ACO.Y ATCO Ltd

ATCO Electric has submitted an updated cost estimate to the Alberta Electric
System Operator for the 485 kilometre (km), 500 kilovolt direct current Eastern
Alberta Transmission Line (EATL) project between Edmonton and an area southeast
of Brooks. The backbone line is being built to add much needed reinforcement and
capacity to Alberta's electricity system. The submission updates the costs
associated with the EATL project from $1.6 billion to $1.8 billion. 


In December 2011, the Alberta Government halted the application process pending
a review by an expert Critical Transmission Review Committee. The additional
review by this Committee delayed approval of the project until November 2012. 


The increase in estimated costs is due to an increase in detailed engineering
and design costs, inflation, higher Alberta construction costs and delays in
receiving approval for the project. Additional engineering and permitting
associated with the 125 kms of alternative routes that the Alberta Utilities
Commission approved as the final routing on the EATL project, also contributed
to the cost increase. 


"ATCO Electric works hard to minimize costs associated with our transmission
construction projects," said Sett Policicchio, President, ATCO Electric
Transmission Division. "We will continue to be diligent to ensure costs to build
this vital project are kept as low as possible." 


In July, ATCO Electric completed the Hanna Region Transmission Development
project - comprised of 355 kms of transmission lines, six new substations and
upgrades to 14 existing substations. This project was completed on time and
approximately $60 million under budget, representing ATCO Electric's continued
commitment to providing cost effective infrastructure to support Alberta's
growth. 


ATCO Electric provides safe, reliable delivery of electricity to nearly 216,000
customers in 245 communities across Alberta and is part of the ATCO Group of
Companies. ATCO Group, with more than 9,400 employees and assets of
approximately $15 billion, delivers service excellence and innovative business
solutions worldwide with leading companies engaged in Structures & Logistics
(manufacturing, logistics and noise abatement), Utilities (pipelines, natural
gas and electricity transmission and distribution), Energy (power generation,
natural gas gathering, processing, storage and liquids extraction) and
Technologies (business systems solutions). More information can be found at
www.atco.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
ATCO Electric Transmission Division
Sett Policicchio
President
(780) 420-7731
www.atco.com

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