Former TransCanada CEO Hal Kvisle Honoured with Fraser Institute's T. Patrick Boyle Founder's Award

Tue Nov 15, 2011 2:49pm EST

* Reuters is not responsible for the content in this press release.

  CALGARY, ALBERTA, Nov 15 (MARKET WIRE) --
Harold (Hal) Kvisle, former president and CEO of TransCanada Corp., was
honoured Monday night with the Fraser Institute's T. Patrick Boyle
Founder's Award during a gala dinner at the Westin Calgary.

    The Fraser Institute gives the award to recognize outstanding
achievements in entrepreneurship, the promotion of free markets, and
philanthropic support for private sector, non-profit enterprises.

    In accepting the award, Kvisle credited the passion and knowledge of the
entrepreneurs who built Western Canada's energy sector and brought jobs
and prosperity to the region. But he warned that prosperity is now
threatened by government over-regulation spurred by environmental
activists.

    "Our federal and provincial governments appreciate the value of
entrepreneurship and innovation. They are moving in the right direction
on income tax rates and fiscal responsibility," Kvisle said.

    "But misguided government policy is only as far away as the next
election, and our friends the activists continue to pressure elected
politicians with misinformation and hyperbole. It's no longer appropriate
for corporate leaders to go with the flow and accept the burden of
unnecessary and inappropriate regulation. We need to stand up, state the
facts, clarify the benefits of our projects, and work with politicians
and regulators to deal with the regulatory morass that has built up over
many decades."

    Kvisle joined TransCanada in 1999 as executive vice-president and managed
the divestment of more than $3 billion of non-core assets before his
appointment as CEO in 2001. Under his leadership, TransCanada became
Canada's largest independent power producer, North America's largest
natural gas transmission company and the third largest natural gas
storage company. Today, TransCanada is expanding its oil and gas
transmission network with key pipeline projects in B.C., Alberta, Alaska,
and the continental United States.

    An environmental advocate, Kvisle is currently Chairman of the Board of
Directors for the Nature Conservancy of Canada, and also serves on the
boards for Bank of Montreal and ARC Energy Trust. He previously served as
Chairman of the Board of Governors of Mount Royal College and as Chairman
of Interstate Natural Gas Association of America (INGAA). In 2008, he was
named Canada's Outstanding CEO of the Year.

    "Hal Kvisle is a true entrepreneur who helped make Canada an energy
superpower while simultaneously creating jobs for thousands of Canadians
and others around the world," said Brett Skinner, Fraser Institute
president.

    "He personifies business and community leadership. Through his volunteer
work, he has shown his support of education and environmental issues,
proving that free enterprise and social wellbeing are inseparable. Hal
Kvisle is an example many other CEOs would want to emulate."

    Follow the Fraser Institute on Twitter | Become a fan on Facebook

    The Fraser Institute is an independent Canadian public policy research
and educational organization with offices in Vancouver, Calgary, Toronto,
and Montreal and ties to a global network of 85 think-tanks. Its mission
is to measure, study, and communicate the impact of competitive markets
and government intervention on the welfare of individuals. To protect the
Institute's independence, it does not accept grants from governments or
contracts for research. Visit www.fraserinstitute.org


Contacts:
Fraser Institute
Dean Pelkey
Director of Communications
(604) 714-4582
dean.pelkey@fraserinstitute.org
www.fraserinstitute.org

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