Canadian Utilities Limited

Canadian Utilities Limited

November 05, 2007 11:00 ET

ATCO Power Reports Unplanned Outage at Barking Power Station in London, England

CALGARY, ALBERTA--(Marketwire - Nov. 5, 2007) - ATCO Power reported today that the 1,000 megawatt Barking Power Station in East London, England has experienced an unplanned outage that is expected to last for at least 45 days on 60% of the plant capacity. ATCO Power owns 25.5% of the Barking Power Plant.

The outage involves a steam turbine generator and the cause of the failure will become clearer as the machine is disassembled.

The financial impact of the failure has not been fully determined, but is estimated to decrease Canadian Utilities Limited's earnings for the three months ended December 31, 2007, and the 12 months ended December 31, 2007 by approximately $5 million to $10 million Canadian.

ATCO Power, a wholly owned subsidiary of Canadian Utilities Limited, is a world-class developer, construction manager, owner and operator of technologically advanced independent power generation facilities. Canadian Utilities Limited is an Alberta based worldwide organization of companies with more than 6,000 employees and $7.1 billion in assets, comprised of three main business divisions: Power Generation; Utilities (natural gas and electricity transmission and distribution) and Global Enterprises, with companies active in technology, logistics and energy services. More information about Canadian Utilities Limited can be found on its website

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