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Investor Presentaiton

CU CANADIAN UTILITIES LIMITED An ATCO Company Battle River COAL TO GAS CONVERSION STRATEGY Partial conversion (50%) completed on BR4 Mar 2018 ● • Proceeding with "Dual Fuel" conversion of BR5 with commercial operation date (COD) of Dec 2019 Proceeding with increasing natural gas interconnection to the site to support the conversion work with COD Nov 2019 with firm gas transport commitment for Nov 2021 Pursuing further conversion opportunity on BR3 & BR4 Battle River Generating Station Sheerness Proceeding with increasing natural gas interconnection to the site with COD Nov 2019 and firm natural gas transport commitment for Apr 2022 Pursuing the opportunity of "Dual Fuel" conversion of both units to align with natural gas transport commitment or earlier. Sheerness Generating Station INVESTOR PRESENTATION FEBRUARY 2019 28 ATCO
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