Capital Power creates responsible electricity solutions to power communities, businesses and critical services across Canada and the United States. The company is focused on innovation to reduce emissions and increase efficiency at its thermal facilities today and decarbonize tomorrow by advancing carbon capture, utilization and sequestration (CCUS) solutions. Capital Power is also developing and operating a renewable portfolio of wind and solar assets to expand the capacity of clean energy available for our grids. Together, its thermal and renewable assets are well-positioned to support the carbon-neutral energy system required for our longevity as a global community. Essential today, essential for our future – Capital Power is laying the groundwork to be net carbon neutral by 2050.
Women+Power is pleased to announce that we are hosting a Networking Reception on Day 1 of the IPPSA Conference at the Fairmont Banff Springs from November 13-15. Our reception will occur on November 14 from 4:45 – 6:15 pm in Mt. Stephen Hall. Appetizers and drinks will be provided. Please note that a conference pass is required to attend.
We thank IPPSA and Evan Bahry for their support of this event. This year, we proudly welcome Maskwa Environmental Consulting Ltd. and Maskwa High Voltage Ltd. as event sponsors. Maskwa became a Kilowatt sponsor of Women+Power in March 2022.
Based in Calgary, Alberta, Maskwa provides professional consulting services to power-sector clients in western Canada. The combined solutions offered by these organizations include regulatory strategy development and implementation, planning and permitting, environmental and GIS services, and comprehensive engineering services focused on the design and execution of high-voltage power and transmission projects.
While Maskwa has seen significant success and growth over the past few years, its leadership team is committed to ongoing improvement and exploring ways to create a corporate culture that fosters continued profitable growth. They acknowledge that this requires multiple initiatives versus any single initiative alone. However, one of the more salient, recent actions they have undertaken is to encourage diversity and inclusion in their workplace. One of the ways this is being done is by supporting Women+Power and our goal to empower women in the power industry to achieve their full professional and personal potential.
We recognize that the desire to have increased inclusivity and diversity in the workplace is not unique to Maskwa. We also believe that our commitment to this overall initiative, and the support of Women+Power, will at least contribute to the larger movement of driving transformational change to create a more diverse and inclusive power industry in Alberta. Success here will result in positive outcomes for our staff, overall company performance, and our industry.Vice President, Maskwa
To learn more about Maskwa Environmental Consulting Ltd., click here.
Featuring Carolyn Dahl Rees, Chair of the AUC, and AUC Commissioners and staff
Thank you to everyone who attended our Educational Networking Event + Wine & Cheese, Behind the Doors of the Alberta Utilities Commission (AUC) Hearing Room, on September 28. The event provided a ’sneak peek’ into the hearing process and featured Carolyn Dahl Rees, Chair of the AUC, and AUC Commissioners and staff. The event was open to members only and sold out quickly. Participants enjoyed a networking session with presenters following the formal presentation.
W+P would like to extend a heartfelt thanks to Commission Chair Carolyn Dahl Rees for making this event a reality, Laura-Marie Berg for moderating the discussion, and Commissioners Vera Slawinski, Renee Marx, Laura Fukuda, Salma Karim, and Kristi Sebalj for sharing about their experiences as Commissioners.
Here are some of the comments we received following the event:
It was interesting to see the different aspects of the hearing process. I particularly liked how the commissioners talked about authenticity in the hearings.
Great tips and tricks from the Commissioners about participating in a proceeding. I think my team members gained some comfort with the AUC process and space.
As a regulatory professional, it was very helpful to hear exactly what the Commissioners are looking for from applicants/interveners.
This event was fantastic! It was great to hear about some of the changes the AUC implemented to improve efficiency and some of the dos and donts during a hearing. Great insights on what makes for a more efficient and compelling case.
It was great to hear AUC Commissioners and staff speak candidly about the application and hearing process.
If you missed this Women+Power event, please consider becoming a member to receive invitations to our exclusive offerings (membership is free!).
Featuring the Honourable Sonya Savage & the Honourable Whitney Issik
Thank you to everyone who joined us on October 4 at The Hudson for an exclusive luncheon with The Hon. Sonya Savage, Minister of Energy and The Hon. Whitney Issik, Minister of Environment and Parks.
We hosted approximately 300 attendees who listened intently to a discussion about the energy industry’s transition to net zero, and the valuable contribution women can make toward this goal and in the post-pandemic economic recovery. The event was emceed by Elaina Eifler, Chair of the Women+Power Events & Programs Committee and moderated by Sharleen Gatcha, Founder & CEO of Women+Power.
W+P would like to extend heartfelt thanks to both ministers for generously donating their time and sharing about the work of each ministry as it relates to the energy transition. Both of these women have moved into new roles following the recent appointment of Danielle Smith as Premier, and we wish them both tremendous success!
Here are some of the comments we received following the event:
There is a lot going on currently within the energy industry, and it’s good to see that impactful discussions are being had at all levels and not just on issues related to the environment.
The room was full of an incredible network of highly intelligent and successful women, which was amazing to see. That is a testament to Women+Power and the team running it.
The luncheon was a well-executed event at a fantastic venue. Both speakers were terrific, informative and highly engaging. I appreciated the comment about equity targets and the caution around setting targets without a strong plan to get there. Also tremendously informative to hear about the industry and the importance of energy security. Well done.
We need more of these types of events in the industry!
If you missed this Women+Power event, please consider becoming a member to receive invitations to our exclusive offerings (membership is free!).
A big thank you to The Hudson and Encore (AV team) for their work to ensure the event was a success and to our photographer, Fern & Pine Studios, for the outstanding photography! Finally, we thank our sponsors, partners and members for their continued support. We have more exciting things in the works for 2023. Stay tuned!
Executive search consultants say the No. 1 ask from boards recruiting new directors is CEO or CFO experience. In many sectors, where relatively few women attain CFO and, especially, CEO positions, this can hamper companies seeking to cultivate a diverse roster of directors.
But then there is St. John’s-based Fortis Inc. — a utility with $8.9 billion in revenue, $56 billion in assets and operations in five Canadian provinces, nine U.S. states and three countries in the Caribbean. Fortis has six women on its 12-member board. In addition to their diverse range of director experience, one is a former CEO, two are former CFOs, one is a former president, one is a former COO and the other is a former Chief Digital Officer.
How did they get there? The short answer is that Fortis didn’t restrict its search to women from its own sector. It’s a practice that many diverse boards have applied — yet, at first glance, one that seems more widely embraced in utilities and pipelines, which leads all sectors both in terms of the percentage representation of women directors on boards and in executive officer positions in the C-suite.
Along with Fortis, for example, boards at companies like Enbridge, Emera, TransAlta, Hydro One and Capital Power all count four or five women directors — former CEOs, presidents, CFOs, managing directors, group heads and the like.
However, even in this sector, there are examples of boards with only one woman director or none. The results achieved by other companies in this sector suggests those boards either just aren’t trying hard enough or aren’t making diversity a priority.
Latest diversity data
As noted, overall sector data compiled for Osler’s 2021 Diversity Disclosure Practices report establishes utilities and pipelines as the industry to emulate. In terms of the percentage of women directors, it leads with a mid-year 2021 mark of 35%, compared to 22.1% for the entire group of 614 TSX-listed companies that disclosed. The average of 3.71 women directors per utilities and pipelines board is more than double the TSX-listed average of 1.83 (629 companies disclosed).
Breakdown of number and percentages of women directors in 2021
In terms of women executive officers at mid-year 2021, utilities and pipelines ranked first overall in the average number of female executive officers per company at 5.08, compared to 1.69 for all the TSX-listed firms in Osler’s report (575 companies disclosed). On a percentage basis, women made up 30% of executive officers in the sector as of mid-year 2021, leading the pack in first place. The average for all the TSX-listed companies reporting in this category (565 companies) was 18.2%.
Breakdown of number and percentages of women executive officers in 2021
Trends since 2015
This sector’s positive story is also reflected in gains for women since 2015, both on boards and in the C-suite. The percentage of women directors at mid-year 2021 was up by 75% (35% versus 20% in 2015). The average number of women directors per board increased at roughly the same rate (3.71 at mid-year 2021 versus 2.06 per board in 2015). The percentage of women executives in the utilities and pipelines sector also doubled, according to Osler’s data (30% as of mid-year 2021 versus 15% in 2015) while the number of women executive officers per company increased at a more modest but still significant rate (5.08 versus 3.0).
Women executive officers in the utilities and pipelines sector
Similar data compiled by the Canadian Board Diversity Council (CBDC) [PDF], focusing exclusively on FP500 companies, shows a slower rate of change — at least among large utilities, which the CBDC measures separately rather than combined with pipelines. In that group, the percentage of women on boards grew from 27.1% in 2015 to 30.1% in 2018. The change was even more gradual for female executive officers (which the CBDC only started tabulating in 2016), going from 23.2% to 24.3% in 2018.
Best practices and sector leaders
The CBDC’s annual report card points to a couple of sector-wide trends that might help explain the relatively high rates of diversity in utilities and pipelines. According to that report, the utilities sector ranks first in the percentage of boards (55.6%) that have diversity targets for the number of women directors and second for boards that have a written diversity policy (66.7%).
Osler’s research has highlighted a pair of individual companies that have shown leadership in these specific areas.
Inter Pipeline Ltd.
In 2019, the corporation developed a diversity strategy with respect to the construction and operation of its Heartland Petrochemical Complex and also partnered with Women Building Futures. In 2019, Inter Pipeline invested $580,000 to support Women Building Futures in raising awareness and providing pre-apprenticeship training to women in Alberta’s Heartland area.
Inter Pipeline describes various initiatives intended to support its diversity strategy and commitment to advancing women and other individuals of different backgrounds at all levels of the organization. These include a formal internal networking group, formal leadership programs and its support of and partnership with Women Building Futures, an organization offering training for women looking to enter the construction, maintenance, transportation and home building industries. In 2020, the company established a Council for Diversity & Inclusion and introduced a mandatory unconscious bias training program for all employees.
To foster a more equal, diverse and inclusive environment, Emera annually analyzes pay equity, including (a) a wage gap analysis to track progress and identify challenges by affiliate, (b) the exercise of selective pay increases if wage disparity exists and (c) annual monitoring of the rates of women in leadership and senior leadership roles. As part of the company’s governance practices, a minimum of 30% of the board must be comprised of women — a target the organization has surpassed for many years. Currently, four of the directors on the 12-member board are women, including the chair.
Periodically, international consulting firm EY publishes a Women in Power and Utilities index that tracks diversity at the top 200 global utilities by revenue. Based on that data, women are under-represented in this sector in all regions around the world. But there are some significant differences.
The percentage of non-executive women directors on power and utility boards in North America (25%) and Europe (26%) is high, but those figures dwarf percentages in Latin America and the Caribbean (7%); Africa and the Middle East (11%) and Asia-Pacific (13%).
North American utilities have the highest percentage of women in senior management (22%) according to EY, followed by those in Europe (15%), Latin America and the Caribbean (13%), Africa (9%) and Asia-Pacific (9%).
The uneven progress between regions, and at a remaining handful of companies in Canada, is a target for further improvement. But in this sector, unlike some others, leaders and role models are close at hand.
Iconic Power Systems Inc. (ICONIC) is headquartered in Calgary, AB with additional offices in Edmonton, AB, Guelph, ON and Buffalo, NY. Since 2008, ICONIC has been constructing the critical infrastructure that connects people to power.
ICONIC partners with utility companies, independent power producers (IPPS), EPCMs, and General Contractors across traditional and renewable power industries to deliver safe, predictable, and professional power construction projects.
ICONIC provides integrated services including engineering, earthworks, distribution, high voltage utility construction, panel fabrication and storm restoration services.
ICONIC is committed to fostering an environment of diversity and inclusion. Initiatives such as Women + Power align with this commitment.
“Inclusivity unites us, and we garner strength through diversity. Our sponsorship of Women+Power is a commitment towards transformational change in the power industry. We are dedicated to creating an inclusive, barrier-free environment that values and recognizes the diverse talents of all people thereby creating an industry that encourages creativity and inspires innovation.”Jay Bruchet, President
To learn more about Iconic Power Systems, click here.
The Canadian Institute’s 10th Annual Alberta Power Symposium takes place in Calgary on September 21-22, 2022 at the Sheraton Cavalier Calgary Hotel.
This conference occurs over two transformative days of sharing and learning of key issues revolving around alternative energy sources, grid infrastructure, disruption and innovation, clean energy generation, transmission and distribution. Gain insight from the major players in the power sector as they assess the key drivers that are transforming Alberta’s electricity sector and respond to the targets of a net-zero economy.
Women+Power Members Save 10% With Promo Code: D10-999-WOMENPOWER. Register here.
Investment Banking Associate
Yining provides Capital Markets & Advisory services at Macquarie Group to clients in the power industry and the energy transition space. With a decade of experience, Yining has worked in various roles in the power industry from engineering, operations, strategy & corporate development, concessionary financing to capital markets & advisory, with a transmission provider, an Independent Power Producer, a government agency and an investment bank. In her career often as the only female sitting at the table, Yining believes it has been long overdue to have more women in the industry and is passionate about being a part of that transition.
July 5, 2022
We couldn’t be more thrilled with the support we received from our guests at our first member-only in person event on June 16, 2022! It was so great to meet so many of our members in the flesh and we thoroughly enjoyed connecting over some great conversation. We know this event has been a long time coming and we thank you for joining us at The RoofTop YYC!
Women+Power would like to thank the following individuals and organizations for their support and donations. Your contributions made the event possible and allowed us to provide giveaways to our members in attendance:
- Mr. Brett Wilson and The Rooftop YYC for providing us with a venue for the event at the most popular (and fully booked til forever) patio in town! It was many of our attendees first visit since the Rooftop’s expansion, and everyone was impressed. The food and drinks were delicious!
- Anna Marie Chocolates for the generous donation of 10 boxes of beautifully hand-made chocolates . Anna-Marie has been creating chocolate delights for over 10 years. She attended a variety of chocolate courses, including “Bean-To-Bar” and Showpiece Creations. She is an avid culinary traveler and has tasted chocolates all around the world. To place an order or for more information, contact Anna-Marie at email@example.com.
- A big thank you to Divine Creations for donating the exquisite flower arrangement that adorned our Network Event sign-in table until it was raffled off to one of our lucky attendees!
If you missed this event, please consider becoming a member to receive invitations to all of our exclusive offerings. Click here to join as a member today (membership is free!).
A big thank you to our sponsors for their continued support, and shout out to our newest sponsor, Enfinite, for recently joining Women+Power at the Megawatt level. We have some exciting things in the works. Stay tuned!
Higher Landing is an innovative, results focused, career transformation company that provides collaborative “go-to-market” assistance for individuals transitioning, transforming or reinventing their careers. This includes professional transition, branding and marketing services. Leading the evolution of the outplacement and transition industry, Higher Landing offers clients a cutting-edge program delivered by a team of professionals who help them land higher in their career. They take the traditional transition process to a new level with a proprietary approach that aims to connect head with heart, and identify strengths, values, passions, and purpose. Then, they go further by adding personal branding and strategic marketing to client programs which set a new industry standard.
To learn more visit: http://www.higherlanding.com
Calgary Women in Energy (CWiE) is an exclusive, non-profit, oil women’s society dedicated to promoting, supporting and empowering women in Calgary’s energy sector. Members are directly engaged in oil field exploration and production, pipelines and facilities, construction and manufacturing. Working collaboratively with men in the industry, CWiE is a dynamic collection of professional women with integrity and shared aspirations. We facilitate meaningful approaches to networking and embrace new ways of enriching our connections. CWiE strives to make a positive impact on both our industry and our community through charitable work, organic mentorship and education.
To learn more, visit: https://www.calgarywomeninenergy.com/about
Decentralised Energy Canada (DEC) is a national industry association dedicated to the appropriate development of decentralised energy. DEC provides a network pathway for startups, entrepreneurs, corporations, and market leaders to work together in the most efficient and productive way. DEC is Canada’s market access hub for the decentralised energy sector and provides training for those seeking to develop onsite energy solutions. DEC members include many of Canada’s leading experts in market intelligence and system design.
To learn more, visit: https://www.deassociation.ca/