ST. JOHN'S, Newfoundland and Labrador, March 11, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (NYSE:FTS) today released its 2024 Climate Report. This report builds on our 2022 TCFD and Climate Assessment and further details our understanding of climate-related impacts across the Fortis group of companies. New in this report: Climate scenario analysis using low and high emissions scenarios over three time horizons.Physical risks and opportunities assessed for priority assets using nin ...

DAVID HUTCHENS 50 Consecutive Years of Dividend Increases Fortis controllable operating costs per customer(4) Actual GHG Emissions Reduction Forecast GHG Emissions Reduction as of January 2024 (1) Annual growth for 2023 and 2023-2028 CAGR calculated based on a constant foreign exchange rate. Note: Adjusted EPS is a Non-U.S. GAAP financial measure. Refer to Slide 20 for the Non-U.S. GAAP reconciliation. (1) Includes: ITC – $0.02; UNS Energy – $0.03; FortisBC Energy – $0.05; and Other Electric – ($0.01). Note ...

David Hutchens David Hutchens Yes. So, we have pushed back the filing of the integrated resource plan in Arizona to November. We needed some additional time because we are running so many scenarios down there that we do need that additional time during the stakeholder process along with it, because that's where a lot of these scenarios are coming from as stakeholders asking to run a bunch of different scenarios and models. So, we are not filing that until November. What was the second-half of your question? ...

| --- | --- | --- | |--------------------------|-------|-------| | | | | | | | | | | | | | | | | | Q2 2023 | | | | Earnings Conference Call | | | | August 2, 2023 | | | | | | | | | | | Forward looking information involves significant risks, uncertainties and assumptions. Certain material factors or assumptions have been applied in drawing the conclusions contained in the forward-looking information, including, without limitation: no material impact from energy price volatility, global supply chain constrain ...

Fortis Inc. (NYSE:FTS) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Conference Call Participants Welcome to the Fortis Q1 2023 earnings conference call and webcast. During the call, all participants will be in a listen-only mode. There will be a question and answer session following the presentation. At that time, those with questions should press star followed by one on their telephone. If at any time during the conference you need to reach an Operator, please press star, zero. David Hutchens - ...

Financial Performance & Growth - Fortis delivered safe and reliable service with capital expenditures of $4.0 billion[6] - The company achieved a ~6% increase in dividends paid[6] - Adjusted EPS increased by $0.19 over 2021, reaching $2.78 in 2022[64] - The capital plan for 2023-2027 is $22.3 billion, including $5.9 billion in cleaner energy investments[33] - The company anticipates annual dividend growth of 4-6% through 2027[47, 73] Sustainability & Emissions Reduction - Fortis achieved a 28% reduction in GHG emissions since 2019[6, 23] - The company is targeting a 50% GHG emissions reduction by 2030 and 75% by 2035, aiming for net-zero emissions by 2050[23, 26, 96] - Planned coal retirements are scheduled for 2027, 2031, and 2032[26] Capital Investments & Rate Base - The company projects a low-risk rate base growth of ~6%[27] - The rate base is forecasted to grow from $31.8 billion in 2021 to $46.1 billion in 2027[33] - Major capital projects include the ITC MISO Long-Range Transmission Plan ($923 million) and UNS Energy Renewable Generation ($417 million)[94] Debt & Liquidity - Over $3 billion in long-term debt was raised in 2022, with a weighted average rate of 3.9%[55] - Approximately $400 million of the debt raised was green debt[55]

Fortis Inc. (NYSE:FTS) Q4 2022 Earnings Conference Call February 10, 2023 8:30 AM ET Company Participants Stephanie Amaimo - VP of IR David Hutchens - President, CEO & Director Jocelyn Perry - EVP & CFO Susan Gray - President & CEO, UNS Energy Linda Apsey - President & CEO, ITC Holdings Corp Roger Dall’Antonia - President, CEO & Director, FortisBC Conference Call Participants Maurice Choy - RBC Rob Hope - Scotiabank Linda Ezergailis - TD Securities Mark Jarvi - CIBC Capital Markets Ben Pham - BMO Richard Su ...

Financial Performance - Fortis reported net earnings of $1.3 billion, or $2.78 per common share for 2022, an increase from $1.2 billion, or $2.61 per common share in 2021, driven by rate base growth and higher electricity sales [3]. - The company achieved adjusted net earnings of $1.3 billion for 2022, up $110 million from 2021, with adjusted net earnings per common share increasing to $2.78, representing approximately 7% annual EPS growth [6][8]. - Fortis' total revenue for 2022 was $11 billion, with total assets amounting to $64 billion as of December 31, 2022 [21]. Capital Expenditures and Investments - Capital expenditures for 2022 totaled $4.0 billion, with over $600 million focused on cleaner energy investments, resulting in a 7% growth in the rate base to $34.1 billion [9]. - Fortis announced a five-year capital plan of $22.3 billion, expected to increase the midyear rate base to $46.1 billion by 2027, translating to a compound annual growth rate of 6.2% [19]. - Fortis plans to invest $5.9 billion in cleaner energy over the next five years, focusing on renewable energy connections and sustainable infrastructure [9]. Environmental Goals - The company is on track to achieve a 75% reduction in greenhouse gas emissions by 2035, with a 28% reduction in Scope 1 emissions compared to 2019 levels [15]. Dividend Guidance - Fortis expects annual dividend growth guidance of 4-6% through 2027, supported by long-term growth in the rate base [20]. Project Updates - The Wataynikaneyap Transmission Power Project is 73% complete, with construction expected to finish in 2024, connecting three First Nation communities to the Ontario electric grid [17]. Operational Outlook - The company does not anticipate a material impact on operations or financial results in 2023 from energy price volatility, global supply chain constraints, or persistent inflation [18]. Investor Communication - The teleconference to discuss Fortis Inc.'s 2022 annual results is scheduled for February 10, 2023, at 8:30 a.m. (Eastern) [24]. - Participants can join the call by dialing 1.416.764.8658 for North America or 1.888.886.7786 for international access [25]. - A live and archived audio webcast of the teleconference will be available on Fortis Inc.'s website [26]. - The replay of the teleconference will be accessible two hours after the call until March 10, 2023 [26]. - Additional information, including Management Discussion and Analysis and Consolidated Financial Statements, can be found on Fortis Inc.'s website and other regulatory sites [27]. - Investor inquiries can be directed to Ms. Stephanie Amaimo, Vice President of Investor Relations, at 248.946.3572 [29]. - Media inquiries can be directed to Ms. Karen McCarthy, Vice President of Communications & Corporate Affairs, at 709.737.5323 [29].

FORTIS Retail Presentation December 2022 1 FORWARD-LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business prospec ...

Fortis Inc. (NYSE:FTS) Q3 2022 Results Conference Call October 28, 2022 8:30 AM ET Company Participants Stephanie Amaimo - VP of IR David Hutchens - President, CEO and Director Jocelyn Perry - Executive VP and CFO Linda Blair - President, CEO and Director Roger DallÂ'Antonia - President, CEO and Director Janine Sullivan - President, CEO and Director Conference Call Participants Maurice Choy - RBC Rob Hope - Scotiabank Linda Ezergailis - TD Securities Ben Pham - BMO Mark Jarvi - CIBC Capital Markets Andrew K ...