CU Inc. Eligible Dividends

The Board of Directors of CU Inc. has declared the following Cumulative
Redeemable Preferred Share dividends:




Shares                  TSX Stock       Dividend   Record Date  Payment Date
                           Symbol  Per Share ($)        (2014)        (2014)
----------------------------------------------------------------------------
Series 1  4.60%          CIU.PR.A        0.28750        11-Aug        01-Sep
Series 4  3.80%          CIU.PR.C        0.23750        11-Aug        01-Sep



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 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CU Inc.
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer
[phone]