ATCO Ltd.
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ATCO Ltd.
ATCO Electric

ATCO Electric

September 30, 2010 10:30 ET

ATCO Electric Energizes New Northern Alberta Transmission Line

EDMONTON, ALBERTA--(Marketwire - Sept. 30, 2010) - Alberta's power grid received a major boost today as ATCO Electric energized a new 240 kV transmission line in the Peace River area in northwest Alberta. The Wesley Creek to Meikle transmission project completes phase II of the three-phase Northwest Transmission Development Project and is a critical addition to the province's interconnected electric system.

Responsible project management, greater access to materials and reduced labour costs have resulted in cost savings of more than 40 per cent on this major new infrastructure for Alberta.

"ATCO Electric's completion of this project demonstrates our company's ability to build sizeable transmission projects in a timely and cost-effective manner," said Sett Policicchio, President, Capital Projects, ATCO Electric. "The discipline and practices we brought to this project are standards ATCO Electric will continue to apply to all our future projects."

The 126 kilometre transmission line strengthens electrical service to residents and industry in northwestern Alberta. Electricity on the line currently flows at 144 kV, but was built to carry 240 kV of power, allowing for more electricity to be delivered as the needs in the region increase.

Phase II of the Northwest Transmission Development Project also included upgrades to the existing substations in Wesley Creek and Hotchkiss, and construction of the new switching substation in Meikle. Phase I, construction of a 226 kilometre 240 kV line from Brintnell to Wesley Creek, was completed earlier this year. Phase III, development of a 144 kV transmission line from Arcenciel to Ring Creek is in the consultation phase.

The need for the new facilities was identified by the Alberta Electric System Operator and was approved in 2006 by the Alberta Utilities Commission. ATCO Electric started construction of the new transmission line and substations in 2008 after consulting with and seeking input from involved landowners and First Nations communities.

ATCO Electric provides safe, reliable delivery of electricity to nearly 207,000 customers in 245 communities across Alberta and is part of the ATCO Group of Companies. ATCO Group, with more than 7,500 employees and assets of approximately $9.9 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquids extraction), Structures & Logistics (manufacturing, logistics and noise abatement) and Technologies (business systems solutions). More information can be found at www.atco.com.

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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.

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