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August 02, 2015 5:38 AM ET

Electric Utilities

Company Overview of EPCOR Utilities, Inc.

Company Overview

EPCOR Utilities Inc. builds, owns, and operates electrical transmission and distribution networks, and water and wastewater treatment facilities and infrastructure in Canada and the United States. The company’s Water Services segment treats, tests, distributes, and sells water; treats wastewater; and offers water and wastewater plant financing and construction services. This segment owns approximately 8 and operates 19 other water treatment and distribution facilities; owns 5 and operates 23 other wastewater treatment and collection facilities; 2 water treatment plants; a wastewater treatment plant; a distribution network with 3,900 kilometers of distribution and transmission mains; 19,400 h...

2000, 10423 – 101 Street NW

Edmonton, AB T5H 0E8

Canada

Founded in 1891

2,710 Employees

Key Executives for EPCOR Utilities, Inc.

Chief Executive Officer and President
Age: 55
Chief Financial Officer and Senior Vice President
President of EPCOR Water (USA)
Senior Vice President of Commercial Services
Compensation as of Fiscal Year 2015.

EPCOR Utilities, Inc. Key Developments

EPCOR Utilities, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

EPCOR Utilities, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company’s Net income was $69 million on revenues of $473 million for the three months ended March 31, 2015 compared with $38 million on revenues of $464 million for the corresponding period in the previous year. Net income in the first quarter of 2015 was higher primarily due to higher approved customer rates and higher favorable fair value adjustments related to financial electricity purchase contracts. Net cash flows from operating activities were $113 million compared with $100 million for the corresponding period in the previous year. Investment in capital projects was $70 million compared with $63 million for the corresponding period in the previous year.

EPCOR Utilities, Inc. Announces Retirement of David Stevens as President & CEO

EPCOR Utilities, Inc. announced the retirement of President & CEO David Stevens. Mr. Stevens will remain in his position as the Board initiates the recruitment process for his replacement.

EPCOR May Sell Capital Power

EPCOR Utilities, Inc. said it plans to eventually sell all or a substantial portion of its remaining interest in Capital Power Corporation (TSX:CPX) subject to market conditions, based on its requirements for capital and other circumstances that may arise in the future.

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