Advisory: Fortis Inc. to Hold Teleconference on October 29 to Discuss Third Quarter 2021 Results and New Five Year Capital Outlook

Rhea-AI Summary

Fortis Inc. (TSX/NYSE: FTS) will announce its third quarter 2021 financial results and a new five-year capital outlook for 2022-2026 on October 29, 2021. A teleconference at 8:30 a.m. (Eastern) will feature discussions by CEO David Hutchens and CFO Jocelyn Perry. Interested parties can participate via a toll-free number or an international line. Archived audio of the event will be available on the Fortis website. In 2020, the company reported revenues of $8.9 billion and total assets of $56 billion.

Positive

• Fortis reported 2020 revenue of $8.9 billion, indicating a strong financial base.
• Total assets stood at $56 billion as of June 30, 2021, reflecting solid asset management.

Negative

• None.

ST. JOHN'S, Newfoundland and Labrador, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2021 financial results and new five-year capital outlook for the period 2022-2026 on Friday, October 29, 2021. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's third quarter 2021 financial results and the new capital outlook for 2022 to 2026.

Shareholders, analysts, members of the media and other interested parties in North America are invited to participate by calling 1.877.223.4471. International participants may participate by calling 647.788.4922. Please dial in 10 minutes prior to the start of the call. No passcode is required.

A live and archived audio webcast of the teleconference will be available on the Corporation's website, www.fortisinc.com. A replay of the teleconference will be available two hours after the conclusion of the call until November 29, 2021. Please call 1.800.585.8367 or 416.621.4642 and enter passcode 5711409.

About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2020 revenue of $8.9 billion and total assets of $56 billion as at June 30, 2021. The Corporation's 9,000 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.

Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedar.com, or www.sec.gov.

A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/bcab1565-cce0-4624-86c5-ea93814f2446

For further information contact

Investor Enquiries: Ms. Stephanie Amaimo Vice President, Investor Relations Fortis Inc. 248.946.3572 investorrelations@fortisinc.com

Media Enquiries: Ms. Karen McCarthy Vice President, Communications & Corporate Affairs Fortis Inc. 709.737.5323 media@fortisinc.com

FAQ

When will Fortis release its third quarter 2021 financial results?

Fortis will release its third quarter 2021 financial results on October 29, 2021.

What time is the Fortis teleconference for the financial results?

The Fortis teleconference will take place at 8:30 a.m. (Eastern) on October 29, 2021.

Who will be discussing the financial results during the Fortis teleconference?

David Hutchens, President and CEO, and Jocelyn Perry, Executive VP and CFO, will discuss the financial results.

What were Fortis's revenues for the year 2020?

Fortis reported revenues of $8.9 billion for the year 2020.

How much total assets did Fortis have as of June 30, 2021?

As of June 30, 2021, Fortis had total assets worth $56 billion.