ACO.Y ATCO Ltd

Partners ATCO Frontec and the Fort McKay First Nation have been selected by
Suncor Energy to create and operate a more than 1,000 room accommodation complex
to support oil sands development north of Fort McMurray.


In addition to 1,148 rooms in modular units supplied by ATCO Structures, the
complex includes a dining room, games room, fitness centre, meeting rooms,
television rooms, laundry facilities and on-site parking. The complex, in place
for a one-year period, is expected to open on May 25, 2008.


"This first-time opportunity to provide accommodation and services to Suncor
builds on our existing business relationship with the Fort McKay Nation," said
Harry Wilmot, President ATCO Frontec. "A project of this magnitude significantly
increases ATCO Frontec's presence in the Regional Municipality of Wood Buffalo
and once again demonstrates our proven capabilities in the camp services
sector."


Project construction and day-to-day operations will be managed by ATCO Frontec.
On-site construction services will be handled by the Fort McKay Group of
Companies.


"We are pleased to be working on another large-scale project with ATCO," said
Chief Jim Boucher of the Fort McKay First Nation. "Together, our project team
has the experience and resources to meet the accommodation needs of a large
energy-industry leader like Suncor."


The complex for Suncor is located on Fort McKay land across from Creeburn Lake
Lodge. The Creeburn Lake Lodge, located 65 kilometres north of Fort McMurray, is
the first joint venture between Fort McKay and ATCO Frontec. The initial phase
of the 500-room Lodge opened earlier this month and due to market interest,
evaluation is underway to consider doubling capacity to 1,000 rooms.


The Fort McKay First Nation is comprised of Cree and Dene people who have a
strong historical attachment to the region. Fort McKay is considered one of the
most progressive First Nations in Canada, and has established a wide range of
oil industry-based companies that provide employment opportunities and revenue
for the community. Visit www.fortmckay.com for more information.


ATCO Frontec, a subsidiary of Canadian Utilities Limited, part of the ATCO Group
of companies, specializes in the rapid mobilization and delivery of site support
and camp services to the resource, defence, transportation, and
telecommunications sectors. More information about the company is available at
www.atcofrontec.com.


ATCO Group, an Alberta-based worldwide organization of companies with assets of
approximately $8.0 billion and more than 7,800 employees, is comprised of three
main business divisions: Power Generation; Utilities (natural gas and
electricity transmission and distribution) and Global Enterprises (industrial
manufacturing, technology, logistics and energy services).


More information about ATCO Ltd. can be found at www.atco.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "anticipate", "plan", "expect", "may", "will",
"intend", "should", and similar expressions. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
statements. The Corporation believes that the expectations reflected in the
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon.


The Corporation's actual results could differ materially from those anticipated
in these forward-looking statements as a result of regulatory decisions,
competitive factors in the industries in which the Corporation operates,
prevailing economic conditions, and other factors, many of which are beyond the
control of the Corporation.


The forward-looking statements contained in this news release represent the
Corporation's expectations as of the date hereof, and are subject to change
after such date. The Corporation disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable securities
regulations.

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