AltaLink Announces Court of King’s Bench Approves Internal Reorganization

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Postmedia has not reviewed the content. by Business Wire AltaLink Announces Court of King's Bench Approves Internal ReorganizationAuthor of the article:NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCALGARY, Alberta — AltaLink, L.P. (“ALP”) is pleased to announce that BHE AltaLink Ltd. (“BHEAL”) has obtained the final order (the “Final Order”) from the Court of King’s Bench of Alberta (the “Court”) approving its previously announced internal reorganization (the “Internal Reorganization”). The Internal Reorganization will be completed by way of a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (Alberta).Subject to the satisfaction or waiver of the other conditions to closing contained in the arrangement agreement dated July 9, 2026 (the “Arrangement Agreement”), among ALP, BHEAL and certain other wholly-owned direct or indirect subsidiaries of BHEAL (collectively, the “AltaLink Entities”), as amended by the amending agreement dated August 27, 2026 (the “Amending Agreement”), the Internal Reorganization is expected to be completed on October 1, 2026.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe Internal Reorganization will result in, among other things, AltaLink Ltd. (being the successor to ALP and certain AltaLink Entities under the Plan of Arrangement) becoming the regulated transmission utility and holding, directly or indirectly, all of the assets and liabilities presently held by ALP. Each of the entities involved in the Internal Reorganization are direct or indirect wholly-owned subsidiaries of BHEAL.A copy of the Final Order will be provided to relevant third parties in connection with the Internal Reorganization and will be made available under ALP’s profile on SEDAR+ and ALP’s website, www.altalink.ca. Further details regarding the Internal Reorganization are set out in the notice of originating application, amended notice of originating application, and originating application filed with the Court in connection with the Internal Reorganization, the Arrangement Agreement, the Amending Agreement and the Plan of Arrangement (attached as Schedule “A” to the Amending Agreement), each of which are also available under ALP’s profile on SEDAR+ and ALP’s website, www.altalink.ca.Headquartered in Calgary, with offices in Edmonton, Red Deer and Lethbridge, AltaLink, L.P. is Alberta’s largest electricity transmission provider, with approximately 13,400 kilometres of transmission lines and more than 310 substations. AltaLink, L.P. is partnering with its customers to provide innovative solutions to meet the province’s demand for reliable and affordable energy.This news release does not constitute an offer to sell or the solicitation of an offer to buy AltaLink, L.P.’s securities in any jurisdiction, including but not limited to, the United States. AltaLink’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as “expects”, “intends”, “projects”, “plans”, “anticipates”, and similar expressions, are forward-looking information that represents management of AltaLink, L.P.’s internal projections, expectations or beliefs concerning, among other things, the Internal Reorganization and the timing and impacts thereof, future operating results and various components thereof or the economic performance of AltaLink, L.P.. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AltaLink, L.P.’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in AltaLink, L.P.’s filings with the Canadian securities authorities. Accordingly, holders of AltaLink, L.P. securities and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. AltaLink, L.P. disclaims any responsibility to update these forward-looking statements.View source version on businesswire.com: For more information please contact: Investor Relations Paul Zimba Vice President, Treasury and PlanningThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.