Fortis Inc. Files 2021 Year-End Disclosure Documents

Rhea-AI Summary

Fortis Inc. has filed its audited Consolidated Financial Statements for the year ended December 31, 2021, disclosing revenue of $9.4 billion and total assets of $58 billion. The filings include the Management Discussion and Analysis and Form 40-F with regulatory authorities. The Management Information Circular for the upcoming Annual and Special Meeting of Shareholders is expected to be available in late March. Fortis operates as a leader in the regulated electric and gas utility sector, serving customers across five Canadian provinces, nine U.S. states, and three Caribbean countries.

Positive

• 2021 revenue reached $9.4 billion.
• Total assets reported at $58 billion.

Negative

• None.

ST. JOHN'S, Newfoundland and Labrador, Feb. 11, 2022 (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, 2021, as well as its 2021 Annual Information Form, with Canadian securities regulatory authorities. The Corporation has also filed its Form 40-F for the year ended December 31, 2021 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 and Special 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 2021 revenue of $9.4 billion and total assets of $58 billion as at December 31, 2021. The Corporation's 9,100 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/f1868a55-8405-4701-9824-99b81a1025b7

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 is Fortis Inc.'s revenue for the year ended December 31, 2021?

Fortis Inc. reported revenue of $9.4 billion for the year ended December 31, 2021.

What are the total assets of Fortis Inc. as of December 31, 2021?

As of December 31, 2021, Fortis Inc. had total assets of $58 billion.

When will Fortis Inc. share its Management Information Circular?

The Management Information Circular for the upcoming meeting is expected to be available in late March.

In which regions does Fortis Inc. provide utility services?

Fortis Inc. serves utility customers in five Canadian provinces, nine U.S. states, and three Caribbean countries.

Where can I access Fortis Inc.'s financial filings?

Fortis Inc.'s financial filings can be accessed at www.sedar.com and www.sec.gov, as well as on the Corporation's website.