FortisBC announces appointment of Michael Mulcahy as new President and CEO

VANCOUVER, July 24, 2014 /CNW/ - The FortisBC Board of Directors today announced the appointment of Michael Mulcahy as President and Chief Executive Officer of FortisBC Inc. and FortisBC Energy Inc., effective August 1, 2014.

"We are pleased to announce the promotion of Michael to President and CEO of FortisBC," said Stan Marshall, Chair of the Board of Directors of FortisBC and Chief Executive Officer, Fortis Inc. "His vast experience from more than 20 years with the Fortis group of companies and familiarity with our electric and gas businesses in B.C., positions FortisBC to deliver quality customer service and a range of energy options to best meet customers' needs."

Mr. Mulcahy joined the Fortis group of companies in 1993. He began with Maritime Electric and has also held executive positions at Fortis Properties; Newfoundland Power and FortisBC. Most recently at FortisBC, he was Executive Vice President of Human Resources, Customer and Corporate Services. He is a former Chair of the Customer Council of the Canadian Electricity Association.

He succeeds John Walker who was recently appointed Executive Vice President, Western Canadian Operations, Fortis Inc., effective August 1, 2014.  Mr. Walker, in his new role, assumes responsibility for FortisBC, FortisAlberta and non-regulated energy-related operations, including the Waneta Expansion hydroelectric generation facility currently under construction in British Columbia.

"Michael's appointment and the additional Fortis Inc. focus on our Western Canadian operations provide continuity around the execution of FortisBC's strategic plan and growth opportunities," said Marshall.

FortisBC is a regulated utility focused on providing safe and reliable energy, including natural gas, electricity and propane. FortisBC employs more than 2,200 British Columbians and serves approximately 1.1 million customers in 135 B.C. communities. FortisBC is indirectly wholly owned by Fortis Inc., the largest investor-owned distribution utility in Canada. FortisBC owns and operates two liquefied natural gas storage facilities and four regulated hydroelectric generating plants, approximately 7,150 kilometres of transmission and distribution power lines, and approximately 46,000 kilometres of natural gas transmission and distribution pipelines. FortisBC Inc., FortisBC Energy Inc., FortisBC Energy (Vancouver Island) Inc., and FortisBC Energy (Whistler) Inc. do business as FortisBC. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com or www.sedar.com.

SOURCE FortisBC

For further information:

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Joyce Wagenaar
Director, Communications
FortisBC
Phone: 604-785-8946
Email: joyce.wagenaar@fortisbc.com
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