Albertans' will pay 30 million more for water in 5 years.

Market Wire - September 30ATCO Group has launched ATCO Water, a company focused on designing, building and operating leading edge water and wastewater infrastructure and facilities for both industry and municipalities. ATCO Water has reached an agreement with GE Water & Process Technologies to draw on its leading technologies, especially in the fields of purification and advanced recycling.

ATCO Water, a division of ATCO Energy Solutions, will pursue water opportunities both within Alberta and internationally. ATCO Water will be headed by Bob Myles, who has held senior roles in ATCO’s gas, pipelines, midstream and strategic planning groups. It is hoped that ATCO Water will produce as much as $20 million in after tax earnings in as short a time frame as five years