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Fortis Inc (FTS.TO)

FTS.TO on Toronto Stock Exchange

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24 May 2019
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Mon, Jan 28 2019

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.

UPDATE 2-Fortis sells stake in British Columbia hydro plant

Jan 28 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.

Canadian utility Fortis to sell stake in British Columbia hydroelectric project

Jan 28 Electric and gas utility Fortis Inc said on Monday it would sell a majority stake in its hydroelectric project in British Columbia to Columbia Power Corp and Columbia Basin Trust for about C$1 billion.

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