Brief: Atco & Canadian Utilities Announce Regulatory Shortfalls And Propose Corrective Actions

Canadian Utilities

30/11/2021 22:20

Nov 30 (Reuters) - Canadian Utilities Ltd  CU.TO :
    * ATCO & CANADIAN UTILITIES ANNOUNCE REGULATORY SHORTFALLS
AND
PROPOSE CORRECTIVE ACTIONS
    * ATCO LTD - ATCO'S LEADERSHIP "PERSONALLY COMMITS" TO LEARN
FROM
PROCESS & DISCLOSURE FAILURES AND TO IMPROVE POLICIES &
PROCEDURES
    * ATCO - INTERNAL INVESTIGATION SHOWED FAILURES IN
PROCEDURES &
DISCLOSURE PROCESSES RESULTED IN CONTRAVENTIONS OF
INTER-AFFILIATE CODE OF CONDUCT
    * ATCO - PROPOSED NUMBER OF CORRECTIVE ACTIONS TO ALBERTA
UTILITIES COMMISSION TO IMPROVE ITS CONTRACTING AND DISCLOSURE
PRACTICES
    * ATCO - ISSUE HAS ALSO BEEN INVESTIGATED BY AUC'S
ENFORCEMENT
ARM, WHICH IS PROPOSING MATTER BE DEALT WITH THROUGH
COMMISSION'S PUBLIC HEARING PROCESS
    * ATCO LTD - PROPOSED CORRECTIVE MEASURES INCLUDE AMENDMENT
OF
CO'S REGULATORY APPLICATION THAT IS CURRENTLY BEFORE AUC

Source text for Eikon:  ID:nCNWPLCrva 
Further company coverage:  CU.TO