|By Marketwired .||
|February 3, 2014 10:35 AM EST||
CALGARY, ALBERTA -- (Marketwired) -- 02/03/14 -- Editors Note: There is a photo associated with this Press Release.
ATCO Pipelines announced today it has received approval from the Alberta Utilities Commission (AUC) to proceed with its Urban Pipeline Replacement (UPR) Project. The project will replace and relocate the company's high-pressure natural gas pipelines located in densely populated areas of Calgary and Edmonton into the Transportation Utility Corridors (TUCs) that surround both cities.
"The safety of our communities is our priority," said Brian Hahn, President, ATCO Pipelines. "By building new, modern pipelines in the TUCs, we can continue to provide safe, reliable service to customers while meeting the growing demand for natural gas in Alberta's two largest cities."
The TUCs have been designed to protect pipelines from development activities and the new pipelines will benefit from modern pipeline coatings, welding practices and inline inspection capabilities that were not available when the existing network was constructed.
Public input was a critical component of ATCO Pipeline's project submission to the AUC. The company plans to continue to engage communities, customers and government representatives as it proceeds to implement the various components of the UPR Project over the next five years.
In its decision, the AUC noted that the UPR application is in the public interest because it will result in Edmonton and Calgary systems that are safe, economic, orderly and efficient. The AUC also deemed the UPR Project as superior to alternatives considered with regard to risk management, system integrity, reliability of supply, minimal public disruption, technical feasibility and proposed locations.
For more than a century, ATCO Pipelines has had a proven track record of owning and safely operating approximately 8,500 km of high-pressure natural gas and associated facilities across Alberta.
ATCO Pipelines is part of the ATCO Group of Companies. ATCO Group, with more than 9,400 employees and assets of approximately $16 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Structures & Logistics (manufacturing, logistics and noise abatement), Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquids extraction) and Technologies (business systems solutions). More information can be found at www.atco.com.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20140131-ATCOpicofsignage.jpg
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent the Corporation's expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
Manager, Corporate Communications
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