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FORTIS INC. Announces retirement of President and CEO Barry Perry

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DAVID HUTCHENS NAMED SUCCESSOR EFFECTIVE JANUARY 1, 2021

#StJohns, Newfoundland, Canada – September 23, 2020 – Doug Haughey, Chair of the Board of Directors (the “Board”) of Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) today announced the retirement of Barry Perry, President and CEO, from Fortis and the Board, effective December 31, 2020.

Barry Perry, outgoing Fortis Inc president

David Hutchens, currently Chief Operating Officer of Fortis and CEO of UNS Energy, will succeed Perry and join the Board, effective January 1, 2021. Perry made a personal decision to retire after a nearly 35-year career, over 20 of which were with Fortis. He has led the Corporation since 2015. Prior to his current position, he served as President from June 30, 2014 to December 31, 2014 and as Vice President, Finance and Chief Financial Officer of Fortis for 10 years. The Board’s long-term CEO succession plan positioned the Corporation well for this transition and following a comprehensive process the Board confirmed Hutchens as Perry’s successor.

“I’m humbled to have spent the past two decades of my career with Fortis. It’s been an incredible journey to lead the company during a time of such transformational growth. Thank you to our employees, both past and present, for contributing to the success of Fortis,” said Barry Perry. “Fortis has become a North American utility leader focused on a cleaner energy future. I have absolute confidence that David and the team will continue to serve our customers well, advance our strategy and grow Fortis for years to come.”

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In expressing his support for Hutchens, Perry said: “David has decades of utility experience, including as CEO of our subsidiary UNS Energy in Arizona. He has a deep understanding of our business, strategy and culture, is forward-focused, an innovative thinker and most importantly, shares the values of Fortis.”

Hutchens was appointed Chief Operating Officer of Fortis in January 2020 while concurrently serving as the CEO of UNS Energy. In this position, Hutchens was integral in the development of the Corporation’s strategic business plan and led initiatives on safety and operational excellence. In his prior role, he served as Executive Vice President, Western Utility Operations with Fortis beginning in January 2018. In this role, Hutchens maintained his responsibility as President and CEO of UNS Energy and provided oversight of the operations of FortisBC and FortisAlberta.

“I would like to sincerely thank Barry Perry for his outstanding leadership and immense contributions over the past 20 years,” said Doug Haughey. “Barry led the Corporation’s acquisition of our largest business, ITC Holdings, the listing of Fortis on the New York Stock Exchange and, following our strategic expansion into the United States, he successfully pivoted the Corporation toward organic growth. Total shareholder return during Barry’s leadership of Fortis was 105%, or – 2 – approximately 12% per year. Furthermore, Barry advanced many priorities at the Corporation, including safety, diversity and inclusion, sustainability, investor relations and cybersecurity.”

David Hutchens, incoming President & CEO of Fortis Inc

“We are pleased to announce David Hutchens as the next President and CEO of Fortis,” said Haughey. “David has been a key leader in the Fortis organization and offers a unique combination of operational and regulatory expertise in both the electric and gas sectors. David is the right choice to advance the Corporation’s growth strategy and support a cleaner energy future.”

Hutchens has been with UNS Energy for 25 years, advancing through various management positions, overseeing wholesale energy trading and marketing, and energy efficiency and resource planning. He assumed the position of President and CEO, UNS Energy in May 2014. He earned a Bachelor of Aerospace Engineering and a Master of Business Administration from the University of Arizona and is a former nuclear submarine officer in the U.S. Navy. David is a member of the Edison Electric Institute’s Board of Directors, the Western Energy Institute Board of Directors and numerous other charity and civic organizations.

“I’m excited about leading Fortis into a new chapter of growth driven by our transition to a cleaner energy future,” said David Hutchens. “Our continued focus on energy delivery, our effective business model supporting our growth strategy, proven dividend track record and outlook, and our strong ESG profile make Fortis a premium North American utility. With my colleagues, I look forward to leading this incredible company, inspiring excellence in customer service and strengthening our partnerships with community and industry.”

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“Fortis will remain a Canadian-headquartered company and our success in this evolving industry will continue to be built on our strong foundation of safety, culture, responsibility, and commitment to our customers, employees and communities,” said Hutchens.

“I’d like to thank Barry for his tremendous contributions to Fortis,” said Hutchens. “His insights, passion and leadership are widely recognized in our industry and have been greatly appreciated by those of us fortunate enough to work closely with him.”

Issued by FortisTCI, Press Release

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What the new UK Prime Minister had to say about the Rwanda Deportation Plan at his first press conference

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Garfield Ekon

Staff Writer

 

 

#UnitedKingdom, July 19, 2024 – With the new Prime Minister of the United Kingdom (UK), Keir Starmer declaring the Rwanda deportation plan as “gimmick,” and “was dead and buried before it started,” the East African country has responded tersely.

In his first news conference on Saturday, the new PM said the controversial policy will be scrapped, as “it was never acted as a deterrent.  Almost the opposite,” to migrants from risking their lives on the high seas.

The Rwanda deportation plan once was designed by the previous Conservative Government and billed as a solution that would deter migrants. In a statement late Monday, the office of the Rwandan Government spokesman said the deal had been initiated by the UK “to address the crisis of irregular migration affecting the UK, a problem of the UK, not Rwanda,” the statement said.

For years, the UK Government has been struggling to stem the flow of migrants arriving across the English Channel. It has already given the Rwandan Government hundreds of millions of pounds to set up accommodation, and hire extra officials to process the asylum seeks, money it cannot recover.

PM Starmer said his administration will create a Border Security Command that would bring together staff from the police, the domestic intelligence agency, and prosecutors to work with international agencies, and stop people smuggling.

Suella Braverman, a Conservative hard liner on immigration who is a possible contender to replace the former Conservative Leader, has blasted Starmer’s plan to end Rwandan deal.

“Years of hard work, acts of Parliament, millions of pounds been spent on a scheme which had it been delivered properly would have worked,” she said, adding that there are “big problems” on the horizon which will be, “I’m afraid, caused by Keir Starmer.”

Chief Executive Officer of Freedom from Torture, Sonya Sceats, one of the many organisations and charities which have campaigned to stop the Rwandan plan, has welcomed the decision to “close the doors on this shameful scheme, that played politics with the lives of people fleeing torture and prosecution,” she said.

Supporters of the plan said it would have smashed the model of people traffickers, while critics have argued that the Rwandan policy was immoral and would never work. Last November, the UP Supreme Court declared the policy as unlawful, as Rwanda could not be considered a safe third country.

The legality of the deal was also being challenged by charities and unions in the court.

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UN Chief calls for greater Commitment to SDGs, only 17% on track

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Garfield Ekon

Staff Writer

 

#TurksandCaicos, July 19, 2024 – Countries across the globe are being called on by United Nations (UN) Secretary-General, Antonio Guterres, to “double down” their efforts to achieve the 17 Sustainable Goals (SDGs) and set the world on a more sustainable path by 2030.

The UN Chief said failure to secure peace, and to confront Climate Change, and to boost international finance is “undermining development,” and the countries must “accelerate action” for the SDGs, and “we don’t have a moment to lose.

“Only 17% of the SDG targets are on track, and we need to go further and faster in three areas simultaneously. We must not let up on our promise to end poverty, protect the planet and leave no one behind,” he told a recent press briefing to present the SDGs 2024 Report.

Noting that the Report shows that the world is getting a “failing grade,” Mr. Guterres underscored that progress on over one third has stalled, or even regressed, and in a world of “unprecedented wealth” knowledge and technologies, the denial of basic needs for so many is “outrageous and inexcusable.

“At the same time, we have what it takes to breakthrough to a better future, and the Report carries some glimmers of hope.

A few examples, girls in most regions are now achieving parity with boys in education.  Many women are breaking more glass ceilings in politics, in business and beyond.  Internet access is up.  HIV infections are down.  New malaria vaccines are being rolled out that could save millions of lives,” he reported.

The Secretary-General also highlighted that renewables are booming, and already make up 30 per cent of the world’s electricity supply. The speed and scale of the change needed for sustainable development is still far too slow, he said, and the examples “I gave, prove that it is possible, but we need to go further and faster in three areas simultaneously.

“We need action for peace.  From Gaza to Sudan, Ukraine and beyond, it is time to silence the guns, to support the displaced, and to pivot from spending on destruction and war to investing in people and peace.  Second, we need action on the green and digital transitions,” he said.

Making an impassion plea for countries to put forward ambitious national Climate action plans in 2025, that align with the 1.5°C limit, cover the whole economy and double as investment plans, he said a “surge in investment” in expanding access to digital connectivity and the benefits of the digital economy, is needed, and  countries should make these transitions “inclusive and fully aligned” with broader efforts to achieve gender equality.

“We need action on finance.  Many developing countries lack the financial resources and the fiscal space to invest in their futures and the future of their people. We must step up efforts to deliver the SDG Stimulus.  That means doing much more to reduce debt pressures and debt servicing costs.  It means expanding access to contingency financing for countries at risk of a cash flow crisis,” the UN Chief said.

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First remarks of New UK Prime Minister, Keir Starmer of the Labour Party; Wins 412 seats in Landslide Victory

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#UnitedKingdom, July 5, 2024

 

“I have just returned from Buckingham Palace… Where I accepted an invitation from His Majesty the King…

To form the next government of this great nation.  I want to thank the outgoing Prime Minister, Rishi Sunak.

His achievement as the first British Asian Prime Minister of our country… The extra effort that will have required…  Should not be underestimated by anyone.

We pay tribute to that today… And we also recognise the dedication and hard work he brought to his leadership.

But now our country has voted, decisively… For change.  For national renewal. And a return of politics to public service. When the gap between the sacrifices made by people…

And the service they receive from politicians…Grows this big.

It leads to a weariness in the heart of a nation.

A draining away of the hope, the spirit, the belief in a better future… That we need to move forward, together.

Now, this wound…This lack of trust…

Can only be healed by actions not words… I know that.

But we can make a start today… With the simple acknowledgment…

That public service is a privilege.

And that your government should treat every single person in this country… With respect.

If you voted for Labour yesterday… We will carry the responsibility of your trust, as we rebuild our country.

But whether you voted Labour or not… In fact – especially if you did not…

I say to you, directly…My government will serve you.

Politics can be a force for good – we will show that.

And that is how we will govern.

Country first, party second.

Yet, if I’m honest… Service is merely a pre-condition for hope.

And it is surely clear to everyone… That our country needs a bigger reset…

A rediscovery of who we are.

Because no matter how fierce the storms of history… One of the great strengths of this nation…Has always been our ability to navigate a way through to calmer waters.

And yet this depends upon politicians… Particularly those who stand for stability and moderation – as I do… Recognising when we must change course.

For too long now… We have turned a blind eye as millions slid into greater insecurity.

Nurses, builders, drivers, carers… People doing the right thing

Working harder than ever… Recognised – at moments like this, before.

Yet as soon as the cameras stop rolling… Their lives are ignored.

I want to say very clearly to those people – not this time.

Changing a country is not like flicking a switch… And the world is now a more volatile place.

This will take a while.

But have no doubt that the work of change begins – immediately.

Have no doubt – that we will rebuild Britain… With wealth created in every community.

Our NHS back on its feet, facing the future. Secure borders…Safer streets… Everyone treated with dignity and respect at work.

The opportunity of clean British power…Cutting your energy bills for good.

And, brick by brick… We will rebuild the infrastructure of opportunity…

The world class schools and colleges…The affordable homes that I know… Are the ingredients of hope for working people…

The security that working class families like mine… Could build their lives around.

Because if I asked you, now… Whether you believe that Britain will be better for your children… I know – too many of you would say: no.

And so my government will fight, every day… Until you believe again.

From now on… You have a government unburdened by doctrine… Guided only by a determination to serve your interests…To defy, quietly…

Those who have written our country off.

You have given us a clear mandate… And we will use it to deliver change… To restore service and respect to politics… End the era of noisy performance…

Tread more lightly on your lives… And unite our country.

Four nations… Standing together again… Facing down, as we have so often in our past…

The challenges of an insecure world…Committed – to a calm and patient rebuilding.

So with respect and humility… I invite you all… To join this government of service…

In the mission of national renewal. Our work is urgent…

And we begin it today.

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