Canadian Utilities Limited

Corporate Finance:Utilities & Independent Power

Summary

Canadian Utilities Limited (CU) is a holding company whose principal operating subsidiaries include the following: (1) CU Inc. (CUI), regulated electric and gas transmission and distribution utilities and electricity. This segment represents about 58% of CU’s earnings. (2) The Energy group, which includes regulated and non-regulated generation assets in Canada and the Midstream business. This segment represents about 31% of CU’s earnings. (3) ATCO Australia; and (4) Other, which includes a 24.5% investment in ATCO Structures & Logistics and ATCO I-Tek.