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This entity specialized in oil and gas exploration and production, and the processing and marketing of natural gas.

Alberta saw the formation of another new gas and electric company, Northland Utilities, Limited, which served customers in the Peace River area. CU's most recent quarterly dividend payment was made to shareholders of record on Sunday, March 1.

To alleviate this shortage, Canadian Western began an effort to develop new supplies of gas.

In addition to planning the construction of the Bow Island pipeline, the company acquired two established Calgary franchises: a coal gas plant consisting of 30 miles of pipe serving 2,200 customers and a pipeline serving about 50 customers, including the Calgary Brewing & Malting Company.

The resulting lawsuits from this event threatened to put Northwestern into bankruptcy. Canadian Western prevailed in 1917, when the Supreme Court of Alberta ruled that it did have the right to provide gas to all parts of the city.

In 1954 the first step to uniting Alberta's gas and electric companies was taken, when one man, F. Austin Brownie, president of Northwestern and Canadian Western, was also appointed head of Canadian Utilities. In 1944, the Dominion Gas and Electric Company merged with the International Utilities Company, the old American partner of the Alberta companies. Over the year, Canadian Western gained a client base of 3,400, whom it served from 20 wells yielding gas in the Bow Island field.

One year later, another well at this site, the Atlantic No. All dividends paid on Canadian Utilities Limited shares on or after January 1, 2006 are designated "eligible dividends" for Canadian income tax purposes unless Canadian Utilities Limited indicates otherwise. This group was formed from the ATCO Gas & Oil operations and the non-utility branches of CU. While employed by the Canadian Pacific Railway (CPR) in 1909, Coste discovered a large natural gas reserve on a bank of the South Saskatchewan River in southern Alberta. These included Northern Power and Light, Ltd. and Mid-West Utilities, Limited, which in turn owned Vegreville Utilities, Ltd. During this time, Mid-West Utilities changed its name to Canadian Utilities, Limited, hoping to avoid confusion with another American utility company of the same name. Canada's oil boom began in February of that year with the discovery of oil near the town of Leduc, Alberta, and increasing numbers of people began moving to the area to share in the wealth. One of CU's missions during the 1970s was to respond to environmental issues. In 1961, International Utilities, the corporate owner of the three linked Alberta companies, also purchased Northland Utilities, Limited, and merged this company into the group.

Discover historical prices for CU.TO stock on Yahoo Finance.

We see them around but we don't know what goes on behind the scenes.

The company purchased additional power plants in key locations, and then ran transmission lines between them. By 1920, supplies of gas in Canadian Western's Bow Island field had begun to wane. Further belt-tightening was implemented in 1997 with the reduction of about 350 jobs from CU's utility companies, Canadian Western Natural Gas, Northwestern Utilities, and Alberta Power.