ATCO Electric Receives Approval for Eastern Alberta

ATCO Electric Receives Approval for Eastern Alberta Transmission Line 
Alberta Utilities Commission approves 500-kilovolt direct current
CALGARY, ALBERTA -- (Marketwire) -- 11/15/12 -- ATCO Electric has
received approval from the Alberta Utilities Commission (AUC) to
build the Eastern Alberta Transmission Line. The 500-kilovolt direct
current line, and its associated converter stations and facilities,
extends from the Gibbons area northeast of Edmonton to an area near
Brooks in southeast Alberta. It adds additional capacity to Alberta's
existing electricity transmission system. 
In developing the application, ATCO Electric conducted an extensive
public engagement process that included information campaigns, open
houses and thousands of individual meetings with landowners. The
information gained through this process was instrumental in defining
the preferred and alternate routes submitted by ATCO Electric and,
ultimately, the route approved by the AUC. 
"I want to extend my thanks to the landowners that participated in
the process. The decision is the result of three years of hard work
and consultation and directly reflects the input that we received
throughout the process," said Sett Policicchio, President, ATCO
Electric. "We look forward to continuing to work together with these
landowners and the communities of eastern Alberta as we begin to
build this critically important piece of infrastructure for Alberta." 
When complete, the Eastern Alberta Transmission Line will reinforce
the reliability, increase the capacity and improve the efficiency of
the Alberta grid. The line will help meet the growing demand for
electricity in the province, allowing it to flow from where it is
generated to where it is needed. 
ATCO Group, with more than 8,800 employees and assets of
approximately $14 billion, delivers service excellence and innovative
business solutions worldwide with leading companies engaged in
structures & logistics (manufacturing, logistics and noise
abatement), utilities (pipelines, natural gas and electricity
transmission and distribution), energy (power generation, natural gas
gathering, processing, storage and liquids extraction) and
technologies (business systems solutions). More information can be
found at 
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 Corporation's 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
ATCO Electric
Sett Policicchio
President, Capital Projects Division
(780) 288-7621
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