Fortis Announces Executive Appointments

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - June 24, 2014) -

Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) announces the following Executive Vice President ("EVP") appointments:

Karl Smith, President and Chief Executive Officer ("CEO"), FortisAlberta, will become EVP, Chief Financial Officer ("CFO"), Fortis, effective June 30, 2014;

John Walker, President and CEO, FortisBC, will become EVP, Western Canadian Operations, Fortis, effective August 1, 2014; and

Earl Ludlow, President and CEO, Newfoundland Power, will become EVP, Eastern Canadian and Caribbean Operations, Fortis, effective August 1, 2014.

"Karl, John and Earl, through their extensive utility experience and considerable leadership responsibilities throughout the Fortis Group, have each made a significant contribution to the value that Fortis has achieved for our shareholders and the reputation that Fortis has built for delivering quality service to customers," says Stan Marshall, President and CEO, Fortis.

"These executive appointments are a continuation of our management succession plan and will strengthen the ability of Fortis to achieve its vision to be a leader in the North American utility industry," says Barry Perry, who, as previously announced, will become President, Fortis, effective June 30, 2014, and President and CEO, Fortis, effective December 31, 2014, upon the retirement of Mr. Marshall.

Mr. Smith, CA, (B.Comm) has a career with the Fortis Group that spans more than 25 years. Mr. Smith was appointed President and CEO, FortisAlberta in 2007. Prior to then, he served as President and CEO, Newfoundland Power from 2004 through 2007 and as CFO, Fortis from 1999 through 2003. Mr. Smith currently serves as a Director on the Boards of FortisAlberta and CH Energy Group. He also serves as a Director on the Boards of the Western Energy Institute and the Canadian Electricity Association ("CEA") and is past Chair of CEA. Mr. Smith serves as Chair of the Board of Governors of Mount Royal University and is Chair of the Board of Junior Achievement of Southern Alberta.

Mr. Smith, as EVP, CFO, will provide financial leadership to the organization and has responsibility for the Corporation's finance, financial reporting and planning, audit, investor relations, tax and regulatory compliance, and mergers and acquisitions functions.

Mr. Walker (B.Sc., MBA) has a career with the Fortis Group that spans more than 30 years. He was appointed President and CEO, FortisBC Electric in 2005 and in 2010 he also became President and CEO, FortisBC Gas. Prior to his leadership positions at FortisBC, he served as President and CEO, Fortis Properties from 1997 through 2005. Mr. Walker currently serves as a Director on the Boards of FortisAlberta and FortisBC. He is also Chair of the Board of the Western Energy Institute, Vice-Chair of the Canadian Gas Association and a Director on the Board of CEA.