CU Inc. announced today that it will issue $225,000,000 of 4.558% Debentures
maturing on November 7, 2053, at a price of $100.00 to yield 4.558%. This issue
was sold by BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities
Inc. and Scotia Capital Inc. Proceeds from the issue will be used to finance
capital expenditures, to repay existing indebtedness, and for other general
corporate purposes of ATCO Electric Ltd. and ATCO Gas and Pipelines Ltd.


CU Inc. is a wholly owned subsidiary of Canadian Utilities Limited, part of the
ATCO Group of Companies. An Alberta-based corporation with assets of
approximately $11 billion and more than 5,100 employees, CU Inc. is comprised of
rate regulated utility operations in pipelines, natural gas and electricity
transmission and distribution. More information about CU Inc. can be found on
the Canadian Utilities Limited website at www.canadianutilities.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
CU Inc.
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer
(403) 292-7502
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