Press release from Marketwire
ATCO Pipelines Signs Agreement With Samson Cree Nation
Thursday, May 30, 2013
ATCO Pipelines Signs Agreement With Samson Cree Nation16:48 EDT Thursday, May 30, 2013
HOBBEMA, ALBERTA--(Marketwired - May 30, 2013) -
Editor's Note: There is a photo associated with this press release.
ATCO Pipelines announced today that it has reached an agreement with the Samson Cree Nation that will see the two parties participate on the replacement of a 219 mm (8 inch) pipeline running through the First Nation.
This pipeline is a critical piece of a larger network that provides natural gas service to communities between Red Deer and Viking, including Lacombe, Ponoka, Camrose, Wetaskiwin and the four First Nations near Hobbema. The original pipeline was constructed in 1946.
"We have worked very closely with the Samson Cree Nation to develop a comprehensive agreement that will provide long-term benefits to the community, while also allowing ATCO Pipelines to upgrade a critical piece of infrastructure that serves several central Alberta communities," said Brendan Dolan, President, ATCO Pipelines. "This agreement builds upon ATCO's track record of developing mutually-beneficial relationships with Aboriginal groups across Canada and ATCO Pipelines' commitment to our First Nations partners in the area."
The agreement also outlines a commitment by ATCO Pipelines to explore employment and training opportunities with the First Nation related to this project. In addition, ATCO Pipelines will invest in the community through its support of the Samson Cree Nation Education Trust Fund.
"The Samson Cree Nation values this agreement with ATCO Pipelines and looks forward to building a productive relationship over many years," said Chief Marvin Yellowbird of the Samson Cree Nation. "Through this agreement and ATCO's support of our initiatives we can continue to build a strong and vibrant community."
The Samson Cree Nation is one of the four bands comprising the Mascwacis and falls under the provisions of Treaty 6. It is located south of Wetaskiwin, near Hobbema and has a population of approximately 5,500 people, making it the third largest First Nation in Alberta.
ATCO Pipelines, part of the ATCO Group of Companies, provides reliable and efficient delivery of natural gas and is committed to operational excellence and superior customer service while ensuring the safety of our employees and the public.
ATCO Ltd., with more than 9,400 employees and approximately $14 billion in assets, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Structures & Logistics (manufacturing, logistics and noise abatement), Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquids extraction) and Technologies (business systems solutions). More information can be found at www.atco.com.
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent the Corporation's expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20130530-530aco_800.jpg
FOR FURTHER INFORMATION PLEASE CONTACT:
Manager, Corporate Communications