Canadian Utilities Limited Eligible Dividends

CALGARY, ALBERTA--(Marketwire - Jan. 14, 2010) - The Board of Directors of Canadian Utilities Limited, an ATCO company, today declared a first quarter dividend of 37.75 cents per Class A non-voting (TSX:CU) and Class B common share (TSX:CU.X), a 7.1% increase over the 35.25 cents paid in each of the four previous quarters. The dividend is payable March 1, 2010, to shareholders of record on February 8, 2010.

The Board also declared the following Cumulative Redeemable Second Preferred Share Dividends:

Shares TSX Stock Dividend Record Date Payment Date
Symbol Per Share ($) (2010) (2010)
Series W 5.80% CU.PR.A 0.3625 08-Feb 01-Mar
Series X 6.00% CU.PR.B 0.3750 08-Feb 01-Mar

These dividends are eligible dividends for Canadian income tax purposes.

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:

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves 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 information. The Corporation believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Corporation's expectations as of the date hereof, and is subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

Canadian Utilities Limited B.R. Bale Senior Vice President & Chief Financial Officer (403) 292-7502