Advisory: Fortis Inc. to Hold Teleconference on September 23 to Discuss New Five-Year Outlook

Rhea-AI Summary

Fortis Inc. (TSX/NYSE: FTS) will unveil its five-year outlook for 2021-2025 on September 23, 2020, during a virtual conference at 8:30 a.m. Eastern. Key executives, including CEO Barry Perry, will discuss operational updates along with the company's capital plans and sustainability goals. The shift to a virtual format is a precautionary measure due to the COVID-19 pandemic, ensuring the safety of all participants. Fortis, a leader in the North American regulated utility sector, reported a revenue of $8.8 billion in 2019 and has total assets of $56 billion as of June 30, 2020.

Positive

• Fortis is launching a five-year outlook, signaling proactive planning for investors.
• Strong revenue of $8.8 billion in 2019 indicates robust financial health.
• The company has total assets worth $56 billion, providing a solid financial foundation.

Negative

• None.

ST. JOHN'S, Newfoundland and Labrador, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its new five-year outlook for the period 2021-2025 on Wednesday, September 23, 2020. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern).  Barry Perry, President and Chief Executive Officer, Jocelyn Perry, Executive Vice President and Chief Financial Officer, David Hutchens, Executive Vice President and Chief Operating Officer and CEOs from certain subsidiaries will provide an update on operations and the business outlook for 2021 to 2025 including the capital plan and sustainability initiatives.

The decision to move to a virtual teleconference in lieu of an in-person investor day was made for the safety and health of Fortis shareholders, employees, analysts and the broader investment community in response to the COVID-19 pandemic.

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 pass code 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 conference will be available two hours after the conclusion of the call until October 23, 2020. Please call 1.800.585.8367 or 416.621.4642 and enter pass code 7849679.

About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2019 revenue of $8.8 billion and total assets of $56 billion as at June 30, 2020. 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/f5cfdba0-4f87-4c2c-8037-3f12e43d73a1 

For more information please contact
Investor Enquiries:	Media Enquires:
Ms. Stephanie Amaimo	Ms. Karen McCarthy
Vice President, Investor Relations	Vice President, Communications & Corporate Affairs
Fortis Inc.	Fortis Inc.
248.946.3572	709.737.5323
investorrelations@fortisinc.com	media@fortisinc.com

FAQ

What is the date for Fortis' five-year outlook release?

Fortis Inc. will release its five-year outlook on September 23, 2020.

How can I join Fortis' virtual investor conference?

Participants can join by calling 1.877.223.4471 in North America or 647.788.4922 internationally, starting 10 minutes before the call.

What key topics will Fortis discuss in the upcoming conference?

Fortis will cover operational updates, its capital plan, and sustainability initiatives during the conference.

What was Fortis' revenue in 2019?

Fortis reported a revenue of $8.8 billion in 2019.

What are Fortis’ total assets as of June 30, 2020?

Fortis has total assets of $56 billion as of June 30, 2020.