Fortis Inc. reports developments as a North American regulated electric and gas utility company with operations serving customers in Canada, the United States and the Caribbean. News about FTS commonly covers quarterly and annual results, regulated utility rate matters, capital spending plans, transmission and distribution investments, utility debt funding, and dividend declarations on common and preference shares.
Recurring Fortis updates also include annual meeting matters, director elections, auditor appointments, advisory compensation votes, disclosure-document filings, and investor presentations. Company releases often connect operating results to regulated rate base growth, service-territory investment, reliability projects and the financing needs of its utility portfolio.
Fortis Inc. (TSX/NYSE: FTS) has announced its third quarter dividend payments for 2025. The company's Board of Directors has declared dividends payable on September 1, 2025, with a record date of August 19, 2025.
The dividend includes $0.615 per share on Common Shares and various rates for different series of First Preference Shares, ranging from $0.258545 to $0.3826875 per share. All dividends have been designated as eligible for federal and provincial dividend tax credit purposes, with all amounts stated in Canadian dollars.
Fortis Inc. (TSX/NYSE: FTS) has scheduled the release of its second quarter 2025 financial results on Friday, August 1, 2025. The company will host a teleconference and webcast at 8:30 a.m. Eastern on the same day.
CEO David Hutchens and CFO Jocelyn Perry will lead the discussion of the quarterly results. Participants can join via webcast on the company's website or through toll-free numbers: 1.833.821.0229 (US/Canada) and 1.647.846.2371 (International). A replay will be available until September 1, 2025.
Fortis Inc. (TSX/NYSE: FTS) has scheduled the release of its second quarter 2025 financial results on Friday, August 1, 2025. The company will host a teleconference and webcast at 8:30 a.m. Eastern on the same day.
CEO David Hutchens and CFO Jocelyn Perry will lead the discussion of the quarterly results. Participants can access the event through a live webcast on the company's website or join via phone using toll-free numbers. A replay will be available until September 1, 2025.
Fortis Inc. (TSX/NYSE: FTS) held its Annual Meeting of Shareholders where all proposed items were approved by shareholders. The meeting resulted in the election of 12 directors to the Board, with all nominees receiving strong approval ratings ranging from 95.62% to 99.49%. Shareholders also approved the appointment of Deloitte LLP as auditors with 99.46% support, and passed a non-binding advisory vote on executive compensation with 94.19% approval.
Fortis, a leading North American regulated electric and gas utility company, reported $12 billion in revenue for 2024 and total assets of $75 billion as of March 31, 2025. The company employs 9,800 people and serves utility customers across five Canadian provinces, ten U.S. states, and three Caribbean countries.
Fortis has scheduled its first quarter 2025 financial results release and teleconference for May 7, 2025, at 8:30 a.m. (Eastern). The event will feature CEO David Hutchens and CFO Jocelyn Perry discussing the quarterly performance.
Participants can join through multiple channels:
- Live webcast on Fortis website
- Toll-free call for North American financial community: 1.833.821.0229
- International call: 1.647.846.2371
- Pre-registration option available online
Additionally, the company will hold its 2025 Annual Meeting of Shareholders on May 8, 2025, at 9:00 a.m. (Eastern) in a hybrid format. Shareholders can attend in person at the Fortis Energy Centre in St. John's, NL, or participate virtually through the company's website. A Q&A session will be available for management questions.
Tucson Electric Power (TEP) has strongly criticized a draft Energy Sourcing Study conducted by GDS Associates for the City of Tucson, calling it "profoundly flawed." The study examines the possibility of creating a municipal utility through a takeover of TEP's local energy grid.
Key concerns highlighted by TEP:
- The study assumes unrealistic timeline of operations starting January 2028, despite likely decade-long litigation
- Ignores operational inefficiencies of splitting service areas
- Underestimates grid maintenance and upgrade costs
- Overlooks complexities of separating city-seized assets from TEP's system
TEP CEO Susan Gray warns that accepting the $300,000 study's recommendations could risk the community's future and increase electric bills. This comes as TEP currently serves 455,000 customers in Southern Arizona. The proposed municipal utility would serve about 250,000 customers within city limits.
The criticism emerges just after Tucson's Mayor and City Council approved a letter of intent to work with TEP on a new franchise agreement and clean energy supply agreement.
Fortis Inc (TSX/NYSE: FTS) has announced key upcoming investor events for May 2025. The company will release its first quarter 2025 financial results on Wednesday, May 7, 2025, followed by a teleconference and webcast at 8:30 a.m. (Eastern).
President and CEO David Hutchens, along with CFO Jocelyn Perry, will host the earnings discussion. Participants can join through various channels:
- Live webcast on Fortis website
- Toll-free call for North American financial community: 1.833.821.0229
- International call: 1.647.846.2371
Additionally, the company will hold its 2025 Annual Meeting of Shareholders on Thursday, May 8, 2025, at 9:00 a.m. (Eastern). The meeting will be conducted both in-person at the Fortis Energy Centre in St. John's, NL, and virtually through an online platform.
Fortis Inc. (TSX/NYSE: FTS) has announced the filing of its key financial and regulatory documents for the year ended December 31, 2024. The company has submitted its audited Consolidated Financial Statements, Management Discussion and Analysis, Form 40-F, and 2024 Annual Information Form with both Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission.
These documents are now accessible through multiple channels, including SEDAR+ for Canadian filings, the SEC website for U.S. filings, and the company's official website. The company also noted that its Management Information Circular for the upcoming Annual Meeting of Shareholders is expected to be distributed to shareholders in late March.
Fortis Inc. (TSX/NYSE: FTS) reported strong financial results for 2024, with annual net earnings of $1.6 billion, or $3.24 per common share. The company achieved adjusted net earnings per share of $3.28, representing a 6% growth from 2023's $3.09.
Key highlights include $5.2 billion in capital expenditures, yielding 6% annual rate base growth, and a 4.2% increase in fourth quarter common share dividend, marking 51 consecutive years of dividend increases. The company completed the Wataynikaneyap Transmission Power project, connecting 17 First Nations communities to the Ontario power grid.
Fortis announced a $26 billion five-year capital plan through 2029, which is $1.0 billion higher than the previous plan. The company expects this investment to increase its midyear rate base from $39.0 billion in 2024 to $53.0 billion by 2029, representing a 6.5% compound annual growth rate. The plan will be funded primarily through operations cash flow and regulated utility debt.