CU Inc. announced today that it will issue $75,000,000 of 4.855% Debentures
maturing on September 18, 2063, at a price of $100.00 to yield 4.855%. This
issue was sold by RBC Dominion Securities Inc., BMO Nesbitt Burns 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 4,700 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: 
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer
CU Inc.
(403) 292-7502
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