ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, March 01, 2021 (GLOBE NEWSWIRE) -- AltaLink has filed an application to help flatten its rates by refunding $350 million to customers, … That's equivalent to nearly a quarter of SNC-Lavalin's (TSX:SNC) trading price, which closed up $1 or 2.4 per cent at $42.35 in Monday trading on the Toronto Stock Exchange. Based on the terms of the agreement and assuming a December 31, 2014 closing date, gross proceeds to SNC-Lavalin from the sale will be approximately $3.2 billion. The move, combined with its previous rate initiatives, would reduce the AltaLink portion of each Albertan's electricity bill by an average of 11 per cent per year between 2021 and 2023. CALGARY, Alberta, Nov. 26, 2020 (GLOBE NEWSWIRE) -- AltaLink, PiikaniLink (PLP) and KainaiLink’s (KLP) strong commitment to sustainability in their operations was recognized this week during a virtual awards ceremony hosted by the Canadian Electricity Association (CEA). Stantec trades on the TSX and the NYSE under the symbol STN. AltaLink continues to invest in transmission facilities to ensure the reliability of the electricity grid. The Toronto Stock Exchange's S&P/TSX composite index was up 63.30 points, or 0.43 percent, at 14,727.37. The Toronto Stock Exchange's S&P/TSX composite index was up 63.30 points, or 0.43 percent, at 14,727.37. Xerox Launches ConnectKey-Enabled AltaLink Digital Workplace Assistant. AltaLink and FulcrumAir partner to become first in the world to use robotic technology aimed at improving bird safety. It is headquartered in Calgary, Alberta and has offices in Toronto, Vancouver, and Montreal. SNC-Lavalin looking to unlock value with sale of AltaLink BHE Canada was established in 2015 after Berkshire Hathaway Energy (BHE) made its foray into the Canadian market with the purchase of AltaLink, Alberta’s largest independent transmission provider.BHE Canada is poised for growth in building a greener, more sustainable energy future for all Canadians. 2 Top TSX … Find the latest SHAW COMMUNICATIONS INC (SJRWF) stock quote, history, news and other vital information to help you with your stock trading and investing. Ms. Riddell Rose graduated from Queen's University with a Bachelor of Science degree in Geological Engineering. Cookies are used to offer you a better browsing experience and to analyze our traffic. A wholly-owned subsidiary of Berkshire Hathaway Energy, AltaLink is part of a global group of companies delivering energy services to customers worldwide. Energy stocks were the biggest decliners on the benchmark as the price of oil continued to slide despite China’s move to stabilize the yuan. A flurry of acquisition deals and earnings reports also provided support. Riddell Rose is also a director of Tervita Corporation (a public industrial waste management and environmental services company) and a member of the Board of Directors of Altalink LP, a reporting issuer whose shares are not publicly traded. The U.S. oil giant continues to reward investors with its windfall. The LineFly employs autonomous robotic technology to precisely install bird markers at any desired spacing along a transmission line. AltaLink’s full financial results and management’s discussion and analysis can be found on AltaLink’s website at www.altalink.ca or on SEDAR at www.sedar.com. SNC-Lavalin Group Inc. will consider selling all of its AltaLink unit as well as listing a minority stake on the stock market, Chief Executive Officer Robert Card said. AltaLink is partnering with its customers to provide innovative solutions to meet the province’s demand for reliable and affordable energy. All trading through the Exchange is done electronically, so the Exchange does not have a "trading floor". NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Description. SNC-Lavalin (TSX: SNC) is pleased to announce it has entered into a binding agreement to sell 100 percent of its interest in AltaLink, Alberta’s largest regulated electricity transmission company, to Berkshire Hathaway Energy. This follows the receipt of regulatory approvals from the Alberta Utilities Commission and approvals pursuant to the Competition Act and Investment Canada Act. Industry: Stock exchange. By John Tilak TORONTO (Reuters) - Canada's main stock index climbed to its highest in almost six years on Friday after higher commodity prices drove strong advances in natural resource shares, offsetting mixed U.S. jobs data. 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