lower emissions than previously possible,” according to Wednesday’s news release.
Leadership insights
“Alberta has recognized that a healthy and competitive natural gas sector is vital to jobs and the prosperity of all Albertans and can have a major role in helping meet the growing global demand for reliable and responsible energy,” Wayne Stensby, chief operating officer, ATCO Energy Systems, said in a statement. “We are excited for the Yellowhead Mainline project to become an integral part of the province’s energy infrastructure and for ATCO to continue to deliver a safe and reliable energy supply for our province’s growing population and industry.”
About ATCO
ATCO is a one-stop provider of integrated energy, housing, transportation and infrastructure solutions with more than 20,000 employees worldwide.
ATCO stock (TSX:ACO.X) last traded at C$46.31 per share. The stock has added 24.79 per cent year-over-year, but has lost 3.48 per cent since 2019.
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(Top photo of ATCO employees: ATCO)