01:06 PM EDT, 05/26/2025 (MT Newswires) -- ATCO (ACO.X.TO) on Monday said its ATCO Gas and ATCO Electric utilities are on track to deliver more than $500 million in savings on distribution rates to its Alberta customers during the current regulatory rate period of 2023-2028.

This company said the savings come on an eight percent reduction in natural gas and electricity utility distribution rates, made possible through ATCO's "focused efficiency measures and cost-saving initiatives" since 2018.

"At ATCO, we understand the pressures Albertans face with rising costs across essential services," said ATCO Energy Systems COO Jason Sharpe. "We're very proud of how our team members - who are also utility customers themselves - have worked diligently to deliver meaningful savings while maintaining the reliability and safety our customers expect."

The company's shares were last seen up $0.05 to $52.14 on the Toronto Stock Exchange.

Price: 52.14, Change: +0.05, Percent Change: +0.10