AltaLink, L.P. Announces Proposed Internal Reorganization
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AltaLink, L.P. (“ALP”) announces that it expects to undertake an internal reorganization (the “Internal Reorganization”) which will result in, among other things, BHE AltaLink Ltd. (“BHEAL”) becoming the regulated transmission utility and holding, directly or indirectly, all of the assets (including the associated KainaiLink, L.P. and PiikaniLink, L.P. partnership interests) and liabilities presently held by ALP. In connection with the Internal Reorganization BHEAL will also change its name to AltaLink Ltd.
The Internal Reorganization is being structured as a plan of arrangement under section 193 of the Business Corporations Act (Alberta) and, in connection therewith, a notice of originating application (the “Notice”) will be filed with the Court of King’s Bench of Alberta, a copy of which will be provided to relevant third parties in connection with the Internal Reorganization in due course. A copy of the Notice will also be made available under ALP’s profile on SEDAR+ and ALP’s website. Each of the entities involved in the Internal Reorganization are direct or indirect wholly owned subsidiaries of BHEAL.
