Fortis Inc. Files 2020 Year-End Disclosure Documents

Rhea-AI Summary

Fortis Inc. (TSX/NYSE: FTS) has filed its audited Consolidated Financial Statements and Management Discussion for the year ending December 31, 2020. The Corporation reported revenue of $8.9 billion and total assets of approximately $55 billion as of year-end. These filings are available on SEDAR and SEC. Fortis serves utility customers across five Canadian provinces, nine U.S. states, and three Caribbean countries, with a workforce of 9,000 employees.

Positive

• 2020 revenue was $8.9 billion.
• Total assets reached approximately $55 billion.
• Fortis operates in five Canadian provinces, nine U.S. states, and three Caribbean countries.

Negative

• None.

ST. JOHN'S, Newfoundland and Labrador, Feb. 12, 2021 (GLOBE NEWSWIRE) --

Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today filed its audited Consolidated Financial Statements and related Management Discussion and Analysis for the year ended December 31, 2020, as well as its 2020 Annual Information Form, with Canadian securities regulatory authorities. The Corporation has also filed its Form 40-F for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission. Copies of these documents are available electronically at www.sedar.com (Canadian filings), www.sec.gov (U.S. filings) and the Corporation's website, www.fortisinc.com, or by emailing investorrelations@fortisinc.com.

The Management Information Circular for the Corporation's upcoming Annual Meeting of Shareholders is expected to be made available to shareholders in late March.

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 approximately $55 billion as at December 31, 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/b20d7138-0023-4f28-85bb-628a15030ea0

For more information, please 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 and Corporate Affairs
Fortis Inc.
709.737.5323
media@fortisinc.com

FAQ

What were Fortis's revenue figures for 2020?

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

Where can I find Fortis's financial statements?

Fortis's financial statements are available on SEDAR and the SEC's website.

How many employees does Fortis Inc. have?

Fortis Inc. employs approximately 9,000 employees.

In which regions does Fortis operate?

Fortis operates in five Canadian provinces, nine U.S. states, and three Caribbean countries.