Fortis announces new C$26B 5-year capital plan [Yahoo! Finance]
Fortis Inc. Common Shares (FTS)
Last fortis inc. common shares earnings: 2/13 06:00 am
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US:NYSE Investor Relations:
fortisinc.com/investor-relations/investor-relations
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Source: Yahoo! Finance
The increase is driven by projects associated with the Midcontinent Independent System Operator long-range transmission plan and resiliency investments at ITC, as well as distribution investments largely due to customer growth at FortisAlberta. The five-year capital plan is low-risk and highly executable, with nearly all investments being regulated and 23% relating to major capital projects. Approximately $6.7 billion of the five-year capital plan supports energy transition investments which focus on interconnecting renewables to the grid, renewable, storage and new natural gas investments, and cleaner fuel solutions. Additionally, half of the five-year capital plan enhances and strengthens our infrastructure through system adaptation, hardening, and modernization investments. The balance supports customer growth, cybersecurity and other investments. The Corporation's five-year capital plan is expected to increase midyear rate base from $38.8 billion in 2024 to $53.0 billion by 2029,
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- Fortis Inc. (NYSE: FTS) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.MarketBeat
- Fortis Inc (FTS) Q3 2024 Earnings Call Highlights: Strategic Investments and Dividend Growth ... [Yahoo! Finance]Yahoo! Finance
- Fortis Inc. Releases Third Quarter 2024 Results [Canadian Business Journal (Canada)]Canadian Business Journal
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Sec Filings
- 11/5/24 - Form 6-K
- 11/5/24 - Form 6-K
- 10/10/24 - Form SC
- FTS's page on the SEC website