DBRS Rates EPCOR Utilities Inc. MTN Offering at A (low) with a Stable Trend

DBRS has today assigned a rating of A (low) with a Stable trend to the prospective $300 million offering of EPCOR Utilities Inc. (EPCOR or the Company) of 4.55% medium-term notes, due February 28, 2042 (the Notes). This offering is expected to settle on February 28, 2012.

The Notes are being issued pursuant to EPCOR’s $1 billion Short Form Base Shelf Prospectus dated December 1, 2011, and will be direct unsecured obligations of the Company, and will rank equally and pari passu, except as to sinking funds and statutory preferred exceptions, with all other unsecured and unsubordinated indebtedness of EPCOR.

Proceeds will be used to repay commercial paper indebtedness and for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Companies in the North American Energy Utilities (Electric and Natural Gas) Industry, which can be found on the DBRS website under Methodologies.