ACO.Y ATCO Ltd

Editor's Note: A photo for this release will be available on the CP picture wire
via Marketwire.


ATCO Power's new 86 megawatt Karratha generating station went into full
commercial operation ahead of schedule today, only 16 months after the
environmentally progressive project was first announced.


Located 1,600 kilometres north of Perth, in Western Australia, the natural
gas-fired facility uses 35 percent less gas to produce each kilowatt hour of
electricity compared to existing generation, resulting in 35 percent lower
greenhouse gas emissions.


Constructed, owned and operated by ATCO Power, Karratha will supply electricity
to residential and business consumers on the Pilbara North West Interconnected
System (NWIS) under a 20-year contract with state-owned, Horizon Power.


"High levels of activity in the resource development sector have contributed to
the need for additional power in Western Australia," said Rick Brouwer,
President, ATCO Power. "Adding generating capacity while at the same time being
environmentally responsible, demonstrates ATCO's commitment to the region."


ATCO Power's Managing Director, Australia Operations, Geoff Walshe added: "We
look forward to serving this region and continuing the positive working and
business relationship with Horizon Power that allowed us to achieve today's
milestone ahead of schedule."


Currently comprising two 43 MW high-efficiency gas turbines, the power station
can be expanded with the addition of a heat recovery steam generator (HRSG) that
would generate additional electricity from waste heat.


"Horizon Power's vision is to provide a highly reliable and efficient energy
system to serve the growing needs of regional Western Australia and to
significantly reduce the carbon emissions intensity of energy for the region,"
said Rod Hayes, Managing Director, Horizon Power. "This power station
contributes very well to that vision."


The Karratha Power Station was completed without a single lost time safety
incident. It is ATCO Power's 20th facility worldwide and the company's third
generating project in Australia. ATCO Power also operates a 180 MW Cogeneration
Station at Osborne in Adelaide and a 33 MW Cogeneration Station 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 world-class developer, construction manager, owner and operator
of technologically advanced and environmentally progressive independent power
generation plants. ATCO Power operates power plants in Canada, the United
Kingdom and Australia with a combined capacity of approximately 4970 MW.


ATCO Group, with more than 7,500 employees and assets of approximately $10.0
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 liquids extraction), Structures &
Logistics (manufacturing, logistics and noise abatement) and Technologies
(business systems solutions). More information can be found at www.atco.com.


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.


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