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February 09, 2016 7:04 PM ET

Electric Utilities

Company Overview of AltaLink, L.P.

Company Overview

AltaLink, L.P. owns and operates regulated electricity transmission facilities in Alberta, Canada. The company’s transmission system connects homes, farms, businesses, and industries to the electricity generated across Alberta. It operates approximately 12,500 kilometers of high-voltage transmission lines and 300 substations. The company also owns and operates interconnection facilities, which connect its system with the transmission network in British Columbia. AltaLink Management Ltd. serves as the general partner of AltaLink, L.P. The company was founded in 2001 and is headquartered in Calgary, Canada. AltaLink, L.P. operates as a subsidiary of Berkshire Hathaway Energy Company.

2611 - 3rd Avenue S.E.

Calgary, AB T2A 7W7

Canada

Founded in 2001

870 Employees

Phone:

403-267-2110

Key Executives for AltaLink, L.P.

Chief Executive Officer of Altalink Management Ltd, President of Altalink Management Ltd and Director of Altalink Management Ltd
Age: 51
Chief Financial Officer of AltaLink Management Ltd and Executive Vice President of AltaLink Management Ltd
Age: 60
Chief Operating Officer of Altalink Management Ltd and Executive Vice President of Altalink Management Ltd
Senior Vice President of Law & Regulatory of Altalink Management Ltd and General Counsel of Altalink Management Ltd
Senior Vice President of Projects of Altalink Management Ltd
Compensation as of Fiscal Year 2015.

AltaLink, L.P. Key Developments

AltaLink, L.P. Announces Earnings Results for the Third Quarter of 2015

AltaLink, L.P. announced earnings results for the third quarter of 2015. For the quarter, the company reported net income of $61.5 million compared with $54.2 million for the same period in 2014. Revenue was $224.0 million compared to $183.6 million in 2014. The growth is primarily due to the increase in investments to expand and reinforce the reliability of the transmission system.

AltaLink, L.P. Announces Earnings Results for the Second Quarter of 2015

AltaLink, L.P. announced earnings results for the second quarter of 2014. The company net income of CAD 58.3 million for the quarter, compared with CAD 49.0 million for the same period in 2014. Revenue for the quarter was CAD 210.0 million compared to CAD 168.5 million in 2014 million in 2014. The growth is primarily due to the increase in investments to expand and reinforce the reliability of the transmission system.

AltaLink, L.P. to Issue $350 Million in Medium-Term Notes

AltaLink has agreed to issue $350 million principal amount of 30 year, 4.09% Series 2015-1 Medium- Term Notes due June 30, 2,045 in an agency transaction with a syndicate led by Scotia Capital Inc., RBC Dominion Securities Inc., and BMO Nesbitt Burns Inc. The syndicate also includes National Bank Financial Inc., TD Securities Inc., and Casgrain & Company Limited. Distribution of the Medium-Term Notes is expected to occur on June 30, 2015. expected to occur on June 30, 2015. The Medium-Term Notes are secured by a first floating charge security interest in the present and future property and assets of AltaLink. The Medium-Term Notes rank pari passu with all senior, secured indebtedness and have priority over all present and future unsecured indebtedness and all subordinated indebtedness. The net proceeds from the issue and sale of the Medium-Term Notes will be used to repay a portion of AltaLink's short-term indebtedness, including indebtedness outstanding under its Commercial Paper Program.

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