Mr. Colin Jackson reports

CU INC. ANNOUNCES DEBENTURE ISSUE

CU Inc. will issue $370-million of 4.787 per cent debentures maturing on Sept. 16, 2055, at a price of $100 to yield 4.787 per cent. This issue was sold by BMO Capital Markets, RBC Capital Markets, Scotiabank, TD Securities, CIBC Capital Markets, ATB Capital Markets and MUFG. Proceeds from the issue will be used to finance capital expenditures, to repay existing indebtedness and for other general corporate purposes.

CU is a wholly owned subsidiary of Canadian Utilities Ltd., an Atco company. CU is an Alberta-based corporation with approximately 3,700 employees and assets of $19-billion composed of rate-regulated utility operations in pipelines, and natural gas and electricity transmission and distribution.

We seek Safe Harbor.