The Investment Reporter, in its Sept. 16, 2016, issue, refreshes its buy of Fortis Inc., recently $41.78. The Reporter said buy 30 times from Oct. 15, 1995, to Aug. 5, 2016, at prices ranging from $22.89 to $70.68 (the stock split 4 for 1 on Oct. 12, 2005). Assuming an investment of $1,000 for each of the 30 buys, the $30,000 position would now be worth $81,972. Fortis is making a large acquisition; it is acquiring ITC Holdings Corp., which owns and operates high-voltage transmission facilities across the U.S. Midwest. Its 15,000 miles of transition lines can transmit a peak load of 26,000 megawatts. This purchase is expected to add 5 per cent to Fortis's earnings in the first full year. Faster earnings-per-share growth will support Fortis's goal of raising its dividend by 6 per cent a year through 2020. In addition, ITC will diversify Fortis by regulator, business risk and economic region. Fortis is paying $6.9-billion (U.S.) for ITC; it will also assume ITC's debt of $4.4-billion (U.S.). Fortunately, the company may partially pay for the acquisition by issuing 117 million shares. Fortis expects to close the deal by the end of 2016. The stock remains a buy for rising dividends and long-term gains.