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Fortis Inc
Symbol FTS
Shares Issued 192,475,945
Close 2013-04-26 C$ 34.36
Market Cap C$ 6,613,473,470
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Fortis asks BCUC to reconsider amalgamation proposal

2013-04-29 14:14 ET - News Release

Mr. Roger Dall'Antonia reports

FORTISBC FILES APPLICATION FOR RECONSIDERATION WITH THE BC UTILITIES COMMISSION

Fortis Inc.'s FortisBC has filed an application with the British Columbia Utilities Commission (BCUC) to reconsider the BCUC's recent decision that denied FortisBC's request to amalgamate its three gas utilities and adopt common rates throughout FortisBC's gas service areas.

In April, 2012, FortisBC filed an application with the BCUC to amalgamate its three gas utilities -- FortisBC Energy Inc., FortisBC Energy (Vancouver Island) Inc. and FortisBC (Whistler) Inc. The application also proposed common rates for all FortisBC natural gas customers in a given rate class anywhere in the combined service territory. In February, 2013, the BCUC denied the application.

"We believe that this application is important to all of our customers and is in the public interest. We have decided to ask the BCUC to reconsider its recent denial of our original application to establish common rates across our natural gas service territories," said Roger Dall'Antonia, FortisBC vice-president, strategic planning, corporate development and regulatory affairs.

If the amalgamation proceeds and common rates as proposed are adopted, FortisBC natural gas customers on Vancouver Island and in Whistler will see lower rates, while customers on the Lower Mainland will see slightly increased rates. FortisBC has decided to exclude Fort Nelson from the common rate proposal, and such exclusion is not seen as a barrier to implementing common rates for other FortisBC natural gas service areas.

"As a public utility, our priority is to provide safe, reliable natural gas service at the lowest reasonable cost to our customers," said Mr. Dall'Antonia. "We believe that amalgamating the three gas utilities and adopting common rates is in support of this objective."

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