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Fortis Inc (FTS.TO)

FTS.TO on Toronto Stock Exchange

49.60CAD
22 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Fortis Announces Pricing & Early Tender Results For Previously Announced Tender Offer To Purchase For Cash Up To $400 Mln Of Its Outstanding 3.055% Notes
Thursday, 18 Apr 2019 

April 17 (Reuters) - Fortis Inc ::FORTIS INC. ANNOUNCES PRICING, EARLY TENDER RESULTS AND EARLY SETTLEMENT ELECTION OF ITS TENDER OFFER FOR ITS 3.055% NOTES DUE 2026.FORTIS - PRICING & EARLY TENDER RESULTS FOR PREVIOUSLY ANNOUNCED TENDER OFFER TO PURCHASE FOR CASH UP TO US$400 MILLION OF ITS OUTSTANDING 3.055% NOTES.  Full Article

Fortis Inc - Fourth Quarter Adjusted Earnings Per Share C$0.56
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Fortis Inc ::Q4 ADJUSTED EARNINGS PER SHARE C$0.56.Q4 EARNINGS PER SHARE C$0.61.Q4 EARNINGS PER SHARE ESTIMATE C$0.62 -- REFINITIV IBES DATA.CORPORATION'S $17.3 BILLION FIVE-YEAR CAPITAL EXPENDITURE PLAN EXPECTED TO INCREASE RATE BASE FROM $26.1 BILLION IN 2018 TO ABOUT $32.0 BILLION IN 2021.CORPORATION'S $17.3 BILLION FIVE-YEAR CAPITAL EXPENDITURE PLAN IS EXPECTED TO INCREASE RATE BASE FROM $26.1 BILLION IN 2018 TO $35.5 BILLION IN 2023.  Full Article

Fortis issues 15th tranche convertible bonds worth 10 bln won
Friday, 6 Apr 2018 

April 6 (Reuters) - Fortis Inc <141020.KQ> ::Says it completed issuance of 15th tranche unregistered and unsecured convertible bonds worth 10 billion won .  Full Article

China Energy Reserve And Chemicals Group Is Working With FortisBC To Export Canadian LNG
Thursday, 29 Mar 2018 

March 29 (Reuters) - FortisBC Energy Inc ::FORTISBC ENERGY INC - CHINA ENERGY RESERVE AND CHEMICALS GROUP IS WORKING WITH FORTISBC TO EXPORT CANADIAN LNG.FORTIS BC ENERGY INC - TWENTY LNG CONTAINERS ARE CURRENTLY BEING FILLED FOR CERCG AT FORTISBC'S TILBURY FACILITY AND WILL SET SAIL FOR CHINA SHORTLY.FORTISBC ENERGY INC - "MORE LNG SHIPMENTS ARE BEING PLANNED THROUGHOUT 2018".FORTISBC ENERGY INC - FORTISBC IS FUELLING THE SHIPMENTS FROM ITS TILBURY & MOUNT HAYES LNG STORAGE FACILITIES.FORTISBC- EXPANSION OF TILBURY STORAGE & LIQUEFACTION CAPACITY SUBSTANTIALLY COMPLETE,BASED ON CURRENT SCHEDULE,TO BE FULLY OPERATIONAL LATER THIS YEAR.  Full Article

Fortis Inc. Announces At-The-Market Equity Program
Monday, 26 Mar 2018 

March 26 (Reuters) - Fortis Inc ::FORTIS INC. ANNOUNCES AT-THE-MARKET EQUITY PROGRAM.FORTIS INC - ESTABLISHED AN AT-THE-MARKET EQUITY PROGRAM THAT ALLOWS CORPORATION TO ISSUE UP TO C$500 MILLION OF COMMON SHARES.FORTIS INC - ‍ATM PROGRAM WILL BE EFFECTIVE UNTIL DEC 30 UNLESS TERMINATED PRIOR TO SUCH DATE​.  Full Article

Wataynikaneyap Power Project Funding Announced - Fortis Updates Five-Year Capital Investment Plan
Thursday, 22 Mar 2018 

March 22 (Reuters) - Fortis Inc ::WATAYNIKANEYAP POWER PROJECT FUNDING ANNOUNCED - FORTIS UPDATES FIVE-YEAR CAPITAL INVESTMENT PLAN.FORTIS INC - ‍INCREASE FIVE-YEAR CAPITAL INVESTMENT PLAN BY APPROXIMATELY $600 MILLION TO $15.1 BILLION THROUGH 2022​.FORTIS INC - ‍RATE BASE WILL GROW TO REACH ABOUT $33 BILLION BY 2022​.FORTIS INC - ‍ESTIMATED POWER PROJECT CONSTRUCTION COST IS $1.6 BILLION​.FORTIS INC - ‍PROJECT WILL CONTRIBUTE TO FORTIS EARNINGS AND CASH FLOW UPON COMPLETION OF EACH PHASE OF PROJECT​.FORTIS INC - INITIAL PHASE OF PROJECT EXPECTED TO BE COMPLETE BY END OF 2018.FORTIS - ‍WATAYNIKANEYAP POWER PROJECT REACHED MILESTONE WITH FUNDING FRAMEWORK AMONG WATAYNIKANEYAP POWER, GOVERNMENT OF CANADA, GOVERNMENT OF ONTARIO​.FORTIS INC - NEXT TWO PHASES TARGETED TO BE COMPLETED BY END OF 2020 AND 2023, RESPECTIVELY.FORTIS INC - NEXT TWO PHASES SUBJECT TO RECEIPT OF ALL NECESSARY REGULATORY APPROVALS ANTICIPATED BY EARLY 2019.  Full Article

Fortis issues 14th tranche convertible bonds worth 10 bln won
Wednesday, 21 Mar 2018 

March 21 (Reuters) - Fortis Inc <141020.KQ> ::Says it completed issuance of 14th tranche unregistered and unsecured convertible bonds worth 10 billion won .  Full Article

Fortis Reports Q4 Adjusted Earnings Per Share C$0.62
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Fortis Inc ::REPORTS 2017 FOURTH-QUARTER AND ANNUAL FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$0.62.Q4 EARNINGS PER SHARE C$0.32.GOING FORWARD, IMPACT OF U.S. TAX REFORM WILL INCREASE RATE BASE GROWTH OVER FIVE-YEAR PERIOD TO 2022 BY ABOUT 50 BASIS POINTS.COMPOUND ANNUAL GROWTH IN RATE BASE OVER NEXT FIVE YEARS IS EXPECTED TO INCREASE TO 5 PERCENT.TARGETED AVERAGE ANNUAL DIVIDEND GROWTH OF APPROXIMATELY 6 PERCENT THROUGH 2022.Q4 EARNINGS PER SHARE VIEW C$0.63 -- THOMSON REUTERS I/B/E/S.SEES FIVE-YEAR CAPEX PROGRAM FROM 2018 THROUGH 2022 TO BE APPROXIMATELY $14.5 BILLION.ON FEB 14, CO'S BOARD AUTHORIZED AN AT-THE-MARKET COMMON EQUITY OFFERING OF UP TO $500 MILLION.  Full Article

Fortis to issue 14th series convertible bonds worth 10 bln won
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Fortis Inc <141020.KQ> ::Says it will issue 14th series unregistered/unsecured convertible bonds worth of 10 billion won.Says a 100 percent conversion rate of bonds to common shares at 1,510 won/share.Says annual coupon rate is 0 percent and yield to maturity is 0 percent, and conversion period from March 20, 2019 to Feb. 27, 2021 .  Full Article

Fortis issues 13th series convertible bonds worth 1.5 bln won
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Fortis Inc <141020.KQ> ::Says it completed issuance of 15th series unregistered and unsecured private convertible bonds worth 1.5 billion won .  Full Article

Fortis sells stake in British Columbia hydro plant

Canadian energy company Fortis Inc said on Monday it would sell its 51 percent stake in the Waneta Expansion hydroelectric plant in British Columbia to two public sector partners for about C$1 billion, and plans to use the proceeds for its five-year investment plan.