Fortis Inc. Files 2022 Year-End Disclosure Documents

Rhea-AI Summary

Fortis Inc. has filed its audited Consolidated Financial Statements and Management Discussion for the year ending December 31, 2022. The reports indicate a revenue of $11 billion and total assets of $64 billion. The Corporation serves utility customers in five Canadian provinces, nine U.S. states, and three Caribbean countries. The Management Information Circular for the upcoming Annual Meeting of Shareholders is anticipated to be available in late March 2023. Fortis shares are listed on both the TSX and NYSE under the symbol FTS, with more information accessible via their official website.

Positive

• Revenue of $11 billion for 2022 indicates a strong financial performance.
• Total assets of $64 billion reflect solid stability and growth potential.

Negative

• None.

ST. JOHN'S, Newfoundland and Labrador, Feb. 10, 2023 (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, 2022, as well as its 2022 Annual Information Form, with Canadian securities regulatory authorities. The Corporation has also filed its Form 40-F for the year ended December 31, 2022 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 2022 revenue of $11 billion and total assets of $64 billion as at December 31, 2022. The Corporation's 9,200 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/71c25c4a-c503-4041-9abc-269542c19737

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 revenues for the year 2022?

Fortis reported revenues of $11 billion for the year 2022.

What is the total asset value of Fortis as of December 31, 2022?

As of December 31, 2022, Fortis had total assets worth $64 billion.

When will Fortis's Annual Meeting of Shareholders be held?

The Management Information Circular for Fortis's Annual Meeting of Shareholders is expected to be available in late March 2023.

On which stock exchanges is Fortis listed?

Fortis is listed on the TSX and NYSE under the ticker symbol FTS.