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Canadian Utilities
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{{Infobox company | name = Canadian Utilities Limited | logo = [[Image:Canadian-utilities-ltd-logo.PNG|189px|Canadian Utilities Ltd.]] | type = Public | traded_as = {{TSX|CU}} | genre = | foundation = | founder = | location_city = Calgary | location_country = Canada | location = | locations = | area_served = | key_people = [[Nancy Southern]] ([[CEO]]) | industry = Electric Utilities | products = | services = | revenue = {{decrease}}3,796 billion CAD (2023) | operating_income = | net_income = {{increase}}717 million CAD (2023) | assets = {{increase}}23,158 billion CAD (2023) | equity = | owner = | num_employees = 8,000 (2023) | parent = [[ATCO]] | divisions = | subsid = | homepage = [http://www.canadian-utilities.com www.canadian-utilities.com] | footnotes = }} '''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.<ref>{{Cite web |title=Canadian Utilities {{!}} About Us |url=https://www.canadianutilities.com/en-ca/about-us.html |access-date=2024-05-08 |website=www.canadianutilities.com |language=en-CA}}</ref> Canadian Utilities has three business units:<ref>{{Cite web |title=Our Businesses |url=https://www.canadianutilities.com/en-ca/businesses.html |access-date=2024-05-08 |website=www.canadianutilities.com |language=en-CA}}</ref> * 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 Electric: an electric utility company based in [[Edmonton, Alberta]] that transmits and distributes electricity to two thirds of Alberta, namely in north and east-central [[Alberta]], as well as communities in [[Yukon]] and the [[Northwest Territories]]. ** [[LUMA Energy|LUMA Energy LLC]] (50 per cent ownership with [[Quanta Services]]), international electricity operations. ** ATCO Gas ** ATCO Pipelines ** ATCO Gas Australia * 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 [[Ron Southern|Southern family.]]<ref>{{Cite web |last=Canadian Utilities |first=ATCO Group |date=31 December 2023 |title=Annual Financial Statements |url=https://www.canadianutilities.com/content/dam/web/canadian-utilities/investors/cu-2023-ye-fs.pdf}}</ref> == Governance and Leadership == As of 2024, Canadian Utilities' Board of Directors was composed of: {| class="wikitable sortable" !Name !Position & Time on Board !Background !Compensation (2023)<ref>{{Cite web |last=Canadian Utilities |first=ATCO Group |date=11 March 2024 |title=Management Proxy Circular (AGM) |url=https://www.canadianutilities.com/content/dam/web/canadian-utilities/investors/cu-2023-mpc.pdf}}</ref> |- |Matthias F. Bichsel |Corporate Director (2014-) | Executive Management, [[Royal Dutch Shell|Shell plc]]; Senior Advisor, [[McKinsey & Company|McKinsey & Co.]]; Vice-Chair, [[Sulzer (manufacturer)|Sulzer Ltd.]]; Director, South Pole Ltd.; Director, [[Petrofac|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|Emera Inc.]]; President & CEO, [[Nova Scotia Power]]; Chair, [[Barbados Light and Power Company|Barbados Light & Power Holdings]]; President & COO, Bangor Hydro Electric Company; Partner, [[McCarthy Tétrault|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 Branch|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]];<ref>{{Cite web |last=Belliveau |first=Emilia |date=2024-01-26 |title=Alex Pourbaix: The Big Oil Spindoctor |url=https://environmentaldefence.ca/2024/01/26/alex-pourbaix-the-big-oil-spindoctor/ |access-date=2024-05-08 |website=Environmental Defence |language=en-US}}</ref> President & CEO, [[Cenovus Energy|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|Trican Well Service Ltd.]] |$220,000 CAD |- |Hector A. Rangel |Corporate Director (2014-) President, BCP Securities Mexico | CEO, [[:es:Nacional Financiera|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|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|SA Power Networks Partnership]]; Chair, [[Epic Energy|Epic Energy South Australia Pty Ltd.]]; Board Member, [[Clean Energy Finance Corporation]]; Chair, [[Ausgrid|ERIC Alpha Holdings Pty Ltd.]]; Director, [[Ausgrid]]; CEO & MD, [[Spark Infrastructure]]; CFO, [[Envestra|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|AECOM Technology Corporation]] |$208,443 CAD |- |[[Nancy Southern|Nancy C.Southern]]** |Chair & CEO, Canadian Utilities (1990-) | Chair & CEO, [[ATCO|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 Nation|Kainai]]; Member, The US Business Council; Member, American Society of Corporate Executives; Canadian Member, [[Trilateral Commission]]; Member, [[Business Council of Canada]]; [https://www.alberta.ca/economic-recovery-council Alberta Economic Recovery Council]; Director & President, Swizzlesticks Enterprises Ltd. |$7,113 million CAD |- |[[Linda Southern-Heathcott|Linda A.Southern-Heathcott]]** |Vice Chair, Canadian Utilities (2000-) President/CEO,[[Spruce Meadows|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|ATCO Ltd.]]; Chair, ATCO Australia Pty Ltd.; Vice-Chair, [[LUMA Energy]]; Group Chief Executive, [[National Grid plc]]; Chief Executive & MD, [[London Electricity Board|London Electricity]]; Chair, Utilico Investments Ltd.; Special Advisor, [[Global Infrastructure Partners]]; Chair, [[Alfred McAlpine|Alfred McAlpine plc]]; Commander, [[Order of the British Empire]] |$593,265 CAD |- |[[Wayne Wouters|Wayne G.Wouters]] |Corporate Director (2019-) | Strategic & Policy Advisor, [[McCarthy Tétrault|McCarthy Tétrault LLP]]; Director, [[BlackBerry Limited|BlackBerry Ltd.]]; Director, Foran Mining Corporation; [[Clerk of the Privy Council (Canada)|Clerk of the Privy Council & Secretary to the Cabinet]]; Secretary, [[Treasury Board of Canada]]; Deputy Minister, [[Human Resources Development Canada|Human Resources Development]]; Deputy Minister, [[Human Resources and Skills Development Canada|Labour]]; Deputy Minister, [[Fisheries and Oceans Canada|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: {| class="wikitable sortable" !Name !Position !Background !Compensation (2023) |- |[[Nancy Southern|Nancy C.]] [[Nancy Southern|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|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|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|ATCO Ltd.]]; Director, Mergers & Acquisitions, [[Bunge Global|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 Canada|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, [[Statoil|North America Oil Sands Corporation]]; VP & Treasurer, Superior Plus Income Fund; VP Corporate & Investment Banking Group, [[Toronto-Dominion Bank|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|FGL Sports Ltd.]]; VP, [[Canadian Airlines International]] | |} == References == {{reflist}} [[Category:Companies listed on the Toronto Stock Exchange]] [[Category:Electric power companies of Canada]] [[Category:Electric power companies of Alberta]] [[Category:ATCO]] {{canada-company-stub}} [[Category:Utilities of Canada]] [[Category:Companies based in Calgary]]
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