CALGARY, May 25 /CNW/ - (TSX:FTS) - FortisAlberta and the City of Airdrie are pleased to announce the building of a new office facility in Airdrie's Kingsview Business Park to house approximately 250 FortisAlberta employees, pending permitting and regulatory approval. "This decision aligns with FortisAlberta's focus on increasing our presence in our service areas to be closer to our customers," says Philip G. Hughes, President and CEO of FortisAlberta. "We're very proud to be investing in the growing community of the City of Airdrie. This move demonstrates our continued commitment to respond to our customers' needs." "This is superb news and we are thrilled with the partnership we have formed with FortisAlberta. We have been working closely with FortisAlberta to develop a collaborative and strong plan, which supports our economic goals," says Linda Bruce, City of Airdrie Mayor. "This is a great opportunity for the City of Airdrie business community, adding to and maintaining a healthy and diversified economy." The design and construction of FortisAlberta's new facility in the City of Airdrie will take two years, pending Alberta Energy and Utilities Board regulatory approval. Anticipated approvals are expected in 2006. Next steps include the design and finalizing of the facility plans. FortisAlberta expects to occupy the new building prior to the spring of 2008. FortisAlberta is an electric distribution company with approximately 420,000 customers and more than 103,600 kilometres of power lines. It is a wholly owned indirect subsidiary of Fortis Inc. - a diversified, international electric utility holding company with assets exceeding $4.3 billion and annual revenues of over $1.4 billion. The Common Shares, Series C First Preference Shares and 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. FortisAlberta may include forward-looking statements in this release. By their very nature, forward-looking statements are based on underlying assumptions and are subject to inherent risks and uncertainties surrounding future expectations generally. Such events include, but are not limited to, general economic, market and business conditions, regulatory developments, weather and competition. FortisAlberta cautions readers that should certain events or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. For additional information with respect to certain of these risks or factors, reference should be made to FortisAlberta's continuous disclosure materials filed from time to time with Canadian Securities Regulatory Authorities. FortisAlberta disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. %SEDAR: 00021201E
