CALGARY, June 8 /CNW/ - (TSX:FTS) - Today, FortisAlberta and the City of Airdrie signed a 10-year Electric Distribution Franchise Agreement. This agreement grants FortisAlberta the exclusive right to own, operate and maintain the electric distribution service within Airdrie's rights-of-way as outlined in Section 45 of the Municipal Government Act. Philip G. Hughes, President and CEO of FortisAlberta says, "We're pleased to reach this agreement with the City of Airdrie. Over the past year, we've worked closely together to help address Airdrie's concerns such as rapid residential and industrial growth and we look forward to a continued working partnership." "Granting this franchise to FortisAlberta provides Airdrie with a long term commitment and responsibility to ensure all electric distribution systems are provided for," adds City of Airdrie Mayor, Linda Bruce. "We believe this is a start to a collaborative partnership and we're eager about the new possibilities of this relationship." As a standard part of a franchise agreement, FortisAlberta will provide the City of Airdrie with an annual report on service levels such as customer satisfaction, responses to notification of outages and hazards, call centre response times, meter reading frequency and accuracy, customer complaints and employee safety. FortisAlberta has approximately 126 other franchise agreements within its service area in Alberta. FortisAlberta is an electric distribution company serving approximately 407,000 customers. It is a wholly owned subsidiary of Fortis Inc., a diversified, international electric utility holding company with assets exceeding $4 billion and annual revenues of approximately $1.2 billion. The Common Shares, Series C First Preference Shares, Series E First Preference Shares of Fortis Inc. are traded on the Toronto Stock Exchange under the symbols FTS, FTS.PR.C and FTS.PR.E, respectively. Fortis Inc. information can be accessed at www.fortisinc.com.