Canadian Utilities Limited Eligible Dividends

Canadian Utilities Limited Eligible Dividends 
CALGARY, ALBERTA -- (Marketwire) -- 01/10/13 -- The Board of
Directors of Canadian Utilities Limited, an ATCO Company, today
declared a first quarter dividend of 48.5 cents per Class A
non-voting (TSX:CU) and Class B common share (TSX:CU.X), a 10%
increase over the 44.25 cents paid in each of the four previous
quarters. The dividend is payable March 1, 2013, to shareholders of
record on February 7, 2013. 
The Board also declared the following Cumulative Redeemable Second
Preferred Share Dividends: 


 
                                          Dividend                          
                             TSX Stock   Per Share  Record Date Payment Date
Shares                          Symbol         ($)       (2013)       (2013)
----------------------------------------------------------------------------
Series Y 4.00%                 CU.PR.C     0.25000       07-Feb       01-Mar
Series AA 4.90%                CU.PR.D     0.30625       07-Feb       01-Mar
Series BB 4.90%                CU.PR.E     0.30625       07-Feb       01-Mar

 
These dividends are eligible dividends within the meaning of the
Income Tax Act (Canada).  
Canadian Utilities, an ATCO company, has a Dividend Reinvestment Plan
(DRIP) available to eligible holders of Class A non-voting shares and
Class B common shares. Eligible shareholders may reinvest the cash
dividends paid on their common shares to purchase new Class A
non-voting shares from treasury at a two percent discount to the
volume weighted average price as defined in the DRIP. For more
information visit: www.canadianutilities.com or the Canadian Stock
Transfer Company Inc. website at www.canstockta.com. 
ATCO Ltd., as controlling shareholder of Canadian Utilities, intends
to participate in the DRIP to maintain its controlling interest in
the company. 
Alberta-based Canadian Utilities Limited, an ATCO company, with more
than 6,700 employees and assets of approximately $13 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) and technologies (business systems solutions).
More information can be found at www.canadianutilities.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 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
regulations.
Contacts:
Canadian Utilities Limited
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer
(403) 292-7502
 
 
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