AltaGas Utility Group Inc.
TSX : AUI

AltaGas Utility Group Inc.

April 16, 2008 17:01 ET

AltaGas Utility Group Inc. Increases Quarterly Dividend by 12.5 Percent

CALGARY, ALBERTA--(Marketwire - April 16, 2008) - The Board of Directors of AltaGas Utility Group Inc. (Utility Group) (TSX:AUI) today approved a 12.5 percent increase in its dividend, the third increase since Utility Group declared its first dividend on March 16, 2006. The Board declared a dividend of $0.045 per share, up from $0.04. The dividend will be payable on July 15, 2008 to shareholders of record at the close of business on June 30, 2008.

"This dividend increase reflects the strong performance of our businesses," said Patricia Newson, President and Chief Executive Officer, "Alberta continues to grow rapidly and our Ikhil acquisition has added the cash flows we anticipated on its acquisition in 2007".

Utility Group's dividend has increased by 50% since March 16, 2006.

ABOUT ALTAGAS UTILITY GROUP INC.

AltaGas Utility Group Inc. is a publicly traded company holding interests in AltaGas Utilities Inc., Heritage Gas Limited and Inuvik Gas Ltd. Combined, these regulated natural gas distribution businesses serve more than 66,000 customers in three areas of Canada through an infrastructure of nearly 20,000 kilometres of pipelines. Utility Group also holds an interest in the Ikhil Joint Venture which produces and supplies natural gas in Inuvik, Northwest Territories. Utility Group pursues opportunities to invest in infrastructure-based utility and related businesses with long-term, stable returns.

Utility Group's 8.2 million common shares began trading on the Toronto Stock Exchange under the symbol AUI on November 17, 2005.

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