ATCO to streamline utility plants
The company's board of directors approved the transfer of ATCO's wholly owned subsidiary ATCO Resources to ATCO Power, a wholly owned subsidiary of Canadian Utilities Limited.
Both subsidiaries have interests in a total of 10 generation plants in Canada, with ATCO Resources valued at $82.5 million, net of existing debt.
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The result was a six-month period in which renewable energy sources produced more electricity than coal and nuclear power plants together. For the first time 47.3% of the electricity consumers used…
