CU Inc. Declares Eligible Dividends

The Board of Directors of CU Inc. has declared the following quarterly dividends:



Shares              TSX Stock         Dividend    Record Date   Payment Date
                       Symbol    Per Share ($)         (2012)         (2012)
----------------------------------------------------------------------------
                                                                            
Series 1   4.60%     CIU.PR.A          0.28750         07-Feb         01-Mar
Series 2   6.70%     CIU.PR.B          0.41875         07-Feb         01-Mar
Series 4   3.80%     CIU.PR.C          0.23750         07-Feb         01-Mar



These dividends are eligible dividends within the meaning of the Income Tax Act
(Canada).


CU Inc. is a wholly owned subsidiary of Canadian Utilities Limited, part of the
ATCO Group of Companies. An Alberta- based corporation with assets of
approximately $8 billion and more than 4,300 employees, 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.canadian-utilities.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 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.

CU (TSX:CIU.PR.A)
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