Welcome to our dedicated page for Fortis Common Shares news (Ticker: $FTS), a resource for investors and traders seeking the latest updates and insights on Fortis Common Shares stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fortis Common Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Tucson Electric Power (TEP) and UniSource Energy Services are seeking new generation facilities, energy storage systems, and energy efficiency resources through a joint all-source request for proposals (ASRFP) to meet customers' increasing energy needs while maintaining affordable service. The ASRFP targets resources to support the companies' 2023 integrated resource plans (IRPs) and seeks submissions by March 8, 2024. TEP's 2023 IRP plans to add 2,240 MW of wind and solar generation and 1,330 MW of energy storage by 2038, aiming for an 80 percent reduction in CO2 emissions by 2035. UniSource's 2023 IRP plans to more than double its electric energy resources by adding 350 MW of solar and wind resources, 200 MW of natural gas turbines, and 225 MW of energy storage systems by 2038.
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Fortis Inc. (FTS) will release its 2023 financial results on February 9, 2024. The teleconference and webcast will feature David Hutchens, President and CEO, and Jocelyn Perry, EVP and CFO, discussing the annual financial results. Shareholders, analysts, and the media can participate in the live webcast or call in with questions. An archived webcast will be available on the Corporation's website.
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Fortis Inc. (FTS) declares dividends payable on March 1, 2024, to Shareholders of Record of various Shares of the Corporation. The dividends are designated as eligible dividends for federal and provincial dividend tax credit purposes.
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Fortis Inc. has announced the completion of the sale of its 93.8% interest in the Aitken Creek Natural Gas Storage Facility and its 100% interest in the Aitken Creek North Gas Storage Facility to a subsidiary of Enbridge Inc. The sale was made for approximately $400 million plus working capital and closing adjustments. The transaction strengthens Fortis' balance sheet and provides funding flexibility for its regulated utility growth strategy.
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3.17%
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Tucson Electric Power (TEP) has filed its 2023 Integrated Resource Plan (IRP) with the Arizona Corporation Commission, outlining its goal of achieving net zero direct greenhouse gas emissions by 2050. TEP plans to add 2,240 MW of wind and solar generation, 1,330 MW of energy storage, and 400 MW of natural gas turbines by 2038. The company aims to achieve an 80% reduction in CO2 emissions by 2035. TEP's new net zero goal will require advancements in technologies and energy-smart behaviors.
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3.17%
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UniSource Energy Services plans to more than double its electric energy resources over the next 15 years. The company aims to add 350 MW of solar and wind resources, 200 MW of natural gas turbines, and 225 MW of energy storage systems by 2038.
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Fortis Inc. released its third quarter results, reporting net earnings of $394 million or $0.81 per common share, up from $326 million or $0.68 per common share in 2022. The company also announced a 2024-2028 capital plan of $25 billion, representing 6.3% average annualized rate base growth.
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Fortis Inc. to release third quarter 2023 financial results
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Tucson Electric Power (TEP) will build a large battery energy storage system in southeast Tucson, with a capacity of 200 MW and 800 MWh, to satisfy customers' energy needs with low-cost solar energy. The system is expected to begin operation in summer 2025. TEP aims to reduce carbon emissions by 80% and add up to 1,400 MW of energy storage by 2035, as per their Integrated Resource Plan. TEP currently has 51 MW of energy storage capacity. The battery system will be designed and built by DEPCOM Power, Inc.
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Fortis Inc. will release its Q3 2023 financial results on October 27, 2023. A teleconference and webcast will be held at 8:30 a.m. (Eastern) with the President and CFO discussing the results. Shareholders and analysts can participate via webcast or toll-free call. Archived webcast available until November 27, 2023.
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Fortis Inc. Common Shares
NYSE:FTS
FTS Rankings
FTS Stock Data
19.82B
489.80M
0.04%
57.77%
1.79%
Other Electric Power Generation
Utilities
United States of America
St Johns
About FTS
fortis inc. is a leader in the north american electric and gas utility business, with total assets of approximately $28 billion and fiscal 2014 revenue of $5.4 billion. its regulated utilities serve more than 3 million customers across canada and in the united states and the caribbean.