Essential Utilities Announces Appointment of Edwina Kelly to Board of Directors
Essential Utilities (NYSE: WTRG) today announced the appointment of Edwina Kelly to the Essential Board of Directors. Kelly will serve as a member of the audit committee and the risk mitigation and investment policy committee of the board.
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Essential Utilities Announces Appointment of Edwina Kelly to Board of Directors (Photo: Business Wire)
Kelly is a senior principal at Canada Pension Plan Investment Board (CPP Investments) where she is responsible for originating new investments, transaction management and asset management for investments in the organization’s global Sustainable Energy Group. CPP Investments invested $750 million in Essential Utilities as part of the equity raised for the purchase of Peoples Natural Gas in 2020. Kelly is replacing former director Wendy Franks as a board representative for CPP Investments.
“I look forward to working with Edwina on Essential’s Board of Directors. Her expertise and experience with renewable energy will be valuable as we strive to meet the emissions reduction targets announced earlier this year,” said Essential Chairman and CEO Christopher Franklin.
In January 2021, less than one year since the closing of the Peoples Gas acquisition, Essential announced a commitment to substantially reduce Scope 1 and 2 greenhouse gas emissions. By 2035, Essential will reduce its emissions by 60% from its 2019 baseline. This reduction is roughly equivalent to the emissions from 76,000 cars on the road over the course of the year. This will be achieved by extensive gas pipeline replacement, renewable energy purchasing, accelerated methane leak detection and repair, and various other currently planned initiatives that are highly feasible with proven technology. This science-based commitment is consistent with the rate of reduction necessary over the next 15 years to keep on track with the Paris Agreement, which aims to limit the global temperature increase to well below 2 degrees Celsius.
Prior to joining CPP Investments, Kelly was a director at EFG Hermes UAE where she helped manage the renewable energy platform and led solar portfolio acquisitions and equity restructurings of wind farm investments. She holds a bachelor’s degree in philosophy, politics and economics from the University of Oxford and is an associated chartered accountant member of the Institute of Chartered Accountants in England and Wales.