Canadian Utilities Limited Eligible Dividends

 
CALGARY, ALBERTA--(Marketwire - Jan. 13, 2011) - The Board of Directors of Canadian Utilities Limited today declared a first quarter dividend of 40.25 cents per Class A non-voting (TSX:CU) and Class B common share (TSX:CU.X), a 6.6% increase over the 37.75 cents paid in each of the four previous quarters. The dividend is payable March 1, 2011, to shareholders of record on February 7, 2011.

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


TSX Stock Dividend Record Date Payment Date
Shares Symbol Per Share ($) (2011) (2011)
----------------------------------------------------------------------------

Series W 5.80% CU.PR.A 0.36250 07-Feb 01-Mar
Series X 6.00% CU.PR.B 0.37500 07-Feb 01-Mar



These dividends are eligible dividends within the meaning of the Income Tax Act (Canada).

Alberta-based Canadian Utilities Limited, an ATCO company, with more than 5,700 employees and assets of approximately $9 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 liquids extraction) and Technologies (business systems solutions). More information can be found at www.canadian-utilities.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identifiedby 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 reflectedin 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. In particular, there can be no assurance that a transaction will be completed.

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. (Brian) Bale Senior Vice President & Chief Financial Officer (403) 292-7502