ST. JOHN–S, NEWFOUNDLAND AND LABRADOR — (Marketwired) — 05/09/13 — Fortis Inc. (“Fortis” or the “Corporation”) (TSX: FTS) announces that the nominees listed in the Corporation–s Notice to Shareholders and Management Information Circular dated 21 March 2013 were elected as Directors of Fortis at the Corporation–s Annual Meeting of Shareholders held earlier today in St. John–s, NL.
Election of Directors
On a vote by ballot, the following 10 nominees proposed by management were elected as Directors of Fortis to serve until the Corporation–s next Annual Meeting of Shareholders or until their successors are elected or appointed:
Fortis is the largest investor-owned distribution utility in Canada, with total assets of more than $15 billion and fiscal 2012 revenue totalling $3.7 billion. The Corporation serves more than 2 million gas and electricity customers. Its regulated holdings include electric distribution utilities in five Canadian provinces and two Caribbean countries and a natural gas utility in British Columbia, Canada. Fortis owns and operates non-regulated generation assets in Canada, Belize and Upstate New York. It also owns hotels and commercial office and retail space in Canada.
Fortis includes forward-looking information in this material within the meaning of applicable securities laws in Canada (“forward-looking information”). The purpose of the forward-looking information is to provide management–s expectations regarding the Corporation–s future growth, results of operations, performance, business prospects and opportunities, and it may not be appropriate for other purposes. All forward-looking information is given pursuant to the safe harbour provisions of applicable Canadian securities legislation. The words “anticipates”, “believes”, “budgets”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “may”, “might”, “plans”, “projects”, “schedule”, “should”, “will”, “would” and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. The forward-looking information reflects management–s current beliefs and is based on assumptions developed using information currently available to the Corporation–s management. Although Fortis believes that the forward-looking statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties. For information on risk factors that have the potential to affect the Corporation, reference should be made to the Corporation–s continuous disclosure materials filed from time to time with Canadian securities regulatory authorities and to the heading “Business Risk Management” in the Corporation–s annual and quarterly Management Discussion and Analysis. Except as required by law, the Corporation undertakes no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise after the date hereof.
Contacts:
Ms. Donna Hynes
Manager, Investor and Public Relations
Fortis Inc.
709.737.2800