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SASKENERGY RATE DECREASE APPROVED
Oct 5, 2007
ATCO Midstream Expands in Saskatchewan
ATCO Midstream Ltd. is entering into an agreement to
purchase a 50-percent interest in the Grimes Energy Joint Venture gas plant near the town of
Kisbey as the company continues expansion into Saskatchewan.
ATCO Midstream will partner in the purchase of the plant with Bayhurst Energy Services Corporation,
a subsidiary of SaskEnergy Incorporated. The purchase of the plant, licensed to process 2.5 million
cubic feet of sour gas daily, includes approximately 22 kilometers of pipeline servicing four regional
ATCO Midstream President Kevin Cumming said "This first-ever joint venture with SaskEnergy fits
our growth strategies, complements our existing business, and brings together the skills of two
Bayhurst Energy will be responsible for the operation of the Kisbey gas plant with ATCO Midstream
providing both operational and marketing support. The gas will be delivered to SaskEnergy's
transmission subsidiary, TransGas.
The full transfer of ownership and operation is expected to be in place by November 2007 with
finalization of project specifics occurring over the next month.
The planned purchase is the second expansion of ATCO Midstream into Saskatchewan. Through the
purchase of Wolcott Gas Processing Ltd., in May 2001, ATCO Midstream acquired an interest in the
Nottingham gas plant and Wolstitmor gathering systems, and has since expanded the gathering system
in southeastern Saskatchewan as well into Manitoba.
ATCO Midstream is part of the ATCO Group of companies. ATCO Group, an Alberta based worldwide
organization of companies with assets of $7.8 billion and more than 7000 employees is comprised
of three main business divisions: Power Generation; Utilities (natural gas and electricity
transmission and distribution) and Global Enterprises, with companies active in industrial
manufacturing, technology, logistics and energy services, industrials and technologies. More
information on ATCO Midstream can be found on its website
SaskEnergy, a Crown corporation, has been providing natural gas distribution, transmission
and storage services to Saskatchewan for more than half a century. SaskEnergy has operated an
associated gas facility in the Kindersley, Saskatchewan area since 1957. SaskEnergy delivers the
benefits of safe, convenient and environmentally friendly natural gas to more than 332,000
residential, farm, commercial and industrial customers through its 80,000-kilometer distribution
and transmission pipeline network. For more information about the company, visit SaskEnergy's
web site at: www.saskenergy.com.