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21May'13

New President and CEO of Hawaii Gas Appointed

Honolulu, HI - Hawaii Gas announced today that Alicia Moy has been appointed President and Chief Executive Officer (CEO) effective immediately.

Ms. Moy succeeds Jeffrey M. Kissel, who has served as President and CEO of Hawaii Gas since 2007. Mr. Kissel has decided upon early retirement in order to focus more time on his work on economic initiatives to lower the cost of doing business in Hawaii.

Ms. Moy worked on the acquisition of Hawaii Gas on behalf of its parent company, Macquarie Infrastructure Company (MIC), in 2005 and 2006. Since then, she has overseen MIC’s investment in Hawaii Gas and has been a member of the Board of Directors of Hawaii Gas since 2011. Ms. Moy has led a number of initiatives on behalf of Hawaii Gas, including the successful refinancing of its long-term debt in 2012.

“I’m thrilled and honored to become part of the Hawaii Gas team,” said Ms. Moy. “Hawaii Gas is a critical part of Hawaii’s clean energy future and I’m proud to join this group of dedicated energy professionals that have provided safe and reliable gas service to the people of Hawaii for more than 100 years. I would also like to thank Jeff for his years of service and contributions to the business.”

Since joining the Macquarie Group in 2001, Ms. Moy has gained extensive leadership experience with several Macquarie-managed utility businesses in North America, including the development, funding, and execution of their strategic plans. As an energy insider, her experience has been and will continue to be an important asset to Hawaii Gas. Ms. Moy began her career in the Investment Banking division of Morgan Stanley in New York.

Ms. Moy and the leadership team at Hawaii Gas will be focusing on several key initiatives during the next several months.

“Among the high priority matters our team will be addressing is the continued diversification of our fuel supply. We will also be concentrating on the further development of our liquefied natural gas and renewable natural gas initiatives to further provide the people of Hawaii with clean, cost-effective and reliable gas energy,” said Ms. Moy.

“I believe Hawaii Gas is and will remain a key contributor in meeting Hawaii’s energy needs,” she added.

James Hooke, Chairman of the Board of Hawaii Gas and MIC said, “We’re extremely pleased to be able to place the leadership of Hawaii Gas in Alicia’s hands. Having overseen our acquisition of Hawaii Gas and worked with the business for the past eight years, she is the logical successor. The appointment of one of our most experienced senior executives to this role is an example of our deep and long-term commitment to Hawaii. We look forward to investing even more into Hawaii over the coming years. We have complete confidence in Alicia, given her talent and deep knowledge of the business and her vision for the next phase of its growth.”

“We appreciate the contributions Jeff Kissel has made,” Mr. Hooke continued. “The company has continued to grow and prosper during his tenure.”

About Hawaii Gas
The Gas Company, doing business as Hawaii Gas, is a wholly owned subsidiary of Macquarie Infrastructure Company. Hawaii Gas is Hawaii’s only government franchised full-service gas company, manufacturing and distributing gas in Hawaii. The market includes Hawaii’s approximately 1.4 million residents and nearly 8 million visitors. Hawaii Gas manufactures synthetic natural gas, or SNG, for its utility customers on Oahu, and distributes Liquefied Petroleum Gas, or LPG, to utility and tank and bottled gas customers throughout the state’s six primary islands. For additional information please visit www.hawaiigas.com.

About Macquarie Infrastructure Company
Macquarie Infrastructure Company owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of a gas processing and distribution business, Hawaii Gas, a controlling interest in a District Energy business in Chicago, and a 50% interest in a bulk liquid storage terminal business, International-Matex Tank Terminals. MIC also owns and operates an airport services business, Atlantic Aviation, and two solar power generation facilities, collectively MIC Solar. The Company is managed by a wholly New owned subsidiary of the Macquarie Group.

MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC.

 

Contact

Joseph J. Boivin, Jr.

808-535-5934

808-343-4426