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 project. This project is deemed as the largest infrastructure project in ATCO’s history. The Yellowhead Mainline pipeline is designed with a capacity to deliver approximately 1,200 terajoules (or 1.1 billion cubic feet) of natural gas per day, spanning across 200-230 kilometers of pipeline.
ATCO is a global provider of integrated energy, housing, transportation, and infrastructure solutions, employing more than 20,000 individuals worldwide. The ATCO stock has experienced a 24.79% increase year-over-year, albeit a 3.48% decrease since 2019.
If approved, the regulatory application would enable ATCO Energy Systems to commence long-lead material and equipment orders, as well as engage in other project-related commitments. The Yellowhead Mainline project is anticipated to generate around 2,000 jobs during construction, which is scheduled to commence in 2026. The project aims to facilitate over $20 billion in investment and associated employment upon its completion by Q4 2027.
According to a recent news release, ATCO Energy Systems conveys that the Yellowhead Mainline project would benefit from multiple sectors such as energy, petrochemical, building materials, and hydrogen projects utilizing natural gas and carbon capture technology to produce low-emission products.
Wayne Stensby, Chief Operating Officer of ATCO Energy Systems, expressed excitement about the Yellowhead Mainline project becoming an integral part of Alberta’s energy infrastructure. He emphasized the importance of a robust natural gas sector in Alberta to support job creation and prosperity for all residents.
ATCO operates as a comprehensive provider of integrated energy, housing, transportation, and infrastructure solutions with a global workforce exceeding 20,000 individuals. Its stock (TSX:ACO.X) last traded at C$46.31 per share, showcasing a 24.79% increase year-over-year and a 3.48% decrease since 2019.
Overall, ATCO’s submission of the regulatory application for the Yellowhead Mainline natural gas pipeline project marks a significant step towards enhancing Alberta’s energy infrastructure and fostering economic growth in the region.
