17:56:07 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Fortis Inc
Symbol FTS
Shares Issued 284,187,378
Close 2016-08-16 C$ 42.43
Market Cap C$ 12,058,070,449
Recent Sedar Documents

Fortis's Tucson partly settles Arizona rate case

2016-08-16 16:47 ET - News Release

Ms. Janet Craig reports

TUCSON ELECTRIC POWER COMPANY (TEP) RATE CASE PROGRESSES; REACHES SETTLEMENT AGREEMENT ON REVENUE REQUIREMENT

Tucson Electric Power Company (TEP), a subsidiary of Fortis Inc., has reached a settlement agreement with several parties regarding TEP's revenue requirement in its rate-case proceeding pending before the Arizona Corporation Commission (ACC). The agreement is available on the ACC's website. TEP also filed Form 8K with the U.S. Securities and Exchange Commission respecting the settlement agreement. A copy can be found at the SEC website.

An ACC administrative law judge will issue a recommended opinion and order following the conclusion of planned hearings. That recommendation is then subject to review and approval by the ACC before new rates can become effective.

About Fortis

The corporation's asset mix is approximately 94 per cent regulated (69 per cent electric and 25 per cent gas), with the remaining 6 per cent composed of non-regulated energy infrastructure.

© 2024 Canjex Publishing Ltd. All rights reserved.