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February 12, 2016 12:19 PM 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: 51
Chief Financial Officer and Senior Vice President
President of EPCOR Water (USA)
Senior Vice President of Commercial Services
Senior Vice President of Corporate Services
Compensation as of Fiscal Year 2015.

EPCOR Utilities, Inc. Key Developments

EPCOR Utilities, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

EPCOR Utilities, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company has posted net loss was $13 million on revenues of $511 million for the three months ended September 30, 2015, compared with net income of $23 million on revenues of $506 million for the corresponding period in the previous year. Net income was lower in part due to the impairment of the available-for- sale investment in Capital Power and higher unfavorable fair value adjustments related to financial electricity purchase contracts, partially offset by higher approved water and electricity customer rates. Net income was $195 million on revenues of $1,473 million for the nine months ended September 30, 2015, compared with net income of $116 million on revenues of $1,405 million for the corresponding period in the previous year. Net income was higher in part due to higher approved customer rates and higher Capital Power net income recorded in the first quarter. Net cash flows from operating activities was $304 million, compared with $253 million for the corresponding period in the previous year. The increase was primarily due to higher funds from operations. Total capital spending and investment was $326 million against $265 million a year ago. Total capital spending and investment was higher for the nine months ended September 30, 2015, compared with the corresponding period in 2014 primarily due to increased spending in the Water Services segment and Distribution and Transmission segment.

EPCOR Utilities, Inc. Presents at The 23rd Annual CCPPP National Conference on Public-Private Partnerships, Nov-02-2015 03:15 PM

EPCOR Utilities, Inc. Presents at The 23rd Annual CCPPP National Conference on Public-Private Partnerships, Nov-02-2015 03:15 PM. Venue: Toronto Sheraton Hotel, Toronto, Ontario, Canada. Speakers: Audrey Cudrak, Director, Project and Technical Services.

EPCOR Utilities, Inc. Appoints Nizar J. Somji to its Board of Directors

EPCOR Utilities Inc. announced the appointment of Nizar J. Somji to its Board of Directors effective September 11, 2015. Mr. Somji was the founder and former President & CEO of Matrikon, a leader in industrial intelligence, which developed software allowing plants to operate safety, reliably and efficiently, in addition to cyber security solutions. Currently, Mr. Somji is the founder and CEO of Jaffer Inc., a real estate investment /development company established in 2005 and headquartered in Edmonton.

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