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Stock impact report

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 Check Earnings Report
Company Research 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, Show less Read more
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