Canadian Utilities Limited: Brian R. Bale Named Senior Vice President and Chief Financial Officer

Karen M. Watson to retire after 33-year career with the company

Karen M. Watson to retire after 33-year career with the company

CALGARY, ALBERTA--(Marketwire - Nov. 12, 2009) - The Board of Directors of Canadian Utilities Limited today announced that Brian R. Bale has been appointed Senior Vice President and Chief Financial Officer, Canadian Utilities Limited, effective December 1, 2009. Mr. Bale, currently Senior Vice President, Finance and Regulatory, ATCO Gas, replaces Karen M. Watson who will retire after 33 years of dedicated service to ATCO Group.

"Karen has made significant contributions to the company and has been an outstanding CFO," said Nancy Southern, Deputy Chairman, President and Chief Executive Officer. "Her leadership in directing our financial strategy has built a strong foundation for Canadian Utilities' continued growth and success."

Mr. Bale joined ATCO Group in 1981. He held a variety of finance and regulatory management positions within the company and was appointed an Officer of ATCO Electric in 2001. Over the past eight years, Mr. Bale has held progressively responsible executive positions and was most recently named Senior Vice President, Finance and Regulatory, ATCO Gas. He attended Concordia University, earning a Bachelor of Commerce degree in 1977 and is a Certified Management Accountant.

"Brian's financial and regulatory background, combined with his strategic planning, leadership and sound judgement, will be important contributors to our future accomplishments," Ms. Southern said.

Alberta-based Canadian Utilities Limited, with more than 7,700 employees and assets of approximately $9.1 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and natural gas liquid extraction), Structures & Logistics (manufacturing, logistics and noise abatement) and Technologies (business systems solutions). More information can be found at

Forward-Looking Information:

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Canadian Utilities Limited Nancy C. Southern Deputy Chairman, President & CEO (403) 292-7561