August 27, 2016 9:58 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, distributes, and sells water; treats wastewater; and offers water and wastewater plant financing and construction services. This segment owns approximately 6 and operates 17 other water treatment and distribution facilities; owns 4 and operates 22 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; 19,800 hydrants...

10423 – 101 Street North West

Suite 2000

Edmonton, AB T5H 0E8

Canada

Founded in 1891

2,795 Employees

Phone:

780-412-3414

Key Executives for EPCOR Utilities, Inc.

Chief Executive Officer and President
Age: 52
Chief Financial Officer and Senior Vice President
President of EPCOR Water (USA)
Senior Vice President of Commercial Services
Senior Vice President of Electricity Operations
Compensation as of Fiscal Year 2016.

EPCOR Utilities, Inc. Key Developments

EPCOR Looking To Expand Its Water Distribution Services

EPCOR Utilities, Inc. is seeking acquisition in order to expand its business in water distribution after its first acquisition in Texas. Joe Gysel president of the company said, we are looking forward to developing and acquiring other similar businesses in the future.

EPCOR Utilities, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

EPCOR Utilities, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenues were CAD 479 million against CAD 489 million a year ago. Net income was CAD 67 million compared with CAD 139 million for the corresponding period in the previous year. Net income was lower in part due to the gains on the partial sell-down and reclassification of the company's investment in Capital Power L.P. in April 2015 with no corresponding gains in 2016, less favorable fair value adjustments related to financial electricity purchase contracts, and lower income from Capital Power Corporation and its subsidiaries. Income from core operations was CAD 68 million compared with CAD 48 million for the corresponding period in the previous year. The increase in net income from core operations is primarily due to higher approved electricity and water customer rates and gains on sales of surplus land. Net cash flows from operating activities were CAD 87 million compared with CAD 170 million for the corresponding period in the previous year. The decrease was primarily due to a lower favorable change in non-cash operating working capital. For the six months, the company reported revenues were CAD 954 million against CAD 962 million a year ago. Net income was CAD 145 million compared with CAD 208 million for the corresponding period in the previous year. Net income was lower in part due to the gains on the partial sell-down and reclassification of the company's investment in Capital Power L.P. in April 2015 with no corresponding gains in 2016, less favorable fair value adjustments related to financial electricity purchase contracts, and lower income from Capital Power Corporation and its subsidiaries. Income from core operations was CAD 143 million compared with CAD 98 million for the corresponding period in the previous year. The increase in net income from core operations is primarily due to higher approved electricity and water customer rates and gains on sales of surplus land. Net cash flows from operating activities were CAD 223 million compared with CAD 283 million for the corresponding period in the previous year. The decrease was primarily due to a lower favorable change in non-cash operating working capital.

EPCOR Utilities, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

EPCOR Utilities, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, revenues were $475 million against $473 million a year ago. Net income was $78 million against $69 million a year ago. Cash inflows operating activities were $136 million against $113 million a year ago. The increase of $9 million net income was due in part to higher approved electricity and water customer rates, gains on sales of surplus lands, higher income related to industrial service contracts, and dividend income from investment in Capital Power. Partially offsetting these increases was no equity share of income of Capital Power L.P. and lower favorable fair value adjustments related to financial electricity purchase contracts. Investment in capital projects was $88 million, compared with $70 million for the corresponding period in the previous year. Net income from core operations was $75 million compared with net income from core operations of $50 million for the corresponding period in the previous year. Net income from core operations was higher in part due to higher approved electricity and water rates and the gains on sales of surplus lands.

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Recent Private Companies Transactions

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