Fortis Announces Executive Appointments - Seite 2

Mr. Walker, as EVP, Western Canadian Operations, assumes responsibility for FortisBC, FortisAlberta and non-regulated energy-related operations, including the Waneta Expansion hydroelectric generating facility ("Waneta Expansion") in British Columbia. The regulated operations in western Canada meet the energy needs of more than 1.6 million customers and, over the next five years, have a planned consolidated $4.3 billion in capital expenditures. The $900 million, 335-megawatt Waneta Expansion is the largest capital project currently underway by the Corporation. Fortis owns 51% of the Waneta Expansion and will operate and maintain the facility when it comes online, which is expected in spring 2015. Mr. Walker will continue to lead liquefied natural gas ("LNG") infrastructure expansion opportunities, including the recently approved $400 million Tilbury LNG expansion facility, located on the Fraser River, in Delta, British Columbia.

Mr. Ludlow, P.Eng., (B.Eng, MBA) has a career with the Fortis Group that spans more than 34 years. He was appointed President and CEO of Newfoundland Power in 2007. Prior to then, he served as President and CEO, Fortis Properties from 2005 through 2007, and as Senior Vice President ("VP"), FortisBC and VP, Operations, FortisAlberta from 2004 through 2005. Mr. Ludlow currently serves as a Director on the Boards of Newfoundland Power, Maritime Electric, FortisOntario and Caribbean Utilities. He also serves as a Director on the Board of CEA. Well known for his outstanding community work, Mr. Ludlow is Honorary Lieutenant Colonel of the Royal Newfoundland Regiment First Battalion and also serves as Chair of the Board of Governors, Commissionaires, Newfoundland and Labrador. He is past Chair of the Dr. H. Bliss Murphy Cancer Care Foundation.

Mr. Ludlow, as EVP, Eastern Canadian and Caribbean Operations, assumes responsibility for Newfoundland Power, Maritime Electric, FortisOntario, Fortis Turks and Caicos and Caribbean Utilities. He also assumes a role supporting the internal utility operations groups. Eastern Canadian and Caribbean regulated utilities collectively serve approximately 440,000 customers and, over the next five years, have a planned consolidated $1 billion in capital expenditures.

Corporate oversight responsibility for U.S. regulated utilities and Fortis Properties will remain with the President and CEO, Fortis. UNS Energy and Central Hudson collectively serve more than 1 million customers and, over the next five years, have a planned consolidated $2.3 billion in capital expenditures. Fortis expects to close the UNS Energy acquisition by the end of 2014. Fortis Properties owns and operates 23 hotels, comprised of more than 4,400 rooms, in eight Canadian provinces and owns and operates approximately 2.7 million square feet of commercial office and retail space, primarily in Atlantic Canada.