ST. JOHN'S, NEWFOUNDLAND--(Marketwired - May 4, 2015) - Newfoundland Power Inc. has declared regular quarterly dividends on its Series A, B, D and G First Preference Shares as follows:

1.  a dividend of $0.1375 per share on the issued and outstanding 5 1/2%
    Cumulative Redeemable First Preference Share Series A of the Company for
    the quarter ending July 31st, 2015, be and is hereby declared payable
    August 3rd, 2015 to the Series A First Preference Shareholders of record
    at the close of business July 17th, 2015; 
    
2.  a dividend of $0.13125 per share on the issued and outstanding 5 1/4%
    Cumulative Redeemable First Preference Share Series B of the Company for
    the quarter ending July 31st, 2015, be and is hereby declared payable
    August 3rd, 2015 to the Series B First Preference Shareholders of record
    at the close of business July 17th, 2015; 
    
3.  a dividend of $0.18125 per share on the issued and outstanding 7 1/4%
    Cumulative Redeemable First Preference Share Series D of the Company for
    the quarter ending August 31st, 2015, be and is hereby declared payable
    September 1st, 2015 to the Series D First Preference Shareholders of
    record at the close of business August 14th, 2015; 
    
4.  a dividend of $0.19 per share on the issued and outstanding 7.60%
    Cumulative Redeemable First Preference Share Series G of the Company for
    the quarter ending June 30th, 2015, be and is hereby declared payable
    July 2nd, 2015 to the Series G First Preference Shareholders of record
    at the close of business June 12th, 2015; and, 
    
5.  the dividends hereby declared payable be and are hereby designated as
    eligible dividends within the meaning of s.89(1) of the Income Tax Act
    (Canada).
    

All the common shares of Newfoundland Power Inc. are owned by Fortis Inc. (TSX:FTS), a leader in the North American electric and gas utility business, with total assets of more than $26 billion and fiscal 2014 revenue of $5.4 billion. Its regulated utilities account for approximately 93% of total assets and serve more than 3 million customers across Canada and in the United States and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation's non-utility investment is comprised of hotels and commercial real estate in Canada. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.

With a customer base of approximately 259,000 accounts, Newfoundland Power is committed to safety and dedicated to providing the highest level of customer service and reliability of electricity in the most cost-efficient manner possible. For more information on Newfoundland Power's programs, services and community partnerships, please visit newfoundlandpower.com.