Ms. Donna Hynes reports

FORTIS SETTLES EXPLOITS RIVER HYDRO EXPROPRIATION MATTERS

Fortis Inc. has reached a settlement with the government of Newfoundland and Labrador pertaining to all matters arising from the December, 2008, expropriation of non-regulated hydroelectric-generating assets and water rights in central Newfoundland, then owned by the Exploits River Hydro Partnership in which Fortis holds an indirect 51-per-cent interest through Fortis Properties Corp. The settlement values Fortis's interest at approximately $22-million, after tax, which will be recognized in the first quarter of 2013.

We seek Safe Harbor.