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

Rhea-AI Summary

Fortis Inc. will reveal its five-year outlook for 2021-2025 on September 23, 2020, during a virtual teleconference at 8:30 a.m. Eastern. The executive team, including Barry Perry, will discuss operational updates, business outlook, and capital plans. This decision to host a virtual event is in response to COVID-19, prioritizing health and safety. Fortis reported $8.8 billion in revenue for 2019 and manages total assets of $56 billion. The company provides utility services across multiple Canadian provinces, U.S. states, and Caribbean nations.

Positive

• Expectations of a new five-year outlook may indicate strategic growth for Fortis.
• Revenue of $8.8 billion for 2019 demonstrates financial stability.
• Diverse operations in five provinces and three Caribbean countries reduce regional risk.

Negative

• None.

ST. JOHN'S, Newfoundland and Labrador, Aug. 26, 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/569267ab-a11c-488b-95a5-7cfaab0bb555

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 and Corporate Affairs
Fortis Inc.
709.737.5323
media@fortisinc.com

FAQ

When will Fortis Inc. release its five-year outlook?

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

What time is the Fortis Inc. teleconference?

The teleconference will be held at 8:30 a.m. Eastern on September 23, 2020.

How can I participate in the Fortis Inc. teleconference?

Participants can join by calling 1.877.223.4471 for North America or 647.788.4922 internationally.

What is the revenue of Fortis Inc. for 2019?

Fortis Inc. reported revenue of $8.8 billion for the year 2019.

What are the main markets serviced by Fortis Inc.?

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