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Stock impact report

FortisBC leads $50 million pilot project to reduce energy use in older homes [Yahoo! Finance]

Fortis Inc. Common Shares (FTS) 
Last fortis inc. common shares earnings: 2/13 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
SURREY, BC March 12, 2024 /CNW/ - FortisBC Energy Inc. (FortisBC) has embarked on an extensive $50 million pilot project aimed at uncovering the best pathway to reduce energy use in older homes and multifamily housing units, which is an essential step in meeting B.C.'s climate action targets. Working with partners such as Metro Vancouver Housing and participating customers from across the Lower Mainland and Southern Interior. FortisBC now has 20 single family homes and four apartment buildings participating in a deep energy retrofit pilot. A deep energy retrofit is a comprehensive, whole-home upgrade aimed at reducing energy use by half or more. During each phase of the multi-year pilot, FortisBC will analyze the energy reductions, customer experience and overall costs. The information gained will be invaluable for industry, policymakers and FortisBC to determine how best to ensure older housing units can continue to meet the needs of families as the province moves towards a net-ze Show less Read more
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