TriSummit Utilities Inc.

Recent News

  • 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
  • TriSummit Utilities Inc. Releases Inaugural ESG Report and Announces Its Commitment to Reduce GHG Emissions from Its Operations

    Calgary, Alberta--(Newsfile Corp. - November 24, 2021) - TriSummit Utilities Inc. ("TriSummit or TSU") announced today that it has published its 2021 Environmental, Social, and Governance Report, in conjunction with TSU's commitment to reduce GHG emissions from its operations to Net-Zero by 2030. TSU is committed to helping Canada and the world transition to a low-carbon energy system."At TriSummit, we are committed to our people, our customers, our communities, indigenous relations and the environment," said Jared Green, President and...

    2021-11-24 8:57 AM EST
  • TriSummit Utilities Inc. Closes $100 Million Medium-Term Note Offering

    Calgary, Alberta--(Newsfile Corp. - April 7, 2020) - 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 3.13% and mature on April 7, 2027.The net proceeds resulting from the Offering will be used (i) as to approximately $96 million, to repay amounts outstanding under TSU's syndicated revolving credit facility, and (ii) as to the remainder, for general corporate purposes.The Offering was made...

    2020-04-07 8:58 AM EDT
  • TriSummit Utilities Inc. Announces $100 Million Medium-Term Note Offering

    Calgary, Alberta--(Newsfile Corp. - April 3, 2020) - 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 3.13% and mature on April 7, 2027.The Offering is expected to close on or about April 7, 2020. The net proceeds resulting from the Offering will be used (i) as to approximately $96 million, to repay amounts outstanding under TSU's syndicated revolving credit facility,...

    2020-04-03 5:10 PM EDT
  • PSP Investments and ATRF Complete Acquisition of AltaGas Canada Inc.

    Calgary and Edmonton, Alberta, and Montreal, Quebec--(Newsfile Corp. - March 31, 2020) - AltaGas Canada Inc. (TSX: ACI) ("ACI"), the Public Sector Pension Investment Board ("PSP Investments") and the Alberta Teachers' Retirement Fund Board ("ATRF") are pleased to announce the completion today of the acquisition of all of the 30,000,000 common shares of ACI ("Common Shares") by PSPIB Cycle Investments Inc. (the "Purchaser"), a wholly-owned subsidiary of TriSummit Cycle Holding Inc. ("Holdco"), in an all-cash transaction pursuant to a plan...

    2020-03-31 9:39 AM EDT