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JOHN WRIGHT APPOINTED AS PRESIDENT AND CEO OF SASKPOWER

Released on February 15, 1999

John Wright has been appointed president and chief executive officer

of Saskatchewan Power Corporation (SaskPower), Deputy Premier and

Crown Investments Corporation Minister Dwain Lingenfelter announced

today. Wright will begin work at SaskPower on March 1, 1999.



"The SaskPower Board provided the CIC Board with three excellent

candidates to choose from," Lingenfelter said. "We decided that

Mr. Wright's background and skills best matched our requirements for

leadership and financial management experience."



Milt Fair, vice-chair of the SaskPower Board, led the search for a new

president. Caldwell Partners provided the search committee with a

number of candidates from Saskatchewan and other provinces. Following

interviews, a short list of three was presented to the CIC Board.



"Our board believes that each of the nominations we put forward would

have been a good choice to lead SaskPower," Fair said. "The CIC Board

made the final decision. I have had the opportunity to work with

Mr. Wright over the last year and am well aware of his impressive

record in the public sector of Saskatchewan. I am confident that he

will provide strong leadership as we deal with the many challenges

ahead."



John Wright is an economist with degrees from the universities of

Alberta and Western Ontario. He began working for the Department

of Finance in 1977 and was appointed deputy minister in 1990. He

served in that position for five years and played a leading role

in the successful effort to balance the province's budget. In

April 1995 he was appointed president and CEO of Saskatchewan

Government Insurance and in July 1996 became president and CEO of

Crown Investments Corporation.



"SaskPower has dealt with a number of difficult issues in recent

times which get most of the attention," Lingenfelter said.

"Through it all the people who work at SaskPower have continued

to provide one of the most reliable services in Canada at rates

that compare well with other provinces. Our publicly-owned power

company is in good shape and John Wright brings to the job of CEO

the background, experience and proven abilities that are needed

to take it forward."



Lingenfelter and Fair recognized the contribution of Kelly Staudt

as acting president since March 1998.



"We appreciate the sure and steady leadership that Mr. Staudt has

provided," Fair said. "A lot of progress has been made over the

last year in resolving many of the issues facing the

corporation."



Staudt will return to his position of vice-president, Customer

Services.

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For more information, contact:



Anna Arneson

Media Services

Regina

Phone: (306) 787-0850

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