Welcome to our dedicated page for Fortis news (Ticker: FTS), a resource for investors and traders seeking the latest updates and insights on Fortis stock.
Fortis Inc. (FTS) generates frequent news as a diversified participant in the North American regulated electric and gas utility industry. Its disclosures highlight activity across electric and gas utilities and transmission businesses that serve customers in five Canadian provinces, ten U.S. states and the Caribbean. Because Fortis is active in multiple jurisdictions and operates through several utility subsidiaries, its news flow covers a broad range of topics relevant to utility investors and sector observers.
News items for Fortis commonly include quarterly and annual financial results, where the company reports net earnings, capital expenditures and progress on its multi-year capital plans. These releases often discuss rate base growth, regulatory developments and capital allocation decisions. Fortis also issues news about dividend declarations on its common and preference shares, providing information on payment dates, record dates and dividend designations for tax purposes.
Regulatory and strategic updates are another important category of Fortis news. The company reports on general rate applications, rate frameworks, and decisions by regulators in jurisdictions such as British Columbia, Arizona and New York that affect its utilities. It also provides updates on capital projects and asset dispositions, such as the sale of its utility in Turks and Caicos and its assets in Belize, and on opportunities related to transmission investments and load growth.
Sustainability and governance topics appear in Fortis’ news as well, including sustainability update reports, greenhouse gas emissions reduction progress and targets, and results from annual shareholder meetings covering director elections, auditor appointments and advisory votes on executive compensation. For investors and analysts, following Fortis news offers insight into its regulated growth strategy, capital planning, regulatory environment and shareholder returns. This news page aggregates these releases so users can review financial updates, regulatory milestones, project developments and corporate actions in one place.
Fortis Inc. will announce its Q2 2022 financial results on July 28, 2022, during a teleconference at 8:30 a.m. Eastern Time. President and CEO David Hutchens and CFO Jocelyn Perry will discuss the results. Interested participants can call 1.416.764.8646 or 1.888.396.8049 for international calls, 10 minutes prior to the start. A live and archived audio webcast will also be available on the Fortis website. Fortis generated $9.4 billion in revenue in 2021 and has total assets of $58 billion as of March 31, 2022.
Fortis Inc. (TSX/NYSE: FTS) will announce its second quarter 2022 financial results on July 28, 2022. A teleconference and webcast with CEO David Hutchens and CFO Jocelyn Perry will occur at 8:30 a.m. (Eastern) on the same day. Participants in North America can call 1.416.764.8646, and international participants can call 1.888.396.8049. A live and archived audio webcast will be available on Fortis's website. In 2021, Fortis reported revenues of $9.4 billion with total assets of $58 billion as of March 31, 2022.
Tucson Electric Power (TEP) is proposing a rate increase of 11.7%, effective September 2023, to support its transition to cleaner energy and improve service reliability. The average residential bill would rise by $14.22 as TEP invests in new wind and solar projects, grid improvements, and enhanced security measures. Despite rising operational costs, TEP has managed an average annual O&M cost increase of only 2.4% since 2018. The planned changes also include a higher Lifeline discount and removal of credit card transaction fees, reflecting TEP's commitment to assist customers.
Four Arizona energy providers, alongside three public universities, formed a coalition to drive towards a carbon-neutral economy. The initiative includes launching the 'Center for an Arizona Carbon-Neutral Economy' at Arizona State University to establish a regional clean hydrogen hub. This hub aims to mitigate carbon emissions and stimulate economic growth by creating high-quality jobs. The coalition seeks to align hydrogen production with consumer demand while engaging a diverse range of stakeholders, ultimately fostering a sustainable energy ecosystem in Arizona.
Archaea Energy Inc. (NYSE: LFG) reported preliminary Q1 2022 results, posting revenues of $56.9 million and a net loss of $33.2 million. The company increased its estimated long-term annual earnings power by 50% to approximately $600 million, attributed to adding 53 RNG development projects to its backlog. Key strategic moves include the $215 million acquisition of INGENCO, adding 14 LFGTE plants, and a landmark joint venture with Republic Services (NYSE: RSG) to invest $1.1 billion in developing 39 RNG facilities.
Fortis Inc. (TSX/NYSE: FTS) held its Annual and Special Meeting of Shareholders on May 5, 2022, where shareholders approved all agenda items. Key outcomes included the election of 13 directors, the appointment of Deloitte LLP as auditors, and the acceptance of the executive compensation approach. Shareholders also approved the amendment of the employee share purchase plan, increasing the share reserve by 3 million common shares. In 2021, Fortis reported revenue of $9.4 billion and total assets of $58 billion.
Fortis Inc. announced the retirement of Nora Duke, EVP of Sustainability and CHRO, after a 36-year career. Effective July 1, 2022, Jim Reid will take on the role of EVP, Sustainability and Chief Legal Officer, managing sustainability, HR, communications, and government relations. Under Reid's leadership, the corporation aims for net zero direct emissions by 2050. Fortis is a diversified leader in the North American utility sector, recording $9.4 billion in revenue and $58 billion in assets as of March 31, 2022.
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Fortis Inc. (TSX/NYSE: FTS) will release its first quarter 2022 financial results on May 4, 2022, followed by a teleconference at 8:30 a.m. (Eastern). President David Hutchens and CFO Jocelyn Perry will discuss the results. Stakeholders can join by calling 1.877.223.4471 (North America) or 647.788.4922 (International). Additionally, Fortis will hold its Annual and Special Meeting of Shareholders on May 5, 2022, at 9:00 a.m. (Eastern). With 2021 revenue of $9.4 billion and total assets of $58 billion, Fortis serves utility customers across Canada, the U.S., and the Caribbean.
Fortis Inc. (TSX/NYSE: FTS) will release its Q1 2022 financial results on May 4, 2022, followed by a teleconference at 8:30 a.m. (Eastern). Executives David Hutchens and Jocelyn Perry will discuss these results, with participation available for interested parties via phone or webcast. Additionally, the Annual and Special Meeting of Shareholders is scheduled for May 5, 2022, at 9:00 a.m. (Eastern), both in-person and online. Fortis reported 2021 revenues of $9.4 billion and boasts total assets of $58 billion, serving utility customers across North America.
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