1
 Atco Ltd. said 
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attribution

2
its utilities arm is considering building new electric power plants, some 
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span

3
valued at more than one billion Canadian dollars 
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4
(US$851 million), 
3
restatement-e

5
in Great Britain and elsewhere.
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Same-Unit

6
 C.S. Richardson, Atco's senior vice president, finance, 
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attribution

7
said its 50.1%-owned Canadian Utilities Ltd. unit is reviewing cogeneration projects in eastern Canada, and conventional electric power generating plants elsewhere,
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span

8
 including Britain, 
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9
where the British government plans to allow limited competition in electrical generation from private-sector suppliers as part of its privatization program.
8
elaboration-additional-e

10
 The projects are big.
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 They can be C$1 billion plus, 
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12
Mr. Richardson said. 
11
attribution

13
But we wouldn't go into them alone, 
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List

14
and Canadian Utilities' equity stake would be small, 
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15
he said.
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attribution

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 Ideally, we'd like to be the operator {of the project} and a modest equity investor.
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elaboration-additional

17
 Our long suit is our proven ability to operate power plants, 
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18
he said. 
17
attribution

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 Mr. Richardson wouldn't offer specifics 
5021
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20
regarding Atco's proposed British project, 
19
elaboration-object-attribute-e

21
but he said 
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attribution

22
it would compete for customers with two huge British power generating companies 
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23
that would be formed under the country's plan 
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24
to privatize its massive water and electric utilities.
23
elaboration-object-attribute-e

25
 Britain's government plans to raise about #20 billion 
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26
($31.05 billion) 
25
restatement-e

27
from the sale of most of its giant water and electric utilities, 
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28
beginning next month. 
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elaboration-additional

29
The planned electric utility sale, 
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30
scheduled for next year, 
29
elaboration-additional-e

31
is alone expected to raise #13 billion, 
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32
making it the world's largest public offering.
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elaboration-additional

33
 Under terms of the plan, 
34
circumstance

34
independent generators would be able to compete for 15% of customers until 1994, and for another 10% between 1994 and 1998.
5030
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35
 Canadian Utilities had 1988 revenue of C$1.16 billion, mainly from its natural gas and electric utility businesses in Alberta, 
5032
span

36
where the company serves about 800,000 customers.
35
elaboration-additional-e

37
 There seems to be a move around the world 
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38
to deregulate the generation of electricity,
37
elaboration-object-attribute-e

39
 Mr. Richardson said, 
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attribution

40
and Canadian Utilities hopes to capitalize on it.
5034
elaboration-additional

41
 This is a real thrust on our utility side, 
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42
he said, 
41
attribution

43
adding that Canadian Utilities is also mulling projects in underdeveloped countries, 
5037
elaboration-additional

44
though he would be specific.
5038
antithesis

45
 Canadian Utilities isn't alone in exploring power generation opportunities in Britain, 
5044
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46
in anticipation of the privatization program.
45
circumstance

47
 We're certainly looking at some power generating projects in England, 
5046
span

48
said Bruce Stram, vice president, corporate strategy and corporate planning, with Enron Corp., Houston, a big natural gas producer and pipeline operator.
47
attribution

49
 Mr. Stram said 
5047
attribution

50
Enron is considering building gas-fired power plants in the U.K. 
5047
span

51
capable of producing about 500 megawatts of power at a cost of about $300 million to $400 million.
50
elaboration-object-attribute-e

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