TriSummit Utilities Inc.

Recent News

  • TriSummit Utilities Inc. Closes $200 Million Medium-Term Note Offering

    Calgary, Alberta--(Newsfile Corp. - January 11, 2023) - TriSummit Utilities Inc. ("TSU") announced that it has completed its $200 million issuance of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 5.02% and mature on January 11, 2030.The net proceeds resulting from the Offering will be used (i) as to approximately $135 million, to partially finance the acquisition by a subsidiary of TSU of ENSTAR Natural Gas Company, the Alaska Pipeline Company, the Norstar Pipeline Company,...

    2023-01-11 8:55 AM EST
  • TriSummit Utilities Inc. Announces $200 Million Medium-Term Note Offering

    Calgary, Alberta--(Newsfile Corp. - January 9, 2023) - TriSummit Utilities Inc. ("TSU") announced that it has agreed to issue $200 million of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 5.02% and mature on January 11, 2030.The Offering is expected to close on or about January 11, 2023. The net proceeds resulting from the Offering will be used (i) as to approximately $135 million, to partially finance the acquisition by a subsidiary of TSU of...

    2023-01-09 7:05 PM EST
  • TriSummit Utilities Inc. Announces US$165 Million Senior Unsecured Notes Offering by Alaska Utility Holdings Inc. and New US Credit Facility

    Calgary, Alberta--(Newsfile Corp. - December 22, 2022) - TriSummit Utilities Inc. ("TSU") announced that its wholly-owned indirect United States subsidiary, Alaska Utility Holdings Inc. ("AUHI") has entered into a note purchase agreement with institutional investors to issue, on a private placement basis, series A senior unsecured notes in the aggregate principal amount of US$50 million that carry a coupon rate of 5.34% and mature on December 15, 2027, series B senior unsecured notes in the aggregate principal amount of US$25...

    2022-12-22 5:15 PM EST
  • TriSummit Utilities Inc. Receives Regulatory Commission of Alaska Approval for Acquisition of Alaska Utilities Business

    Calgary, Alberta--(Newsfile Corp. - December 22, 2022) - TriSummit Utilities Inc. ("TSU") announced that the Regulatory Commission of Alaska (the "RCA") approved the joint application of its wholly-owned United States subsidiary, Alaska Utility Holdings Inc. ("AUHI"), and SEMCO Energy, Inc. ("SEMCO"), a wholly-owned United States subsidiary of AltaGas Ltd., for AUHI to acquire (the "Acquisition") ENSTAR Natural Gas Company, the Alaska Pipeline Company, the Norstar Pipeline Company and a 65 percent indirect interest in Cook Inlet Natural Gas Storage Alaska,...

    2022-12-22 9:02 AM EST
  • TriSummit Utilities Inc. Closes $100 Million Medium-Term Note Offering

    Calgary, Alberta--(Newsfile Corp. - August 15, 2022) - TriSummit Utilities Inc. ("TSU") announced that it has completed its $100 million issuance of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 5.28% and mature on August 15, 2052.The net proceeds resulting from the Offering will be used (i) as to approximately $98 million, to repay amounts outstanding under TSU's syndicated revolving credit facility and associated operating credit facility, and (ii) as to the remainder, for general...

    2022-08-15 8:51 AM EDT
  • TriSummit Utilities Inc. Announces $100 Million Medium-Term Note Offering

    Calgary, Alberta--(Newsfile Corp. - August 11, 2022) - TriSummit Utilities Inc. ("TSU") announced that it has agreed to issue $100 million of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 5.28% and mature on August 15, 2052.The Offering is expected to close on or about August 15, 2022. The net proceeds resulting from the Offering will be used (i) as to approximately $98 million, to repay amounts outstanding under TSU's syndicated revolving credit facility and...

    2022-08-11 4:19 PM EDT
  • TriSummit to Acquire Utilities in Alaska for Approximately C$1 Billion (US$800 Million)

    Highlights:Significantly enhances TriSummit's position as a premier growing North American utility and renewable energy company with ENSTAR being TriSummit's first move into the United States;ENSTAR will continue to operate as a standalone utility headquartered in Anchorage, Alaska, preserving its corporate identity and providing the same safe, reliable and affordable service to its customers;TriSummit intends to retain all of ENSTAR's dedicated employees and hire new Alaska employees to perform certain functions currently performed out of State;ENSTAR will continue to invest in...

    2022-05-26 7:30 AM EDT
  • TriSummit Utilities Invests in NGIF Cleantech Ventures to Help Achieve Its Commitment to Net Zero Emissions in 2030

    Calgary, Alberta--(Newsfile Corp. - April 20, 2022) - TriSummit Utilities Inc. ("TriSummit" or "TSU"), a Calgary-based owner and operator of natural gas utilities and renewable power assets, today announced an investment in NGIF Cleantech Ventures (the "Fund"). TriSummit joins a consortium of strategic limited partners who are involved in various stages of the natural gas value chain and have also invested in NGIF Cleantech Ventures.This strategic investment will allow TriSummit to preview exciting new energy technologies and have a...

    2022-04-20 10:00 AM EDT