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Fortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2024 Results and Hold Annual and Special Meeting on May 2

Retrieved on:

Wednesday, April 3, 2024

Q&A, Webcast, Corporation, FTS, Shareholder, Special, Fortis, Broadcasting

ST. JOHN'S, Newfoundland and Labrador, April 03, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2024 financial results on Wednesday, May 1, 2024.

Key Points:

ST. JOHN'S, Newfoundland and Labrador, April 03, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2024 financial results on Wednesday, May 1, 2024.
David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's first quarter financial results.
A replay of the teleconference will be available two hours after the conclusion of the call until June 1, 2024.
Fortis will hold its 2024 Annual and Special Meeting of Shareholders on Thursday, May 2, 2024 at 9:00 a.m. (Eastern), 10:30 a.m. (Newfoundland), in-person and online.

METC extended through March 31, 2025

Retrieved on:

Tuesday, April 2, 2024

PDAC, Natural Resources, FTS, Government, Metal, News, METC, Mining

TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- The Government of Canada announced an extension to the Mineral Exploration Tax Credit (METC) through March 31, 2025.

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TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- The Government of Canada announced an extension to the Mineral Exploration Tax Credit (METC) through March 31, 2025.
The extension represents $65 million to support investment in domestic mineral exploration and will generate multi-fold economic impacts in many regions and communities across the country.
The METC is a made-in-Canada financial incentive that provides flow-through share (FTS) investors with an additional 15% non-refundable tax credit when funds are directed towards greenfield exploration.
According to the Government of Canada, the METC supported over 300 companies to raise equity by issuing eligible flow-through shares to more than 12,400 investors in 2021 alone.

SPEEA Wins Reinstatement for Seven Boeing Pilots in Labor Case

Retrieved on:

Tuesday, March 26, 2024

The Boeing Company violated federal labor law by retaliating against seven of its instructor pilots who had engaged in union activity, a federal administrative law judge ruled.

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The Boeing Company violated federal labor law by retaliating against seven of its instructor pilots who had engaged in union activity, a federal administrative law judge ruled.
“The ruling is a resounding win for our union-represented pilots,” said Ray Goforth, the executive director of SPEEA, IFPTE Local 2001, which represented the Boeing instructor pilots before their work was outsourced to third-party contractors.
These Flight Training Airplane (FTA) pilots, along with Flight Technical and Safety (FTS) pilots, make up the SPEEA Pilots and Instructors Unit (SPIU).
SPEEA represents more than 19,000 engineers, scientists, pilots and technical workers at Boeing in Washington, Kansas, California, Oregon and Utah and Spirit AeroSystems facilities in Kansas.

Figure Lending LLC Announces New Umbrella Brand, Figure Technology Solutions, Reflecting an Expanding Technology-Enabled Platform Designed to Reshape the Lending Industry

Retrieved on:

Monday, March 18, 2024

Professional Services, Data Management, Data Analytics, Technology, Software, Finance, Asset Management, Growth, FTS, Ecosystem

Figure Lending LLC (“Figure Lending”), the largest non-bank originator of HELOCs1, today announced that it is operating under the new umbrella brand Figure Technology Solutions.

Key Points:

Figure Lending LLC (“Figure Lending”), the largest non-bank originator of HELOCs1, today announced that it is operating under the new umbrella brand Figure Technology Solutions.
Figure Technology Solutions, Inc. (“FTS”), the new parent company of Figure Lending, is focused on continuing to develop and distribute their proprietary technology-enabled platform to lending partners and investors in the lending ecosystem.
Launching FTS as a stand-alone company, independent of Figure Technologies, Inc. and the newly created Figure Markets Holdings, Inc., reflects the growth and vision for Figure’s technology-enabled lending platform that has been built to reshape the industry, starting with HELOCs.
“By creating a dedicated business, FTS will focus its resources on the continued success of its technology platform, delivering cutting-edge solutions to drive efficiency across the lending ecosystem,” said Mike Cagney, co-founder and CEO of Figure Technology Solutions.

Fortis Inc. Releases 2024 Climate Report

Retrieved on:

Monday, March 11, 2024

Knowledge, Fortis, Climate change, FTS, Corporation, TCFD, Policy, Risk management

ST. JOHN'S, Newfoundland and Labrador, March 11, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today released its 2024 Climate Report .

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ST. JOHN'S, Newfoundland and Labrador, March 11, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today released its 2024 Climate Report .
This report builds on our 2022 TCFD and Climate Assessment and further details our understanding of climate-related impacts across the Fortis group of companies.
Fortis' current business strategy addresses the risks and opportunities identified in this report and informs future work to advance the preparedness of our utilities for climate impacts.
Fortis remains focused on achieving emissions reduction targets, investing in cleaner energy solutions, enhancing resiliency of energy delivery assets, and supporting policy advancements.

Fortis Inc. Files 2023 Year-End Disclosure Documents

Retrieved on:

Friday, February 9, 2024

Donald Duck filmography, Financial statement, News, Fortis, Corporation, Consolidated, Form, FTS, Annual general meeting

ST. JOHN'S, Newfoundland and Labrador, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), today filed its audited Consolidated Financial Statements, related Management Discussion and Analysis and Form 40-F for the year ended December 31, 2023, as well as its 2023 Annual Information Form, with Canadian securities regulatory authorities. The Corporation also filed its Form 40-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. Copies of these documents are available electronically at www.sedarplus.ca (Canadian filings), www.sec.gov (U.S. filings) and the Corporation's website, www.fortisinc.com, or by emailing [email protected].

Key Points:

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022.
ST. JOHN'S, Newfoundland and Labrador, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), today filed its audited Consolidated Financial Statements, related Management Discussion and Analysis and Form 40-F for the year ended December 31, 2023, as well as its 2023 Annual Information Form, with Canadian securities regulatory authorities.
The Corporation also filed its Form 40-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission.
Copies of these documents are available electronically at www.sedarplus.ca (Canadian filings), www.sec.gov (U.S. filings) and the Corporation's website, www.fortisinc.com , or by emailing [email protected] .

Fortis Inc. Reports Fourth Quarter & Annual 2023 Results

Retrieved on:

Friday, February 9, 2024

ST. JOHN'S, Newfoundland and Labrador, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2023 fourth quarter and annual financial results1.

Key Points:

ST. JOHN'S, Newfoundland and Labrador, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2023 fourth quarter and annual financial results1.
On November 1, 2023, the sale of Aitken Creek closed for approximately $470 million including working capital and closing adjustments.
Adjusted net earnings attributable to common equity shareholders2 ("Adjusted Net Earnings") reflects results for Aitken Creek through the March 31, 2023 effective date.
For the fourth quarter of 2023, Adjusted Net Earnings were $350 million, or $0.72 per common share, comparable with the same period in 2022.

Fortis Inc. Announces Second Quarter Dividends – 2024

Retrieved on:

Thursday, February 8, 2024

Donald Duck filmography, Record, News, Fortis, Exercise, Corporation, Rate, Indian stock exchange, FTS, Security (finance)

ST. JOHN'S, Newfoundland and Labrador, Feb. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends payable on June 1, 2024 to the Shareholders of Record of the following Shares of the Corporation at the close of business on May 17, 2024:

Key Points:

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022.
ST. JOHN'S, Newfoundland and Labrador, Feb. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends payable on June 1, 2024 to the Shareholders of Record of the following Shares of the Corporation at the close of business on May 17, 2024:
$0.3063 per share on the First Preference Shares, Series "F";
$0.3826875 per share on the First Preference Shares, Series "G";
$0.11469 per share on the First Preference Shares, Series "H";
$0.408392 per share on the First Preference Shares, Series "I";
$0.2969 per share on the First Preference Shares, Series "J";
$0.3418125 per share on the First Preference Shares, Series "K", provided that if no such Series “K” shares are outstanding on such date as a result of the exercise of Shareholders of their right to convert Series “K” shares into Cumulative Redeemable Floating Rate First Preference Shares, Series “L” of the Corporation effective March 1, 2024 (the “Conversion Right”), no such dividend shall be payable;
$0.4462000 per share on the First Preference Shares, Series “L”, provided that if no such Series “L” shares are issued on March 1, 2024 pursuant to the Conversion Right, no such dividend shall be payable;
$0.2445625 per share on the First Preference Shares, Series "M"; and,
$0.59 per share on the Common Shares.
The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.
All amounts are given in Canadian dollars unless otherwise indicated.

Advisory: Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results

Retrieved on:

Thursday, February 1, 2024

Corporation, FTS, Fortis, Webcast, Broadcasting

ST. JOHN'S, Newfoundland and Labrador, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2023 financial results on Friday, February 9, 2024.

Key Points:

ST. JOHN'S, Newfoundland and Labrador, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2023 financial results on Friday, February 9, 2024.
A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern) during which David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's 2023 annual financial results.
Shareholders, analysts, members of the media and other interested parties are invited to listen to the teleconference via the live webcast on the Corporation's website, https://www.fortisinc.com/investor-relations/events-and-presentations .
An archived audio webcast of the teleconference will be available on the Corporation's website and will be available two hours after the conclusion of the call until March 9, 2024.

New UniSource Electric Rates Support Investments in Safe, Reliable Service

Retrieved on:

Thursday, January 18, 2024

Energy, Other Energy, Utilities, Oil, Gas, FTS, Weather, Reach Out Worldwide, UNS Energy, Investment, UniSource Energy Services, Arizona Corporation Commission, Fortis, Renewable energy

New electric rates for UniSource Energy Services customers will take effect Feb. 1 to help cover rising costs and support ongoing investments in safe, reliable service.

Key Points:

New electric rates for UniSource Energy Services customers will take effect Feb. 1 to help cover rising costs and support ongoing investments in safe, reliable service.
The new rates reflect more than $330 million the company has invested since then to maintain reliable service.
“After more than seven and a half years without a base rate increase, we need new rates to support our ongoing investments in safe, reliable service,” said Susan Gray, UniSource’s President and CEO.
This new System Reliability Benefit mechanism will support investments that help preserve affordable, reliable service for customers.