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Press release from Marketwire

ATCO Awarded Acoustical Design of 540 MW Power Plant

Facility features latest environmental controls and combined-cycle technology

Tuesday, October 30, 2012

ATCO Awarded Acoustical Design of 540 MW Power Plant17:51 EDT Tuesday, October 30, 2012CALGARY, ALBERTA--(Marketwire - Oct. 30, 2012) - ATCO Emissions Management (ATCO) has been awarded a contract to design, supply and install a noise abatement solution for the Ferguson Replacement Project at Horseshoe Bay, Texas.ATCO designed the noise control solution for the new power plant to meet the design requirements for low frequency noise emissions desired by the client. Low frequency sound of 250 Hz and below can be experienced as a 'rumble' or 'felt' instead of heard. ATCO's attenuation design will eliminate the rattling of doors and windows caused by low frequency sound emissions within the surrounding neighbourhood."Our guarantee to meet the stringent design requirements that protect the nearby homes by using economical acoustical design was essential to this project," said Harry Wilmot, President & Chief Operating Officer, ATCO Structures & Logistics. "We look forward to continuing our work with the Lower Colorado River Authority and Fluor, as the project's lead engineering and construction contractor, and completing a successful project with them."The natural gas, combined-cycle power plant replaces the Lower Colorado River Authority's (LCRA) existing facility, built in 1974. The new plant will contain the latest environmental controls and combined-cycle technology to lower sound and air emissions while increasing reliability and efficiency.With the expansion of ATCO Structures & Logistics' line of industrial emission control products that complement its traditional noise suppression solutions, the company developed a new division: ATCO Emissions Management. The new division provides noise and air emissions control for power generation, oil and gas, petrochemical and other industrial sites worldwide. The product portfolio offers acoustic and emissions management equipment, acoustical buildings and enclosures, acoustical engineering and consulting. To learn more, visit: www.atcoem.comATCO Structures & Logistics is part of the ATCO Group of Companies. ATCO Group, with more than 8,800 employees and assets of approximately $13 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in utilities (pipelines, natural gas, and electricity transmission and distribution), energy (power generation, natural gas gathering, processing, storage and liquids extraction) structures & logistics (manufacturing, logistics and noise abatement) and technologies (business systems solutions). More information can be found at www.atco.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: Contact Information: ATCO Emissions ManagementHarry WongSenior Vice-President and General Manager519-220-0600 ext 224www.atco.com