ACO.Y ATCO Ltd

ATCO Power Australia Pty Ltd., announced today the construction of a new energy
efficient 86MW natural gas fired power station for Horizon Power. The power
station will be built adjacent to Horizon's Karratha Terminal in the Pilbara
region of Western Australia.


ATCO Power will design, build, own and operate the Karratha Power Station. The
power generated will be sold under a 20-year Power Purchase Agreement (PPA) with
Horizon Power. The power plant is a two-unit GE LM6000 natural gas turbine
simple cycle facility. It will produce power using approximately 35 percent less
gas and 35 percent lower greenhouse gas emissions for each kilowatt hour
compared to existing generation sources. The first unit is expected to be in
place by January 2010.


"Western Australia has experienced high levels of activity in the resource
development sector which has contributed to the need for additional power," said
Rick Brouwer, President, ATCO Power. "This additional generating capacity to the
North West Interconnected System (NWIS) means greater reliability and certainty
in the delivery of power to customers."


Western Australia's Energy Minister, Peter Collier said the plant will be the
most energy efficient in the region.


"The Karratha Power Station will be an integral part of the NWIS as it develops
from a series of loosely connected generators to a true interconnected system
with the reliability and security of the most modern industrial power networks
in the world," he said. 


This is ATCO Power's third generation project in Australia. The company also
operates a 180 MW cogeneration facility in Adelaide and a 33 MW cogeneration
plant at Bulwer Island in Brisbane. 


Horizon Power is the state owned energy company created by the Government of
Western Australia in 2006 to meet the needs of residential and commercial
electricity customers and resource developments in regional Western Australia.
Horizon Power is the energy provider for 31 regional towns and a growing number
of rural communities. It is responsible for generating or procuring,
distributing and selling electricity to approximately 37,000 customers and major
industry in the West Pilbara region.


ATCO Power is a wholly owned subsidiary of Canadian Utilities Limited, part of
the ATCO Group of companies. ATCO Power is a world-class developer, construction
manager, owner and operator of technologically advanced independent power
generation facilities. 


ATCO Group is an Alberta-based worldwide organization of companies with assets
of approximately $8.5 billion and more than 7,800 employees actively engaged in
Power Generation, Utilities (natural gas and electricity transmission and
distribution) and Global Enterprises, with companies active in manufacturing,
technology, logistics and energy services. More 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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