Atco chairman urges firms to join forces

Article Abstract:

Atco Ltd chairman and CEO Ronald Southern urged his two rivals in Alberta to join his company to create a united front against expected US competition. He said an alliance between Atco, Enmax Corp and Epcor Utilities would make sense because the Alberta's major utilities all use the same computer and billing systems. His proposal would create a 12- member board of directors with equal representation from the three companies.

Electric Power Generation, Transmission and Distribution, Strategic alliances, Electric Utilities, Atco Ltd., Enmax Corp.

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Investor moves Husky stake

Article Abstract:

Li Ka-shing, the Hong Kong billionaire who controls Hong Kong-based Hutchison Whampoa Ltd., will move his 36.5% stake in Husky Energy Inc. to Luxembourg. Husky Energy is prepared to issue strong dividends to its shareholders, allowing Mr. Ka-shing to receive tax benefits for his dividend in Luxembourg.

Financial management, COMMUNICATION, Communications, Broadcasting and Telecommunications, Executive changes & profiles, Hong Kong, Luxembourg, Officials and employees, Finance, Telecommunications services industry, Telecommunications industry, Communications industry, Portrayals, Gas industry, Hutchison Whampoa Ltd., Company financing, Li Ka-shing, Husky Energy Inc., Petroleum and gas industry software

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