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Fortis News

News on Fortis continually updated from thousands of sources around the net.

Friday Aug 22 | Telegram

Still space at Fortis Place

The 12-storey office building on Springdale Street in downtown St. John's is nearing the point where its 146,425 square feet will be filled with workers on day-to-day business.

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Related Topix: Energy, Canada,

Thu Aug 21, 2014

ElectricNet

Fortis Acquires UNS Energy, Enhancing Support For Arizona Utilities

Fortis Inc. completed its acquisition of UNS Energy Corporation today, adding UNS Energy subsidiaries Tucson Electric Power and UniSource Energy Services to its growing international family of electric and gas utility companies.

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Related Topix: Energy, Source Energy, Oil & Gas, Tucson, AZ, University of Arizona, Gila Bend, AZ

Fri Aug 15, 2014

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

Series 11-4 GBP 170,200,000 Class D FRN due ... )--As Agent Bank, please be advised of the following rate determined on: 8/15/2014 Issue The Royal Bank of Scotland - Series 3406 GBP 250,000,000 FRN due 16 Feb 2015 ISIN ... )--As Agent Bank, please be advised of the following rate determined on: 8/14/2014 Issue Arkle Master Issuer PLC - Series 2011 ... (more)

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Related Topix: Energy, Oil & Gas, Source Energy

Hispanic Business

Fitch Upgrades Tucson Electric Power Co. to 'BBB'; Outlook Stable

With this rating action Fitch has removed TEP from Rating Watch Positive where it was placed on .

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Related Topix: Energy

Electric Energy Online

Fortis Completes UNS Energy Acquisition; Final Payment on Debentures...

Fortis Inc. announced that it has completed the transaction to acquire all of the outstanding shares of UNS Energy Corporation for an aggregate purchase price of approximately US$4.5 billion, including the assumption of approximately US$2.0 billion of debt.

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Related Topix: Retail, Footstar, Apparel, Energy, Tucson, AZ

Utility Products

Fortis buys UNS Energy

Fortis Inc. completed its acquisition of UNS Energy Corp., adding UNS Energy units Tucson Electric Power and UniSource Energy Services to its growing international family of electric and gas utility companies.

Comment?

Related Topix: Energy, Tucson, AZ, Source Energy, Oil & Gas, University of Arizona, Gila Bend, AZ

Thu Aug 14, 2014

Sys-Con Media

Fortis Inc. Announces Fourth Quarter Dividends-2014

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- -- 08/14/14 -- The Board of Directors of Fortis Inc. has declared the following dividends: 1. $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on 1 December 2014 to the Shareholders of Record at the close of business on 18 November 2014; 2. $0.3063 per share on the ... (more)

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Related Topix: Energy, Canada

ElectricNet

Arizona Corporation Commission Approves Fortis Acquisition Of UNS Energy

The Arizona Corporation Commission today issued its final written approval of the acquisition of UNS Energy Corporation by Fortis Inc. , Canada's largest investor-owned electric and gas distribution utility holding company.

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Related Topix: Energy, Source Energy, Oil & Gas, Tucson, AZ

Tue Aug 12, 2014

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In L-3 Communication Holdings, Inc. To Contact Brower Piven Before The September 30, 2014 Lead Plaintiff Deadline In Class Action Lawsuit )--The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class ... (more)

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Related Topix: Source Energy, Energy, Oil & Gas, Retail, Footstar, Apparel, L 3 Communication Holdings, Telecom, DreamWorks Animation SKG, Maricopa County, AZ

Sys-Con Media

Fortis Inc. Acquisition of UNS Energy Corporation Approved by Arizona Corporation Commission

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- -- 08/12/14 -- Fortis Inc. and UNS Energy Corporation announced today the issuance of the final written approval by the Arizona Corporation Commission of the Corporation's agreement to acquire UNS Energy .

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Related Topix: Energy, Canada, Source Energy, Oil & Gas, Tucson, AZ

Hispanic Business

Tucson Electric Power Co Files (8-K) Disclosing Temporary Suspension...

TUCSON ELECTRIC POWER CO FILES Disclosing Temporary Suspension of Trading Under Registrant's Employee Benefit Plans, Financial Statements and Exhibits , UNS Energy Corporation entered into an Agreement and Plan of Merger pursuant to which a subsidiary of Fortis Inc. would merge into UNS Energy and UNS Energy would become an indirect wholly-owned ... (more)

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Related Topix: Energy

Thu Aug 07, 2014

Business Wire

UNS Energy Board of Directors Declares Third Quarter Dividend

If the merger does not close prior to September 5, 2014, the full dividend amount of $0.48 per share will be paid to shareholders of record as of September 5, 2014 and payable on September 25, 2014.

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Related Topix: Source Energy, Energy, Oil & Gas, Tucson, AZ

Tue Aug 05, 2014

Globe and Mail

Today's analyst upgrades and downgrades

Fortis Inc. CEO Stan Marshall is shown at the Seal Cove power plant in St. John's.

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Related Topix: Energy, Canada,

Sun Aug 03, 2014

Electric Energy Online

Fortis Earns $47 Million in the Second Quarter

Fortis Inc. achieved second quarter net earnings attributable to common equity shareholders of $47 million, or $0.22 per common share, compared to $54 million, or $0.28 per common share, for the second quarter of 2013.

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Related Topix: Retail, Footstar, Apparel, Energy, Tucson, AZ

Marine News

Sound Oil's Nervesa Gas Discovery

Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to update investors on its continued progress with the proposed second well addressing the Southern limb of the Nervesa gas discovery, onshore Italy.

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Related Topix: Energy, Canada,

Marine News

ACP & New Locks Contractor Set to Complete Canal Expansion

The Panama Canal Authority and the consortium Groups Unidos por el Canal signed today the variation incorporating to the original contract the agreement reached in March for completion of the Third Set of Locks project.

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Related Topix: Energy, Canada,

Marine News

Malta Maritime Careers Day to feature International Entities

The Malta Maritime Careers Day will see the participation of three eminent international entities in its first year of staging.

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Related Topix: US Coast Guard, US Military, Perry, US News, Boat, US Navy, Energy

Fri Aug 01, 2014

Canadian Business Magazine

Big utility Fortis has lower second-quarter net earnings on higher revenues

ST.JOHN'S, N.L. - Fortis Inc., one of Canada's largest utilities, says it had lower second-quarter net earnings of $47 million compared with a year ago, weighed down by a charge related to its pending $4.3-billion acquisition of UNS Energy Corp. The company said Friday it earned 22 cents per share in the quarter.

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Related Topix: Apparel, Retail, Footstar, Energy

Sys-Con Media

Fortis Inc. Earns $47 Million in the Second Quarter

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- -- 08/01/14 -- Fortis Inc. achieved second quarter net earnings attributable to common equity shareholders of $47 million, or $0.22 per common share, compared to $54 million, or $0.28 per common share, for the second quarter of 2013.

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Related Topix: Energy, Canada, Tucson, AZ

Brandon Sun

Canadian earnings declared Friday: Enbridge, Bell Aliant, Fortis

Bell Aliant Inc. : Second-quarter 2014, $72 million, 32 cents per share; 2013, $66 million, 29 cents per share.

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Related Topix: Telecom, Aliant, Enbridge, Energy, Oil & Gas

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