Step 1: Formula for Electric Potential Energy.
The formula for the electric potential energy of two point charges is given by:
\[
U = \frac{{k \cdot q_1 \cdot q_2}}{{r}}
\]
where \( k = 9 \times 10^9 \, \text{Nm}^2/\text{C}^2 \) is Coulomb's constant, \( q_1 = q_2 = 1 \, \mu C = 1 \times 10^{-6} \, C \), and \( r = 1 \, \text{m} \).
Step 2: Substituting the values.
\[
U = \frac{{9 \times 10^9 \cdot (1 \times 10^{-6})^2}}{{1}} = \frac{{9 \times 10^9 \cdot 10^{-12}}}{{1}} = 9 \times 10^{-3} \, \text{joule}
\]
Conclusion: The electric potential energy of the system is \( 9 \times 10^{-3} \) joule.