Harry Wilmot Appointed President & Chief Operating Officer of ATCO Structures & Logistics as Amalgamation Transaction Finalized

CALGARY, ALBERTA--(Marketwire - July 2, 2009) - On July 1, 2009, Canadian Utilities Limited ("CU") and ATCO Ltd. ("ATCO") finalized the previously announced transaction to combine ATCO Frontec Corp., a wholly-owned subsidiary of CU, with ATCO Structures Inc. and ATCO Noise Management Ltd., both wholly-owned subsidiaries of ATCO, to form ATCO Structures & Logistics Ltd.

CU and ATCO have ownership interests of 24.5% and 75.5% respectively in the new company.

Harry Wilmot has been appointed President & Chief Operating Officer, ATCO Structures & Logistics Ltd. Mr. Wilmot brings to the position more than 30 years of ATCO experience. He was most recently President & Chief Operating Officer, ATCO Structures and ATCO Frontec.

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 $9.0 billion and more than 6,800 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). More information about Canadian Utilities Limited can be found on its website, www.canadian-utilities.com.

Forward-Looking Information:

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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 N.C. Southern President & Chief Executive Officer (403) 292-7561 Website: www.canadian-utilities.com