Mr. Brian Shkrobot reports

CANADIAN UTILITIES TO RELEASE SECOND QUARTER 2023 RESULTS ON JULY 27, 2023

Canadian Utilities Ltd. will release its financial results for the quarter ended June 30, 2023, on Thursday, July 27, 2023. The news release will be distributed through Cision and the results, including financial statements and management's discussion and analysis (MD&A), will be posted on the company's website.

Canadian Utilities will hold a live teleconference and webcast at 9 a.m. MT (11 a.m. ET) on Thursday, July 27, 2023, at 1-800-319-4610. No pass code is required.

Brian Shkrobot, executive vice-president and chief financial officer, will discuss second quarter 2023 financial results and recent developments. Opening remarks will be followed by a question-and-answer period with investment analysts. Participants are asked to please dial in 10 minutes prior to the start and request to join the Canadian Utilities teleconference.

Management invites interested parties to listen via live webcast at the company's website.

A replay of the teleconference will be available approximately two hours after the conclusion of the call until Aug. 27, 2023. Please call 1-800-319-6413 and enter pass code 0268. An archive of the webcast will be available on July 28, 2023, and a transcript of the call will be posted on the company's website within a few business days.

About Canadian Utilities Ltd.

Canadian Utilities, and its subsidiary and affiliate companies, have approximately 8,000 employees and assets of $23-billion. Canadian Utilities, an Atco company, is a diversified global energy infrastructure corporation delivering essential services and innovative business solutions in utilities (electricity and natural gas transmission and distribution, and international operations); energy infrastructure (energy storage, energy generation, industrial water solutions and clean fuels); and retail energy (electricity and natural gas retail sales, and whole-home solutions).