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 ...

Financial Data and Key Metrics Changes - Reported earnings for Q2 2022 were CAD284 million or CAD0.59 per common share, compared to CAD253 million or CAD0.54 per common share in Q2 2021, reflecting a year-over-year increase [21] - Year-to-date reported earnings were CAD634 million or CAD1.33 per common share, compared to CAD608 million or CAD1.30 per common share in the same period last year [21] - Adjusted net earnings for Q2 2022 were CAD272 million or CAD0.57 per common share, which is CAD0.02 higher than Q2 2021 [22] - Year-to-date adjusted net earnings were CAD641 million or CAD1.34 per common share, CAD0.02 higher than the same period in 2021 [24] Business Line Data and Key Metrics Changes - Rate base growth at regulated utilities positively impacted earnings, with contributions from Western Canadian utilities and ITC each adding CAD0.01 to EPS [25] - EPS for the Energy Infrastructure segment increased by CAD0.01 due to higher hydroelectric production in Belize [26] - EPS for US electric and gas utilities decreased by CAD0.01, with UNS down CAD0.02 and Central Hudson up CAD0.1, reflecting various operational factors [27] Market Data and Key Metrics Changes - The higher US dollar to Canadian dollar exchange rate positively impacted quarterly results by approximately CAD0.02 [26] - Central Hudson experienced robust double-digit increases in residential sales, attributed to strong housing development and demand for heat pumps and electric vehicles [116] Company Strategy and Development Direction - The company reaffirmed its CAD20 billion five-year capital plan through 2026, expecting to increase rate base by over CAD10 billion, supporting an average annual rate base growth of approximately 6% [16] - The company is focused on maintaining customer affordability through proactive management of energy prices and inflationary pressures [8] - Innovative technologies and partnerships, such as the carbon-neutral hydrogen pilot project, are seen as essential for accelerating the transition to clean energy [11] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to deliver on growth and sustainability goals despite high inflation and energy prices [40] - The regulatory environment in Arizona is viewed positively, with expectations for support in upcoming rate cases [80] - The company is actively managing O&M expenses to offset inflationary pressures and maintain necessary investments [118] Other Important Information - The company has maintained strong investment-grade credit ratings, with recent debt issuances supporting its capital program [33] - The ongoing GCOC proceeding in British Columbia is expected to continue into early 2023, with a potential oral hearing in November [96] Q&A Session Summary Question: Follow-up on MISO spending timing - Management indicated that further details on project timing are needed and that they are working with other transmission owners to finalize plans [46] Question: Impact of the Inflation Reduction Act - Management noted it is early to assess the impact but expressed optimism about potential benefits from the climate investments included in the act [49] Question: Inflation impact on capital projects - Management acknowledged challenges in estimating inflation for future projects but emphasized the need to manage capital budgets effectively [55] Question: Initial feedback on Arizona rate filing - Initial conversations with stakeholders have been positive, with expectations for support for the new adjuster mechanism [60] Question: Status of Lake Erie Connector project - The project is currently suspended due to economic conditions, but management remains open to restarting negotiations in the future [63] Question: Trends in Central Hudson's residential sales - Strong housing development and demand for heat pumps and electric vehicles are driving robust residential sales growth [116] Question: O&M efficiencies - Management is actively seeking ways to reduce costs and will provide updates on expected efficiencies in future communications [118]

FORTIS Q2 2022 EARNINGS CONFERENCE CALL July 28, 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 bus ...