CU Inc. announced today, together with its dealers BMO Nesbitt Burns Inc., RBC
Dominion Securities Inc., TD Securities Inc., Scotia Capital Inc. and CIBC World
Markets Inc., that it has filed with the securities commissions in each of the
provinces of Canada a Preliminary Base Shelf Prospectus to issue up to
$2,600,000,000 of Debentures in tranches as required over the next 25 months.
The proceeds will be used to fund capital expenditures, to repay existing
indebtedness and for other general corporate purposes.


CU Inc. is a wholly owned subsidiary of Canadian Utilities Limited, part of the
ATCO Group of Companies. An Alberta-based corporation with more than 5,300
employees and assets of approximately $12 billion, CU Inc. is comprised of rate
regulated utility operations in pipelines, natural gas and electricity
transmission and distribution. More information about CU Inc. can be found on
the Canadian Utilities Limited website at www.canadianutilities.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CU Inc.
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer
(403) 292-7502
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