ACO.Y ATCO Ltd

ATCO is pleased to announce the winners of its Celebrating Excellence Program - 249 girls and boys from across Alberta who are demonstrating excellence in each of their communities.

"From the thousands of entries we received, it is clear many young Albertans are making a difference in their communities," said Nancy Southern, President and CEO, ATCO Group. "We want to recognize these students for the positive things they are doing."

Students in Grades 4 through 12 were invited to submit short compositions explaining what they are doing to pursue excellence in their lives or how they are demonstrating a commitment to community. One boy and one girl from every constituency in Alberta (166 in total) were drawn randomly from thousands of entries. All 166, along with a parent or guardian, are now being rewarded with a trip to Vancouver while 83 runners-up are receiving laptop computers. A collection of student submissions can be viewed online at www.atco.com.

"It's inspiring to see so many young Albertans striving to better themselves and the people around them," said Cindy Ady, Minister of Alberta Tourism, Parks and Recreation. "I hope these young people will continue their great work in creating a better Alberta."

As partners in ATCO's Celebrating Excellence program, the Government of Alberta and WinSport Canada are providing the winners with tickets to Olympic sport and celebration events as well as a visit to Alberta House in downtown Vancouver.

Alberta-based ATCO Ltd., with more than 7,700 employees and assets of approximately $9.9 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and natural gas liquid extraction), Structures & Logistics (manufacturing, logistics and noise abatement) and Technologies (business systems solutions).

For media inquiries, including names of winning students from your area, please contact the undersigned.

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves 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 information. The Corporation believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Corporation's expectations as of the date hereof, and is subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

Contacts: ATCO Group Carson Ackroyd Vice President, Marketing & Communications (403) 292-7563