EPCOR announces subsidiary's intent to redeem preferred shares

    EDMONTON, Aug. 10 /CNW/ - EPCOR Utilities Inc. ("EPCOR") announces that
its subsidiary, EPCOR Preferred Equity Inc. (TSX: EPE.PR.A), intends to redeem
all of the outstanding Cumulative Redeemable First Preferred Shares, Series I
(the "Preferred Shares") on September 30, 2007 at a redemption price of $25.00
per Preferred Share. The Preferred Shares were issued to investors by EPCOR
Preferred Equity Inc. on September 27, 2002.
    EPCOR will fund the redemption from cash balances and funds available
under its revolving credit facilities.

    EPCOR builds, owns and operates power plants, electrical transmission and
distribution networks, water and wastewater treatment facilities and
infrastructure in Canada and the United States. EPCOR has been named one of
Canada's Top 100 Employers for seven consecutive years. EPCOR and EPCOR
Preferred Equity Inc. are headquartered in Edmonton, Alberta. EPCOR's web-site
is www.epcor.ca.

For further information:

For further information: Media inquiries: Mike Gibbs, (780) 412-8877;
Shareholder and analyst inquiries: Samuel Myers, (403) 717-8179 or toll free
at (866) 896-4636

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EPCOR Utilities Inc.

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