Canadian Utilities Ltd (STU:CUD)
€ 20.59 -0.06 (-0.29%) Market Cap: 4.22 Bil Enterprise Value: 12.23 Bil PE Ratio: 14.23 PB Ratio: 1.52 GF Score: 80/100
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Canadian Utilities Ltd Annual Shareholders Meeting Transcript

May 08, 2019 / 04:00PM GMT
Release Date Price: €24.12 (-2.03%)
Nancy C. Southern
Canadian Utilities Limited - Executive Chair

We're here this morning on this beautiful day here in Edmonton, and welcome to the 92nd Annual Meeting of Shareowners for Canadian Utilities. Now before we proceed with the formalities today, I'm going to take the liberty of a departure. And as your Chair, I want to take just a few moments to reflect on your company and its people.

29 years ago, ATCO acquired more than 50% of Canadian Utilities from an American company, and it continues to hold more than 50% of Canadian Utilities today. And since that time, your company has faced and weathered many challenges: global recessions, inflation, deflation, high interest rates and low interest rates, the National Energy Program of the '80s, and Version 2, the National Energy Destruction Policy we currently face. We entered deregulation. We squarely faced global competitors and won more than our fair share, often in the absence of a level playing field.

And through it all, you and ATCO believed in us. You supported us, and you trusted us to do the right thing for you, our owners,

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