FortisAlberta Announces Appointment of Phonse Delaney as New President and CEO
FortisAlberta Inc. ("FortisAlberta" or the "Corporation") announces the appointment of Phonse Delaney as President and Chief Executive Officer ("CEO"), effective June 30, 2014. Mr. Delaney succeeds Karl Smith, who, as announced by Fortis Inc., has been appointed Executive Vice President ("EVP"), Chief Financial Officer of Fortis Inc., effective June 30, 2014.
"We are very pleased to announce the promotion of Phonse to President and CEO of FortisAlberta. His depth of experience in the utility industry and his familiarity with the operating and regulatory environment in Alberta will allow the Corporation to build on the success it has achieved under the leadership of Karl Smith," says Doug Haughey, Chair of the Board of Directors of FortisAlberta.
Mr. Delaney has more than 27 years' experience with the Fortis Group of Companies. A professional engineer, he began his career with Newfoundland Power in 1987 and has held executive positions with Newfoundland Power and, since 2004, with FortisAlberta, most recently as EVP, Operations, Engineering and Information Technology. Mr. Delaney is a member of the Association of Professional Engineers and Geoscientists of Alberta and serves on the Board of Directors of Honens, a Calgary-based arts organization. He previously served on the Memorial University Faculty of Engineering Advisory Council, the Canadian Electricity Association Distribution Council and the Board of Directors of the Newfoundland and Labrador Safety Council.
FortisAlberta is an electric distribution company that owns and operates more than 60 per cent of Alberta's total electricity distribution network. The Corporation delivers safe and reliable electric distribution service to approximately 520,000 customers in 200 communities across central and southern Alberta. FortisAlberta is a wholly owned indirect subsidiary of Fortis Inc., the largest investor-owned distribution utility in Canada, with total assets of approximately $18.6 billion and fiscal 2013 revenue exceeding $4 billion.
For more information about FortisAlberta, visit www.fortisalberta.com. For more information about Fortis, visit www.fortisinc.com.
Fortis Inc. is the largest investor-owned gas and electric distribution utility in Canada. Its regulated utilities account for 90 per cent of total assets and serve more than 2.4 million customers across Canada and in New York State and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation's non-utility investment is comprised of hotels and commercial real estate in Canada.