Canadian Utilities Limited
TSX : CU.X
TSX : CU
TSX : CU.PR.A
TSX : CU.PR.B

Canadian Utilities Limited
CU Inc.
TSX : CIU.PR.A
TSX : CIU.PR.B

CU Inc.

October 21, 2009 11:43 ET

CU Inc. Eligible Dividends

CALGARY, ALBERTA--(Marketwire - Oct. 21, 2009) – The Board of Directors of CU Inc. has declared the following quarterly dividends:

               SharesTSX StockDividendRecord DatePayment Date
  SymbolPer Share ($)(2009)(2009)
 
Series 1 4.60% CIU.PR.A 0.28750 09-Nov 01-Dec
Series 2 6.70% CIU.PR.B 0.41875 09-Nov 01-Dec

These dividends are eligible dividends for Canadian income tax purposes.

CU Inc. is a wholly owned subsidiary of Canadian Utilities Limited, part of the ATCO Group of Companies. CU Inc. is an Alberta-based corporation with assets of approximately $6.5 billion and more than 4,000 employees and is comprised of two main business divisions: Utilities (pipelines, natural gas and electricity transmission and distribution), and Energy (power generation). More information about CU Inc. can be found on the Canadian Utilities Limited website at www.canadian-utilities.com.

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 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.

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