AltaLink Takes Action to Reduce Wildfire Risk

AltaLink’s safe delivery of affordable and reliable electricity for its customers is highlighted in its 2026 second quarter results:

• We continued to achieve a strong customer satisfaction average score of 9.67 out of 10.
• Our low customer average outage duration continued at six minutes for the quarter.
• We had zero employee injuries during the quarter.
• On June 26, 2026, AltaLink energized the Central East Transfer-Out project, which enhances transmission capacity and flexibility in central eastern Alberta. The project strengthens grid reliability, supports the connection of new generation resources, and improves the movement of power across the province. Following energization, AltaLink will finalize its drawdown on the Canada Infrastructure Bank financing arrangement, which is expected to reduce financing costs by approximately $135 million over the project’s 30-year term, including about $60 million attributable to AltaLink’s share, delivering savings to Alberta ratepayers. As at June 30, 2026, AltaLink has invested $190.5 million in this project.
• On June 18, 2026, AltaLink and its affiliates filed an application with the AUC for approval of an internal corporate reorganization. The proposed structure removes inactive entities to simplify the transmission utility business organizational structure, reduce administrative costs and align the actual corporate structure to the deemed corporate structure used in general tariff applications when determining recovery of taxes. The reorganization will have no impact on the ratepayer or regulated operations. On July 20, 2026, the Alberta Utilities Commission approved the reorganization.
• On April 9, 2026, AltaLink filed its compliance filing with total revised revenue requirements, including PLP and KLP, of $904.0 million and $939.2 million for 2026 and 2027, respectively. On June 11, 2026, the AUC approved AltaLink’s 2026-2027 GTA compliance filing as filed. The AUC will finalize AltaLink’s 2026-2027 transmission tariff in due course, following the outcome of the 2025 Extreme Weather Events Self-Insurance Application Proceeding which is anticipated in the fourth quarter of 2026. The total revenue requirement of $904.0 million for 2026, pending final AUC approval, will enable AltaLink to continue to achieve revenue requirement at or below the 2018 approved revenue requirement for eight consecutive years.
• On June 5, 2026, AltaLink filed its 2025 Extreme Weather Events Self-Insurance Application requesting approval to recover $17 million of expenditures, pursuant to its self-insurance reserve and capitalization policies, related to the Lac La Biche wildfire and Brooks storm events.
• On June 26, 2026, with the release of our 2025 Sustainability Report, AltaLink continued to demonstrate its commitment to sustainability as it operates the transmission system that supplies millions of Albertans with electricity.
• On July 20, 2026, AltaLink issued $350.0 million of 5.111% 30-year Series 2026-1 Senior Secured Notes.
• We earned net and comprehensive income of $74.2 million in the quarter, compared to $82.6 million in the same period in 2025. The decrease was primarily driven by regulatory outcomes related to the recovery of certain 2024–2025 wildfire mitigation capital investments.
• We invested $97.9 million in capital assets compared to $112.1 million for the same quarter in 2025 to ensure continued electric transmission system safety and reliability and to connect customers.

https://www.businesswire.com/news/home/20260811192761/en/

Vice President, Treasury and Planning

Vice President, External Engagement