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Fortis Inc. Common Shares - FTS STOCK NEWS

Welcome to our dedicated page for Fortis Common Shares news (Ticker: FTS), a resource for investors and traders seeking the latest updates and insights on Fortis Common Shares stock.

Fortis Inc. (symbol: FTS) is a prominent player in the North American electric and gas utility sector. With total assets of approximately $28 billion and a revenue of $5.4 billion for the fiscal year 2014, Fortis Inc. has cemented its position as a leader in the industry. The company provides regulated utility services to over 3 million customers across Canada, the United States, and the Caribbean.

Fortis operates eight key utility transmission and distribution subsidiaries across North America, serving more than 3.4 million electricity and gas customers. These subsidiaries are integral to the company's mission of delivering reliable energy. In the United States, subsidiary ITC Holdings Corp operates in seven states, managing over 16,000 miles of high-voltage transmission lines.

In addition to its significant presence in the electricity and gas distribution industry, Fortis also holds investments in electricity generation and various Caribbean utilities. The company's strategic approach to expansion and infrastructure development has further solidified its footprint in the utility sector.

The latest updates from Fortis include forward-looking statements on its projects and financial conditions, sourced from Tucson Electric Power and UniSource Energy Services. These updates can be found in their designated news releases, accessible through their official website and other financial information platforms like SEDAR and SEC.

Fortis Inc. shares are listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol FTS, reflecting their stability and growth potential in the global market.

News

New UniSource Electric Rates Support Investments in Safe, Reliable Service

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UniSource Energy Services is implementing new electric rates to cover rising costs and support ongoing investments in safe, reliable service. The average monthly bills of typical residential customers on UniSource’s Basic pricing plan are expected to increase by $13.68 under the new rates, approved by the Arizona Corporation Commission. The new rates reflect more than $330 million the company has invested since 2014 to maintain reliable service and serve the increasing energy needs of growing communities in Mohave and Santa Cruz counties.
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TEP, UniSource Issue New All-Source Request for Proposals for Additional Energy Resources

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Tucson Electric Power (TEP) and UniSource Energy Services are seeking new generation facilities, energy storage systems, and energy efficiency resources through a joint all-source request for proposals (ASRFP) to meet customers' increasing energy needs while maintaining affordable service. The ASRFP targets resources to support the companies' 2023 integrated resource plans (IRPs) and seeks submissions by March 8, 2024. TEP's 2023 IRP plans to add 2,240 MW of wind and solar generation and 1,330 MW of energy storage by 2038, aiming for an 80 percent reduction in CO2 emissions by 2035. UniSource's 2023 IRP plans to more than double its electric energy resources by adding 350 MW of solar and wind resources, 200 MW of natural gas turbines, and 225 MW of energy storage systems by 2038.
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Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results

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Fortis Inc. (FTS) will release its 2023 financial results on February 9, 2024. The teleconference and webcast will feature David Hutchens, President and CEO, and Jocelyn Perry, EVP and CFO, discussing the annual financial results. Shareholders, analysts, and the media can participate in the live webcast or call in with questions. An archived webcast will be available on the Corporation's website.
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Fortis Inc. Announces First Quarter Dividends – 2024

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Fortis Inc. (FTS) declares dividends payable on March 1, 2024, to Shareholders of Record of various Shares of the Corporation. The dividends are designated as eligible dividends for federal and provincial dividend tax credit purposes.
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Fortis Inc. Completes Sale of Aitken Creek Natural Gas Storage Facilities in British Columbia

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Fortis Inc. has announced the completion of the sale of its 93.8% interest in the Aitken Creek Natural Gas Storage Facility and its 100% interest in the Aitken Creek North Gas Storage Facility to a subsidiary of Enbridge Inc. The sale was made for approximately $400 million plus working capital and closing adjustments. The transaction strengthens Fortis' balance sheet and provides funding flexibility for its regulated utility growth strategy.
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TEP Targets Net Zero Carbon Emissions, Faster Clean Energy Expansion in New Resource Plan

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Tucson Electric Power (TEP) has filed its 2023 Integrated Resource Plan (IRP) with the Arizona Corporation Commission, outlining its goal of achieving net zero direct greenhouse gas emissions by 2050. TEP plans to add 2,240 MW of wind and solar generation, 1,330 MW of energy storage, and 400 MW of natural gas turbines by 2038. The company aims to achieve an 80% reduction in CO2 emissions by 2035. TEP's new net zero goal will require advancements in technologies and energy-smart behaviors.
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UniSource Plans Resource Expansion to Preserve Reliable Electric Service for Customers

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UniSource Energy Services plans to more than double its electric energy resources over the next 15 years. The company aims to add 350 MW of solar and wind resources, 200 MW of natural gas turbines, and 225 MW of energy storage systems by 2038.
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Fortis Inc. Releases Third Quarter 2023 Results

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Fortis Inc. released its third quarter results, reporting net earnings of $394 million or $0.81 per common share, up from $326 million or $0.68 per common share in 2022. The company also announced a 2024-2028 capital plan of $25 billion, representing 6.3% average annualized rate base growth.
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Advisory: Fortis Inc. to Hold Teleconference and Webcast on October 27 to Discuss Third Quarter 2023 Results

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Fortis Inc. to release third quarter 2023 financial results
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New TEP Battery System Will Support Transition to a Cleaner, Greener Grid

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Tucson Electric Power (TEP) will build a large battery energy storage system in southeast Tucson, with a capacity of 200 MW and 800 MWh, to satisfy customers' energy needs with low-cost solar energy. The system is expected to begin operation in summer 2025. TEP aims to reduce carbon emissions by 80% and add up to 1,400 MW of energy storage by 2035, as per their Integrated Resource Plan. TEP currently has 51 MW of energy storage capacity. The battery system will be designed and built by DEPCOM Power, Inc.
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FAQ

What is the current stock price of Fortis Common Shares (FTS)?

The current stock price of Fortis Common Shares (FTS) is $41.72 as of December 20, 2024.

What is the market cap of Fortis Common Shares (FTS)?

The market cap of Fortis Common Shares (FTS) is approximately 20.6B.

What does Fortis Inc. do?

Fortis Inc. is a leading electric and gas utility company in North America, providing regulated utility services to over 3 million customers in Canada, the US, and the Caribbean.

Where are Fortis Inc.'s shares listed?

Fortis Inc.'s shares are listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol FTS.

What subsidiaries does Fortis Inc. operate?

Fortis operates eight utility transmission and distribution subsidiaries in Canada and the US, along with investments in electricity generation and Caribbean utilities.

How many customers does Fortis Inc. serve?

Fortis Inc. serves more than 3.4 million electricity and gas customers across North America and the Caribbean.

What are some recent updates from Fortis Inc.?

Recent updates include forward-looking statements from Tucson Electric Power and UniSource Energy Services. These can be accessed through designated news releases on Fortis's website.

What is ITC Holdings Corp?

ITC Holdings Corp is a subsidiary of Fortis Inc. that operates in seven U.S. states, managing over 16,000 miles of high-voltage transmission lines.

How much revenue did Fortis Inc. generate in fiscal 2014?

Fortis Inc. generated $5.4 billion in revenue for the fiscal year 2014.

Where can I find more financial information about Fortis Inc.?

Additional financial information about Fortis Inc. can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov.

What are Fortis Inc.'s total assets?

Fortis Inc. has total assets amounting to approximately $28 billion.

How can I access Fortis Inc.'s latest press releases?

Fortis Inc.'s latest press releases can be accessed through their official website and platforms like SEDAR and SEC.

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Fortis Inc. Common Shares

NYSE:FTS

FTS Rankings

#529 Ranked by Market Cap
#489 Ranked by Dividends

FTS Stock Data

20.55B
498.89M
0.04%
57.71%
2.91%
Utilities - Regulated Electric
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