Halloween Massacre of income trusts shed surprisingly little blood

The virtual elimination of business income trusts by year's end has not cost one of the country's leading authorities on the investment vehicle her job. But Leslie Lundquist says with a laugh: "I consistently asked myself about that the last four years."

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Controversial pipeline plan 'critical' to prosperity: Liepert

Alberta Energy Minister Ron Liepert has come out swinging in support of Enbridge's embattled Northern Gateway pipeline project, which is facing stiff opposition from environmentalists and First Nations groups.

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Alberta looking to Asia for natural gas customers

Alberta is keen to find offshore buyers for the province’s natural gas, and plans to join British Columbia and Saskatchewan in a cooperative effort to “sell the West” in Asian markets, says Energy Minister Ron Liepert.

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Downtown office vacancies to increase with opening of Epcor Tower

Downtown landlords have been quietly lowering rents and re-signing leases with tenants to keep them off the market when the new Epcor Tower opens next year.

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Business briefs

Titanium Corp. announced that it has completed a brokered private placement of shares and warrants, generating gross proceeds of $14.3 million.

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Cenovus Energy builds its own modules at Nisku yard

Frustrated with uneven quality and missed deadlines for its in situ oilsands expansions, Cenovus Energy took over complete control of its construction projects three years ago and has created a top-quality, efficient system centred near Edmonton that could be copied by other firms.

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• ERCB initiative aims to fast-track innovation
• Safety around power lines a major concern
• $2B oilsands expansion approved

Servus doles out largest-ever profit share

Servus Credit Union has announced that its more than 400,000 Alberta member-owners will receive a total of $43 million through its annual profit sharing program.

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AIMCo beefs up senior management team

Alberta Investment Management Corp. (AIMCo), one of Canada’s largest investment management firms, is beefing up its senior management team. The provincial Crown corporation, which manages $71 billion of government, public sector pension and endowment funds, including the $14.8 billion Alberta Heritage Savings Trust Fund, has appointed four executives to senior posts.

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Edmonton’s Epcor sells $200 million worth of Capital Power shares

City-owned Epcor Utilities has successfully sold $200 million worth of its shares in Capital Power Corp., the first sale of its holdings since the power-generating assets were spun off in June 2009.

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• Edmonton’s Epcor selling $200M stake in Capital Power
• Don Lowry Alberta business person of the year
• Capital Power reaches out
• Edmonton’s Epcor plant stacks coming down
• Epcor Utilities reverses earlier losses

NAIT staffer nabs first place in novaNAIT contest

NAIT staff member Purdy Wiebe’s contact management technology idea has won the third annual novaNAIT technology commercialization challenge, and will receive up to $10,000 in novaNAIT services, including prototype development.

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• NAIT’s new president meets his students and staff
• RFID tags net NAIT students $20,000 prize