Formerly CUI
In 2019, the City took over control and supervision of CUI. The City, as sole shareholder, appointed its municipal councillors as the directors of CUI and the decision was made to return utility services to the City.
As part of this transition, CUI changed its name to 1538974 Alberta Ltd. Once CUI’s debt is paid off, the corporation will be dissolved.
While the corporation continues as a legal entity for the purpose of holding and paying off CUI’s debt and still has legal responsibilities under the Chestermere Utilities Exclusivity Bylaw, the City has entered into agreements with the corporation for the City to provide the day-to-day operation of water, wastewater, and stormwater services, solid waste collection and disposal, and recycling within the City.
Annual financial statements and other reports are listed here:
Financial Reports
- 2024 1538974 AB Financial Statement
- 2023 1538974 AB Financial Statement
- 2022 1538974 AB Ltd. Financial Statements
- 2021 1538974 AB Ltd. Financial Statements
- 2020 Audited Financial Statements
- 2020 Rate Base Results
- 2019 Audited Financial Statements
- 2019 Rate Base Results
- 2018 Rate Base Results
- 2018 Audited Financial Statements
- 2017 Rate Base Results
- 2017 Audited Financial Statements
- 2017 Management Discussion and Analysis
- 2016 Financial Statements & Rate Base Results
- 2015 Financial Statements
- 2014 Report (Financial Statements Included)
- 2013 Report (Financial Statements Included)
- 2012 Report (Financial Statements Included)
Annual Reports To The Community
For more historical financial statements, please contact the City at (403) 207-7050.