ATCO Ltd. (ACO-X.TO), Friday announced that its subsidiary, Canadian Utilities Limited, has received approval from the Alberta Utilities Commission on the Need Assessment Application for the Yellowhead Pipeline Project.
The company added that the project will empower communities, enable industrial growth and reinforce its commitment to responsible development across the province.
Meanwhile, Canadian Utilities' operating entity ATCO Energy Systems is expected to file a separate facilities application later this year for construction and operation of the physical infrastructure, which is expected to commence in 2026.
ATCO's stock closed at C$51.34, up 1.12 percent on the Toronto.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.