15:54:43 EDT Tue 31 Mar 2026
Enter Symbol
or Name
USA
CA



Canadian Utilities Ltd
Symbol CU
Shares Issued 205,542,087
Close 2026-03-30 C$ 48.77
Market Cap C$ 10,024,287,583
Recent Sedar+ Documents

Globe says TransAlta, others seen as AI winners

2026-03-31 09:15 ET - In the News

See In the News (C-TA) TransAlta Corp

The Globe and Mail reports in its Tuesday edition that BCE recently announced a new 300-megawatt data centre to be built in Saskatchewan. The Globe's Scott Barlow writes that Scotiabank analyst Maher Yaghi noted that next door, Alberta has a new strategy to attract $100-billion in private investment aimed at making the province a premier destination for AI infrastructure. Abundant natural gas for power generation is a major selling point. In late 2025, the Alberta Electric System Operator committed to sell 1.2 gigawatts of power to two planned data centres as part of the initiative. Brookfield and the Canada Pension Plan are part of the ownership group. More data centres in Alberta means more profit for TransAlta. Higher power demand would push selling costs to the $80 to $120 per megawatt range and add $200-million to $650-million to annual cash flow. Capital Power would be another winner. The company has already secured a data centre buyer for 250 megawatts of energy capacity in Alberta. Pembina Pipeline is another potential beneficiary. The company has entered into a partnership with a subsidiary of the OPTrust pension plan to build a 1,864-gigawatt power station to be co-located with a major data centre.

© 2026 Canjex Publishing Ltd. All rights reserved.