ATCO Ltd.
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ATCO Ltd.
ATCO Midstream

ATCO Midstream
Canadian Utilities Limited
TSX : CU.X
TSX : CU.PB
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Canadian Utilities Limited

January 18, 2008 12:15 ET

ATCO/Stittco Pipeline Reduces Greenhouse Gases by 18,500 Tonnes

Partners Officially Open First Major Project in Manitoba to Reduce Flared Natural Gas

PIERSON, MANITOBA--(Marketwire - Jan. 18, 2008) - ATCO Midstream and partner Stittco Energy Limited officially opened a new 40-kilometre pipeline Friday. Through collaboration with Canadian Natural Resources Ltd., the pipeline will eliminate about 18,500 tonnes of greenhouse gas emissions annually by reducing the flaring of solution gas associated with local oil production.

"The initiative of ATCO Midstream and Canadian Natural has resulted in the only project of its kind in Manitoba that delivers a quality business solution in combination with real environmental benefits," said Kevin Cumming, President, ATCO Midstream. "This project shows the environmental leadership that can occur when people work together to find solutions."

The project will transport previously flared solution gas from Canadian Natural's Pierson battery in southwest Manitoba and connect to the Wolstitmor gathering system for processing into propane, butane and other useable products at the Nottingham gas plant in southeastern Saskatchewan. The greenhouse gas reduction is approximately the amount generated during the heating of more than 2,200 typical Canadian homes each year.

Part of ATCO Group, ATCO Midstream provides natural gas gathering, processing, storage and natural gas liquids solutions to the Canadian natural gas producing sector.

ATCO Group, an Alberta-based worldwide organization of companies with assets of approximately $7.8 billion and more than 7,000 employees, is comprised of three main business divisions: Power Generation; Utilities (natural gas and electricity transmission and distribution); and Global Enterprises, with companies active in industrial manufacturing, technology, logistics and energy services. More information about ATCO Midstream can be found on its website www.atcomidstream.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve 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 statements. The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.

The forward-looking statements contained in this news release represent the Corporations' expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Contact Information

  • ATCO Midstream
    Kevin Cumming
    President
    (403) 513-3715