Fortis Inc. reported that shareholders approved all items at its Annual Meeting of Shareholders. Investors elected 12 directors, each receiving more than 96% of votes cast, with Mary C. Hemmingsen receiving 300,559,988 votes for, or 99.87% support.
Shareholders also approved the appointment of Deloitte LLP as auditors with 306,408,822 votes for, representing 99.78% of votes cast. The non-binding advisory Say on Pay resolution on executive compensation passed with 286,352,999 votes for, or 95.15% support, indicating broad backing for the company’s pay practices.
Fortis describes itself as a diversified North American regulated electric and gas utility, with 2025 revenue of $12 billion and total assets of $77 billion as at March 31, 2026, serving customers across Canada, the United States and the Cayman Islands.
Fortis Inc. reported that shareholders approved all items at its Annual Meeting of Shareholders. Investors elected 12 directors, each receiving more than 96% of votes cast, with Mary C. Hemmingsen receiving 300,559,988 votes for, or 99.87% support.
Shareholders also approved the appointment of Deloitte LLP as auditors with 306,408,822 votes for, representing 99.78% of votes cast. The non-binding advisory Say on Pay resolution on executive compensation passed with 286,352,999 votes for, or 95.15% support, indicating broad backing for the company’s pay practices.
Fortis describes itself as a diversified North American regulated electric and gas utility, with 2025 revenue of $12 billion and total assets of $77 billion as at March 31, 2026, serving customers across Canada, the United States and the Cayman Islands.
Fortis Inc. reported solid, largely stable first-quarter 2026 results. Revenue rose to $3.4 billion from $3.3 billion, while net earnings attributable to common shareholders were $501 million, essentially flat versus $499 million a year earlier.
Basic EPS was $0.99 compared with $1.00, reflecting share growth under the dividend reinvestment plan and prior-year asset sales. Capital expenditures were $1.4 billion in the quarter, tracking a $5.6 billion 2026 plan and a $28.8 billion five-year plan that is expected to lift midyear rate base from $42.4 billion in 2025 to $57.9 billion by 2030, supporting targeted dividend growth of 4–6% annually.
Fortis Inc. reported solid, largely stable first-quarter 2026 results. Revenue rose to $3.4 billion from $3.3 billion, while net earnings attributable to common shareholders were $501 million, essentially flat versus $499 million a year earlier.
Basic EPS was $0.99 compared with $1.00, reflecting share growth under the dividend reinvestment plan and prior-year asset sales. Capital expenditures were $1.4 billion in the quarter, tracking a $5.6 billion 2026 plan and a $28.8 billion five-year plan that is expected to lift midyear rate base from $42.4 billion in 2025 to $57.9 billion by 2030, supporting targeted dividend growth of 4–6% annually.
Fortis Inc. has released its 2026 management information circular for the annual meeting of common shareholders on May 7, 2026, held in hybrid format in St. John’s and online. Shareholders will vote on electing 12 directors, appointing Deloitte LLP as auditors, and an advisory "say on pay" resolution on executive compensation, using March 20, 2026 as the record date.
The circular highlights 2025 performance, including approximately 5% adjusted EPS growth (excluding foreign exchange), a 24% one-year total shareholder return, and net earnings attributable to common shareholders of $1.7 billion or $3.40 per share. Adjusted net earnings were $1.8 billion or $3.53 per share.
Fortis outlines a $28.8 billion 2026–2030 capital plan, supporting an expected 7% annualized rate base growth and continued focus on reliability, resiliency and grid modernization for its 3.5 million electricity and gas customers. The company increased its dividend by 4.1% in 2025, extending its record to 52 consecutive years of dividend growth and reaffirming guidance of 4–6% annual dividend growth through 2030.
Fortis Inc. has released its 2026 management information circular for the annual meeting of common shareholders on May 7, 2026, held in hybrid format in St. John’s and online. Shareholders will vote on electing 12 directors, appointing Deloitte LLP as auditors, and an advisory "say on pay" resolution on executive compensation, using March 20, 2026 as the record date.
The circular highlights 2025 performance, including approximately 5% adjusted EPS growth (excluding foreign exchange), a 24% one-year total shareholder return, and net earnings attributable to common shareholders of $1.7 billion or $3.40 per share. Adjusted net earnings were $1.8 billion or $3.53 per share.
Fortis outlines a $28.8 billion 2026–2030 capital plan, supporting an expected 7% annualized rate base growth and continued focus on reliability, resiliency and grid modernization for its 3.5 million electricity and gas customers. The company increased its dividend by 4.1% in 2025, extending its record to 52 consecutive years of dividend growth and reaffirming guidance of 4–6% annual dividend growth through 2030.