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Fortis Inc (FTS.TO)

FTS.TO on Toronto Stock Exchange

47.49CAD
17 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 04:25pm EST 

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 08:35am EST 

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 06:00am EDT 

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 06:00am EDT 

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. announces termination of consumer share purchase plan
Friday, 11 Aug 2017 06:00am EDT 

Aug 11 (Reuters) - Fortis Inc :Fortis Inc. announces termination of consumer share purchase plan.Says ‍intends to terminate its consumer share purchase plan ( "CSPP") effective September 13, 2017​.Says ‍intends to terminate its consumer share purchase plan ( "CSPP") effective September 13, 2017​.Fortis Inc says dividend reinvestment and share purchase plan will continue to be available to all shareholders resident in Canada and United States ​.  Full Article

Fortis reports strong second quarter earnings of $257 million
Friday, 28 Jul 2017 06:01am EDT 

July 28 (Reuters) - Fortis Inc :Q2 earnings per share C$0.62.Q2 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S.Fortis Inc - five-year consolidated capital expenditures through 2021 are expected to be approximately $13 billion.Fortis Inc - ‍consolidated capital expenditure plan of $3.1 billion for 2017 is on track​.Fortis Inc qtrly revenue $2,015 million versus $1,485 million.Fortis Inc - total cost of Tilbury liquefied natural gas ("LNG") facility in British Columbia is estimated at approximately $400 million.Fortis inc - Tilbury liquefied natural gas ("LNG") facility is expected to be in service in Q3 of 2017.  Full Article

Fortis and Teck announce Waneta Dam agreement
Friday, 12 May 2017 07:00am EDT 

May 12 (Reuters) - Fortis Inc :Fortis and teck announce waneta dam agreement.Fortis inc- teck expects to realize a net book gain of approximately $800 million on the closing of the transaction.Fortis - fortis will buy teck's two-thirds interest in waneta dam and related transmission assets in british columbia, canada, for $1.2 billion cash.Fortis inc - fortis will finance the transaction through a combination of cash on hand, debt and equity.Fortis inc - the waneta dam will operate as a non-regulated energy infrastructure subsidiary of fortis inc.Fortis inc- the transaction is expected to be immediately accretive to earnings per share.Fortis inc - under agreement, teck metals ltd. Will be granted a 20-year lease to use co's two-thirds interest in waneta.Fortis - teck has committed $174 million for second new acid plant which is currently under construction and scheduled to be operational in summer 2019.Fortis inc - teck metals will have an option to extend the lease for a further 10 years at comparable rates.Fortis - no cash tax will be payable on the proceeds from the deal.Fortis inc - teck will pay a break fee to fortis in event bc hydro exercises its right of first offer.  Full Article

Fortis reports Q1 EPS c$0.72
Tuesday, 2 May 2017 06:00am EDT 

May 2 (Reuters) - Fortis Inc :Fortis reports first quarter earnings of $294 million.Q1 adjusted earnings per share c$0.69.Q1 earnings per share c$0.72.Q1 earnings per share view c$0.72 -- Thomson Reuters I/B/E/S.Capital expenditure plan on track.Over five-year period through 2021, corporation's capital program is expected to be approximately $13 billion.Fortis has targeted average annual dividend growth of approximately 6 pct through 2021.  Full Article

Fortis announces C$500 mln sale of common shares
Wednesday, 1 Mar 2017 05:58pm EST 

Fortis Inc : Fortis Inc announces C$500 million sale of common shares . Fortis Inc - to issue and sell 12.2 million common shares of Fortis at a price of C$41.00 per share .Expect no further equity issuances over five-year plan period to fund base capital plan of C$13 billion.  Full Article

Fortis reports Q4 earnings per share C$0.49
Thursday, 16 Feb 2017 06:00am EST 

Fortis Inc - : Fortis reports 2016 earnings of $585 million and fourth quarter 2016 earnings of $189 million . Q4 earnings per share c$0.49 . Q4 adjusted earnings per share c$0.64 . Q4 earnings per share view c$0.51 -- Thomson Reuters I/B/E/S . Over five-year period through 2021, corporation's capital program is expected to be approximately $13 billion .Has targeted average annual dividend growth of approximately 6% through 2021.  Full Article

BRIEF-ITC Holdings Corp. announces pricing of $500.0 million senior notes

* ITC Holdings Corp. announces pricing of $500.0 million senior notes due 2022 and $500.0 million senior notes due 2027 Source text for Eikon: Further company coverage: