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Fortis Inc (FTS.TO)

FTS.TO on Toronto Stock Exchange

48.03CAD
24 Nov 2017
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Latest Key Developments (Source: Significant Developments)

ITC Holdings Corp. announces pricing of $500.0 million senior notes
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Fortis Inc :ITC Holdings Corp. announces pricing of $500.0 million senior notes due 2022 and $500.0 million senior notes due 2027.  Full Article

ITC Holdings announces offering of senior notes due 2022 and senior notes due 2027
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Fortis Inc :ITC Holdings Corp announces offering of senior notes due 2022 and senior notes due 2027.‍ITC Holdings - intends to use net proceeds from offering to redeem in full $385.0 million principal amount of ITC's 6.050% senior notes due Jan 31, 2018​​.  Full Article

Fortis Inc reports Q3 adjusted earnings per share of $0.61
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Fortis Inc :Fortis reports third quarter earnings of $278 million.Fortis Inc - qtrly ‍net earnings attributable to common equity shareholders of $0.66 per common share​.Fortis Inc - qtrly adjusted earnings per share $0.61.Qtrly revenue $1.90 billion versus $1.52 billion last year.Fortis Inc- ‍over five-year period from 2018 through 2022, corporation's capital expenditure program is expected to total approximately $14.5 billion​.Fortis Inc - ‍consolidated capital expenditure plan of approximately $3.1 billion for 2017 remains on track​.Fortis Inc- ‍extended guidance for targeted average annual dividend growth of approximately 6% through to 2022​.Fortis Inc - ‍results for 2017 will continue to benefit from acquisition of ITC and impact of rate case settlement at UNS Energy​.Q3 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S.  Full Article

Fortis provides new five-year outlook and announces 6.25 pct quarterly dividend increase
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Fortis Inc :Fortis Inc. provides new five-year outlook and announces 6.25% quarterly dividend increase.Sets quarterly dividend of C$0.425per share.Fortis Inc - ‍Five-year capital investment plan of approximately $14.5 billion for 2018 through 2022, up $1.5 billion from prior year's plan​.Fortis Inc - ‍Q4 2017 dividend increase of 6.25%​.Fortis Inc - ‍Average annual dividend growth target of 6% extended through 2022​.Fortis Inc - ‍Consolidated rate base is projected to increase from over $25 billion in 2017 to approximately $32 billion in 2022​.Fortis Inc - ‍Capital investment plan is mostly comprised of a diversified mix of projects​.  Full Article

Fortis Inc to commence trading on New York Stock Exchange
Tuesday, 11 Oct 2016 

Fortis Inc : Fortis Inc to commence trading on New York Stock Exchange . Fortis Inc says expects its common shares will commence trading on NYSE on or about October 14, under ticker symbol "FTS" .Fortis Inc - will retain its listing on Toronto Stock Exchange ("TSX") under symbol "FTS".  Full Article

Fortis announces pricing of US$2.0 billion notes offering
Friday, 30 Sep 2016 

Fortis Inc : Fortis Inc. announces pricing of US$2.0 billion notes offering .Priced US$500 million of notes due 2021 at 2.100% and US$1.5 billion of notes due 2026 at 3.055%.  Full Article

Fortis Inc announces launch of US$2 bln notes offering
Thursday, 29 Sep 2016 

Fortis Inc : Commenced an offering of notes due 2021 and notes due 2026 . Fortis Inc. announces launch of US$2.0 billion notes offering .Intends to use net proceeds from notes offering to finance portion of cash consideration for previously announced acquisition of ITC Holdings.  Full Article

Fortis increases Q4 2016 dividend to $0.40 per share from $0.375 per share
Tuesday, 27 Sep 2016 

Fortis Inc : Targeting average annual dividend per common share growth of approximately 6% through 2021 .Q4 2016 dividend increased to $0.40 per share from $0.375 per share.  Full Article

Tucson Electric reaches settlement regarding revenue requirement
Tuesday, 16 Aug 2016 

Tucson Electric Power [UNSTP.UL]: 2016 rate settlement does not address some aspects of case such as rate design, cost components of lost fixed cost recovery . Settlement includes a 7.04% return on original cost rate base (OCRB) of approximately $2.0 billion . On Aug 15 co, other parties to TEP’s pending rate case proceeding entered settlement agreement regarding TEP's revenue requirement . Settlement includes increase in non-fuel retail base rates of $81.5 million, of which, $15.2 million is contingent on certain terms .Settlement includes a capital structure for rate making purposes of approximately 50.03% common equity and 49.97% long-term debt.  Full Article

Fortis sees FY 2016 revenue of C$65 mln
Friday, 29 Jul 2016 

Fortis Inc: Fortis reports second quarter earnings of $107 million .Sees FY 2016 revenue C$65 million.  Full Article

CANADA STOCKS-TSX futures flat ahead of retail sales data

Nov 23 Stock futures pointed to a flat opening for Canada's main stock index on Thursday as investors awaited a report on the country's retail sales.