Canadian Utilities Announces Appointment of David Dodge to the Board of Directors

 
EDMONTON, ALBERTA--(Marketwire - June 23, 2008) - Canadian Utilities Limited announces the appointment of David Dodge to the Board of Directors effective July 1, 2008.

Mr. Dodge has had a distinguished career in the federal public service, most recently as Governor of the Bank of Canada from 2001 to 2008. As Governor, he was also Chairman of the Board of Directors of the Bank. He has held senior positions in the Central Mortgage and Housing Corporation, the Anti-Inflation Board, the Department of Employment and Immigration and the Department of Finance. He was Deputy Minister of Finance from 1992 to 1997 and Deputy Minister of Health from 1998 to 2001.

Mr. Dodge received a bachelor's degree (honours) in economics from Queen's University, and a PhD in economics from Princeton. During his academic career he taught economics at Queen's University; the School of Advanced International Studies, Johns Hopkins University, the Faculty of Commerce at the University of British Columbia and Simon Fraser University. Mr. Dodge has also served as Director of the International Economics Program of the Institute for Research on Public Policy.

He is currently Chancellor of Queen's University. He also serves on the Board of Directors of the Canadian Institute for Advanced Research and the C.D. Howe Institute.
 
Canadian Utilities Limited is part of the ATCO Group of Companies (www.atco.com). Canadian Utilities Limited is a Canadian-based worldwide organization of companies with assets of approximately $7.5 billion and more than 6,500 employees, actively engaged in three main business divisions: Power Generation; Utilities (natural gas and electricity transmission and distribution) and Global Enterprises (technology, logistics and energy services).

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by 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 reflected in 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.


ATCO Group
C.J. Ackroyd
Senior Director, Marketing & Communications
(403) 619-7254