10:04:20 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Fortis Inc
Symbol FTS
Shares Issued 417,885,322
Close 2017-08-01 C$ 45.75
Market Cap C$ 19,118,253,482
Recent Sedar Documents

Fortis's Waneta dam interest deal with Teck dropped

2017-08-01 23:12 ET - News Release

Ms. Janet Craig reports

FORTIS STATEMENT ON WANETA DAM AGREEMENT

Fortis Inc. has been given notice from Teck Resources Ltd. that BC Hydro has exercised its right of first offer to acquire Teck's two-thirds interest in the Waneta dam. As a result, the purchase agreement between Fortis and Teck has been terminated, and Teck will pay Fortis a break fee of approximately $28-million.

About Fortis Inc.

Fortis is a leader in the North American regulated electric and gas utility industry with total assets of approximately $48-billion. The corporation's 8,000 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.

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