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ATCO News Release October 28 , 2021 ATCO REPORTS HIGHER THIRD QUARTER 2021 ADJUSTED EARNINGS CALGARY , Alberta - ATCO Ltd. ( TSX : ACO.X ) ( TSX : ACO.Y ) ATCO today announced third quarter 2021 adjusted earnings of $ 69 million ( $ 0.60 per share ) , which were $ 15 million ( $ 0.13 per share ) higher compared to $ 54 million ( $ 0.47 per share ) in the third quarter of 2020 . Higher adjusted earnings in the third quarter of 2021 were mainly due to contributions from Canadian Utilities ' International Electricity Operations segment as a result of the June 2021 commencement of LUMA Energy's 15 - year contract to modernize and operate Puerto Rico's electricity transmission and distribution system . Higher earnings were also due to higher levels of inflation in Australia , which positively impacted earnings in Canadian Utilities ' International Natural Gas Distribution segment , and continued strong performance from our Structures and Neltume segments . IFRS earnings attributable to Class I and Class II Shares were $ 52 million in the third quarter of 2021 , $ 2 million lower compared to 2020. Earnings attributable to Class I and Class II Shares include timing adjustments related to rate - regulated activities , unrealized gains or losses on mark - to - market forward and swap commodity contracts , one - time gains and losses , impairments , and items that are not in the normal course of business or a result of day - to - day operations . These items are not included in adjusted earnings . RECENT DEVELOPMENTS ATCO Structures • Completed work on the LNG Canada Cedar Valley Lodge project , a joint venture with Bird Construction and the Haisla Nation . The facility was built to house workers involved in the construction of LNG Canada's natural gas liquefaction and export facility in Kitimat , BC and is one of the largest accommodation facilities ever built in Canada . Awarded a supply contract for a 102 - person accommodation facility with common areas and ongoing support services for the California Department of General Services Forest Fire Recovery in Quincy , California . Commenced installation of the additional 150 - person camp recently awarded as part of the continued efforts to support the rebuild of the China Lake Military Base in Southern California . Awarded a $ 10 million contract to supply 15 double classrooms and 7 two - story classrooms to the Victoria Department of Education in Australia . Awarded an $ 18 million contract with the Robe River Mining Company for the supply of a 120 - unit camp at the Angelo River mine site in Western Australia .