ATCO Water Selected to Partner With Three Hills and Trochu

CALGARY, ALBERTA, Nov 02 (MARKET WIRE) --
ATCO Water announced today it has been selected by the towns of Three
Hills and Trochu to develop a long-term partnership for the delivery of
water and wastewater services.

Under the proposed partnership, ATCO Water would purchase a minority
ownership interest in the integrated water and wastewater systems of both
communities, manage the merged operations, and provide capital for future
infrastructure.

"ATCO is honoured to work with the communities of Three Hills and Trochu
to innovatively provide the best possible water services to their
residents," said Tony Salters, Vice President & General Manager, ATCO
Energy Solutions.

Three Hills and Trochu would retain majority ownership of the integrated
water and wastewater system while working with ATCO to make necessary
improvements. Existing municipal staff would be employed for day-to-day
operations.

"Trochu and Three Hills spent a considerable amount of time examining how
best to provide water services to our communities which are just 15
kilometres apart," said Trochu Mayor Barry Kletke. "By bringing our water
services together under ATCO management we avoid duplication while
leveraging ATCO's knowledge and experience in the utilities sector."

"Municipal services are increasingly complex, more expensive to operate
and must meet ever higher standards," said Three Hills Mayor Kevin
Edwards. "Our two municipal councils know we can do more together with
ATCO than we can do alone in serving the people of our communities."

ATCO Water offers municipal and industrial customers with customized
water and wastewater solutions by utilizing the global expertise of the
ATCO Group of Companies. In the utility sector, ATCO serves more than one
million customers in more than 300 communities in Alberta and Canada's
North.

"ATCO Water is committed to working with communities and industry in the
most progressive way possible - both in our commercial arrangements and
in the way we operate," said Mr. Salters. "We welcome the opportunity to
discuss long-term partnership solutions with other municipalities."

ATCO Water is a division of ATCO Energy Solutions, a multi-faceted
subsidiary company of Canadian Utilities Limited. Canadian Utilities
Limited is part of ATCO Group, an Alberta-based, worldwide organization
with more than $9.9 billion in assets and 7,700 employees actively
engaged in Energy, Utilities, Structures & Logistics and Technologies.
More information can be found at www.atco.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute
forward-looking statements. Forward-looking statements are often, but not
always, identifiedby the use of words such as "anticipate", "plan",
"expect", "may", "will", "intend", "should", and similar expressions.
These statements involve 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 statements. The Corporation
believes that the expectations reflectedin the forward-looking statements
are reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should not
be unduly relied upon.

The Corporation's actual results could differ materially from those
anticipated in these forward-looking statements as a result of regulatory
decisions, competitive factors in the industries in which the Corporation
operates, prevailing economic conditions, and other factors, many of
which are beyond the control of the Corporation.

The forward-looking statements contained in this news release represent
the Corporation's expectations as of the date hereof, and are subject to
change after such date. The Corporation disclaims any intention or
obligation to update or revise any forward-looking statements whether as
a result of new information, future events or otherwise, except as
required under applicable securities regulations.

Contacts:
ATCO Energy Solutions
Tony Salters
Vice President & General Manager
(403) 245-7176
www.atco.com

Municipality of Trochu
Barry Kletke
Mayor
(403) 442-3085

Municipality of Three Hills
Kevin Edwards
Mayor
(403) 443-7100

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