Business
FortisAlberta announces new facility in City of Airdrie
FortisAlberta announces new facility in City of Airdrie.
About this update from Fortis Inc.
[{"type":"text","content":"\n\n\n\n\nCALGARY, May 25 /CNW/ - (TSX:FTS) - FortisAlberta and the City of Airdrie\nare pleased to announce the building of a new office facility in Airdrie's\nKingsview Business Park to house approximately 250 FortisAlberta employees,\npending permitting and regulatory approval.\n\"This decision aligns with FortisAlberta's focus on increasing our\npresence in our service areas to be closer to our customers,\" says Philip G.\nHughes, President and CEO of FortisAlberta. \"We're very proud to be investing\nin the growing community of the City of Airdrie. This move demonstrates our\ncontinued commitment to respond to our customers' needs.\"\n\"This is superb news and we are thrilled with the partnership we have\nformed with FortisAlberta. We have been working closely with FortisAlberta to\ndevelop a collaborative and strong plan, which supports our economic goals,\"\nsays Linda Bruce, City of Airdrie Mayor. \"This is a great opportunity for the\nCity of Airdrie business community, adding to and maintaining a healthy and\ndiversified economy.\"\nThe design and construction of FortisAlberta's new facility in the City\nof Airdrie will take two years, pending Alberta Energy and Utilities Board\nregulatory approval. Anticipated approvals are expected in 2006. Next steps\ninclude the design and finalizing of the facility plans. FortisAlberta expects\nto occupy the new building prior to the spring of 2008.\n\nFortisAlberta is an electric distribution company with approximately\n420,000 customers and more than 103,600 kilometres of power lines. It is a\nwholly owned indirect subsidiary of Fortis Inc. - a diversified, international\nelectric utility holding company with assets exceeding $4.3 billion and annual\nrevenues of over $1.4 billion. The Common Shares, Series C First Preference\nShares and Series E First Preference Shares of Fortis Inc. are traded on the\nToronto Stock Exchange under the symbols FTS, FTS.PR.C and FTS.PR.E,\nrespectively. Fortis Inc. information can be accessed at www.fortisinc.com.\n\nFortisAlberta may include forward-looking statements in this release. By\ntheir very nature, forward-looking statements are based on underlying\nassumptions and are subject to inherent risks and uncertainties surrounding\nfuture expectations generally. Such events include, but are not limited to,\ngeneral economic, market and business...