Fortis News

FortisBC utilities, indirect and wholly owned subsidiaries of Fortis Inc., announced they have received the British Columbia Utilities Commission decision on the first phase of the BCUC's generic cost of capital review for B.C. utilities.

Stan Marshall, CEO of Fortis Inc., at the Seal Cove Power plant in 2012. Stan Marshall, CEO of Fortis Inc., at the Seal Cove Power plant in 2012.

ST. JOHN'S, N.L. - Fortis Inc. says a settlement of claims against the Government of Newfoundland and Labrador made a significant contributed to its bottom line in the first quarter.

ST. JOHN'S, NEWFOUNDLAND -- -- 05/04/13 -- Fortis Inc. responded today to the recommended decision issued on May 3, 2013 by administrative law judges in connection with the Corporation's joint proposal to the New York State Public Service Commission for approval of the Corporation's previously announced agreement to acquire CH Energy Group, Inc.

Backers and opponents of the planned purchase of CH Energy Group by Fortis Inc. of Canada are sparring again in the ring of the state's Public Service Commission.

The proposed $1.5 billion purchase of Central Hudson Energy Group by Fortis, Inc., a Canadian-based holding company, doesn't have too many friends willing to speak on its behalf, if the April 18 public hearing held by the state Public Service Commission in Kingston's City Hall was any indicator.

Newfoundland and Labrador expropriated hydro assets owned by Fortis when it seized timber and water rights from AbitibiBowater in 2008.

St. John's, NL, April 30, 2013 - Fortis Inc. announced that it has reached a settlement with the Government of Newfoundland and Labrador pertaining to all matters arising from the December 2008 expropriation of non-regulated hydroelectric generating assets and water rights in central Newfoundland, then owned by the Exploits River Hydro Partnership ... (more)

The bubbling kettle that was once a fairly quiet deal to sell the mid-Hudson Valley's utility company to a Canadian company is getting a little hotter.