July 5, 2024 – Michael Law, president & CEO of the Alberta Electric System Operator (AESO), is leaving the organization effective August 1, 2024.

Following Law’s departure, Aaron Engen will assume the role of president & CEO. Engen has served on AESO’s board since 2020 and currently serves chair of the Power System Committee.

He possesses over two decades of investment banking experience, most recently as vice-chair, Investment & Corporate Banking, at BMO Capital Markets. His work focused on energy infrastructure, including power and utilities. He also co-headed the bank’s Power & Energy Infrastructure group.

More recently, Engen co-headed BMO’s Energy Transition group, which focused on sectors such as hydrogen, carbon capture and sequestration, renewable natural gas, renewable power generation, energy storage, and small modular reactors.

“The AESO board is confident in Aaron’s ability to assume the president & CEO role,” said Karl Johannson, board chair. “He will play a key role in engaging with stakeholders in the development of Alberta’s market design, and brings deep corporate finance, investment, and transactional experience […]”