Hydro Ottawa Holding Inc.

Hydro Ottawa Holding Inc.

July 13, 2011 13:00 ET

Hydro Ottawa Appoints New President and Chief Executive Officer

OTTAWA, ONTARIO--(Marketwire - July 13, 2011) -

Editors Note: A photo for this release will be available on the Canadian Press picture wire via Marketwire.

Pierre Richard, QC, ICD.D., Chair of the Board of Directors of Hydro Ottawa Holding Inc. (Hydro Ottawa) today announced the appointment of Bryce Conrad as the company's next President and Chief Executive Officer. Currently an executive with the federal government, Mr. Conrad has extensive experience with infrastructure management, complex negotiations, and leading large organizations.

"We are excited that Bryce will be bringing his talents to Hydro Ottawa," said Pierre Richard. "He has an impressive record of achievement that shows an ability to execute business strategies that create value and serve the public interest. His experience managing billions of dollars worth of infrastructure and capital projects will serve our company, our customers and our shareholder well."

Following an extensive search, Hydro Ottawa's Board has appointed Mr. Conrad to lead the Hydro Ottawa Group of Companies, which includes Hydro Ottawa Holding Inc. and its two subsidiaries, Hydro Ottawa Limited and Energy Ottawa Inc., for a five-year term beginning August 15, 2011. He joins Hydro Ottawa from Infrastructure Canada, where he is currently Assistant Deputy Minister – Program Operations, and has previously held executive and senior positions at Infrastructure Canada, Transport Canada, the Treasury Board Secretariat, and Human Resources Development Canada.

Mr. Conrad holds Masters degrees in both Business Administration and Public Administration, and has risen quickly through the executive ranks of the federal government. His achievements include negotiating federal-provincial-territorial agreements for major infrastructure projects, and managing the implementation of the $4 billion Infrastructure Stimulus Fund (Economic Action Plan), the $6.6 billion Building Canada Fund, the Green Infrastructure Fund, and Gas Tax agreements with municipalities and provinces.

"Bryce is known as a solid financial manager, a skilled negotiator, and a talented executive who inspires those around him to perform to their full potential," said Pierre Richard. "He shares our vision of making Hydro Ottawa one of the leading energy service providers in the country, building a modern, efficient and sustainable electricity system, and growing our company to generate shareholder value. He is a capable and effective leader, and we are delighted to welcome him to Hydro Ottawa."

About the Hydro Ottawa Group of Companies

The Hydro Ottawa Group of Companies is comprised of Hydro Ottawa Holding Inc, a private company which is 100 percent owned by the City of Ottawa. It owns and operates two subsidiary companies: Hydro Ottawa Limited and Energy Ottawa. Hydro Ottawa Limited, the third largest municipal electricity company in the province, is responsible for the safe, reliable delivery of electricity to 300,000 residential and business customers in the city of Ottawa and the village of Casselman. Energy Ottawa generates 150 million kWh of green electricity every year, through its Chaudière Falls hydroelectric generating facilities and its landfill gas-to-energy generating station at the Trail Road Landfill. In addition, Energy Ottawa offers energy management consulting and associated services to commercial customers.

Biography: Bryce Conrad

With over ten years of executive and senior management experience with the Government of Canada, Bryce Conrad has earned a reputation as one of the top performing executives in Canada's civil service. Having negotiated complex agreements between the federal government and provinces, territories and municipalities, and managed many billions of dollars worth of capital projects and infrastructure, he is regarded as a prudent financial manager, a skilled negotiator, and an action-oriented executive with strong business and people skills.

Mr. Conrad currently serves as Assistant Deputy Minister – Program Operations at Infrastructure Canada, where he recently managed the implementation of the $4 billion Infrastructure Stimulus Fund, overseeing the selection and management of 4,000 projects that created more than $10 billion in economic activity. He was also responsible for the oversight and administration of the Building Canada Fund, the Green Infrastructure Fund and the Gas Tax agreements with provinces and municipalities.

Mr. Conrad has risen quickly through the executive ranks in the federal government. He has previously served in executive and senior roles at Infrastructure Canada, Transport Canada, Treasury Board Secretariat, and Human Resources Development Canada, with responsibilities including Highways and Borders, Surface Infrastructure Programs, Expenditure Management Review, and Cabinet and Parliamentary Affairs. He has managed a wide range of programs and infrastructure investments, led large and complex organizations, and provided advice to deputy ministers, ministers, cabinet committees, and cabinet.

Mr. Conrad is fluently bilingual, and holds a Bachelor of Arts (Honours) from Queens University, a Master of Public Administration from Carleton University, and a Master of Business Administration from the University of Ottawa.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20110713-Bryce%20Conrad_800_2.jpg

Contact Information

  • Nathan Benson
    Hydro Ottawa
    613-325-5283