Nalcor Energy announces leadership changes

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Canadian utility Newfoundland and Labrador Hydro has named John MacIsaac as its new president, effective immediately, the company announced earlier this week.

MacIsaac has served as Vice-President of Project Execution and Technical Services for parent company Nalcor Energy and executive lead for the 5,428-MW Churchill Falls hydropower plant.

"[MacIsaac's] focus on rigorous planning, execution and measurement has resulted in the achievement of best-in-class project management standards," the company said in a release. "MacIsaac will bring the same rigorous approach to Hydro, continuing to evolve its operational planning and processes to effectively serve customers."

Meanwhile, former Newfoundland and Labrador Hydro vice-president Rob Henderson will join Nalcor Energy to lead the company's transition and integration efforts. Nalcor said the role will be critical in integrating the 824-MW Muskrat Falls plant with the Maritime and Island transmission links.

Both transitions come as Nalcor Energy projects its assets to grow from about US$8.3 billion in value to more than $10.5 billion by 2020. The company is also looking at exporting power to the neighboring New England region.

"Such significant change and growth requires a fundamental change within our operating mode and organization structure," Nalcor Energy CEO Ed Martin said. "Over the past year we have been preparing for this transition and the steps taken today are integral to our success in bringing Muskrat Falls online and exporting our power to markets in the U.S."

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