ST. JOHN–S, NEWFOUNDLAND AND LABRADOR — (Marketwired) — 07/31/13 — Newfoundland Power Inc. has declared regular quarterly dividends on its Series A, B, D and G First Preference Shares as follows:
All the common shares of Newfoundland Power Inc. are owned by Fortis Inc. (TSX: FTS), the largest investor-owned gas and electric distribution utility in Canada. The regulated utilities of Fortis account for 90% of total assets and serve more than 2.4 million gas and electricity customers across Canada and in New York State and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation–s non-utility investments are comprised of hotels and commercial real estate in Canada and petroleum supply operations in the Mid-Atlantic Region of the United States. Fortis shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.
With a customer base of over 252,000 accounts, Newfoundland Power is committed to safety and dedicated to providing the highest level of customer service and reliability of electricity in the most cost-efficient manner possible. For more information on Newfoundland Power–s programs, services and community partnerships, please visit newfoundlandpower.com.
Contacts:
Newfoundland Power Inc.
Ms. Jocelyn Perry
Vice President, Finance & Chief Financial Officer
(709) 737-2812
(709) 737-5300 (FAX)