ACO.Y ATCO Ltd

ASHCOR Technologies Ltd., part of ATCO's Power Generation Group, celebrates its
10th anniversary this year, having reduced more than one million tonnes of
carbon dioxide emissions in the past decade.


ASHCOR markets fly ash, the non-combustible portion of coal from ATCO Power's
two thermal generating facilities. Fly ash is a strategic construction material
used as a partial replacement of Portland cement in concrete for homes,
high-rise buildings, roads, dams and for oil and gas well cementing. It is
officially designated by the Canadian Standards Association (CSA) as a
Supplementary Cementing material (SCM). 


"Over the past decade, ASHCOR has captured and re-used a waste by-product which
has the equivalent environmental impact of taking almost a quarter million
vehicles off the road for a full year," said Joe Schnitzer, President, ASHCOR
Technologies Ltd. For every metric tonne of cement displaced by fly ash,
approximately one tonne less of CO2 is released into the atmosphere. 


By marketing more than one million tonnes of fly ash to industries over the last
decade, the life of the ash management sites is also extended. 


ASHCOR has more than doubled its sales over the past five years and continues to
expand across western Canada, and more recently into the Pacific Northwest, said
Mr. Schnitzer, noting ASHCOR is continuing to explore other innovative uses for
this valuable by-product.


"ATCO Power has also taken a leadership role in developing environmentally
progressive power generation projects in Canada, the UK and Australia," said
Rick Brouwer, President, ATCO Power Ltd. "ATCO Power currently owns and operates
hydro electric generation and some of the world's most efficient natural gas
fired cogeneration facilities."


ASHCOR Technologies markets fly ash and other combustion by-products produced at
power stations operated by ATCO Power. ATCO Power, part of the ATCO Group of
Companies, is a world-class developer, construction manager, owner and operator
of technologically advanced independent power generation facilities. ATCO Group,
an Alberta-based worldwide organization of companies with assets of
approximately $8.2 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 (industrials,
technology, logistics and energy services). Further information on ATCO 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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