UPDATE 1-Canadian utility Fortis to sell stake in British Columbia hydroelectric project [Reuters]
Fortis Inc. Common Shares (FTS)
Last fortis inc. common shares earnings: 2/13 06:00 am
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Source: Reuters
Canadian utility Fortis to sell stake in British Columbia hydroelectric project (Reuters) - Electric and gas utility Fortis Inc said on Monday it would sell its 51 percent stake in its hydroelectric project in British Columbia to state-owned Columbia Power Corp (CPC) and Columbia Basin Trust (CBT) for about C$1 billion. CPC and CBT already own the remaining stake in the project. “This transaction completes the asset sale funding component of our five-year capital investment plan,” Fortis’ Chief Executive Officer Barry Perry said. The company expects the deal to close within 90 days. Fortis will continue to operate the facility and purchase its surplus capacity, the company said in a statement. Fortis and CPC were not immediately available for comment. Reporting by Debroop Roy in Bengaluru; Editing by Saumyadeb Chakrabarty Our Standards: The Thomson Reuters Trust Principles.
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News
- Advisory: Fortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2024 Results and Hold Annual and Special Meeting on May 2GlobeNewswire
- Taking A Look At Fortis Inc.'s (TSE:FTS) ROE [Yahoo! Finance]Yahoo! Finance
- Damage incidents to FortisBC's gas lines down in 2023 as more British Columbians clicking or calling before they dig [Yahoo! Finance]Yahoo! Finance
- Fortis Inc. (NYSE: FTS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Fortis (TSE:FTS) investors are sitting on a loss of 6.3% if they invested a year ago [Yahoo! Finance]Yahoo! Finance
FTS
Earnings
- 2/9/24 - Beat
FTS
Sec Filings
- 4/3/24 - Form 6-K
- 3/25/24 - Form 6-K
- 3/11/24 - Form 6-K
- FTS's page on the SEC website