CALGARY, ALBERTA--(Marketwired - July 17, 2014) - CU Inc. announced today, together with its dealers BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities Inc., Scotia Capital Inc. and CIBC World Markets Inc., that it has filed with the securities commissions in each of the provinces of Canada a Preliminary Base Shelf Prospectus to issue up to $2,600,000,000 of Debentures in tranches as required over the next 25 months. The proceeds will be used to fund capital expenditures, to repay existing indebtedness and for other general corporate purposes.
CU Inc. is a wholly owned subsidiary of Canadian Utilities Limited, part of the ATCO Group of Companies. An Alberta-based corporation with more than 5,300 employees and assets of approximately $12 billion, CU Inc. is comprised of rate regulated utility operations in pipelines, natural gas and electricity transmission and distribution. More information about CU Inc. can be found on the Canadian Utilities Limited website at www.canadianutilities.com.