Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, and Say on Pay

Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, and Say on Pay

ST. JOHN'S, Newfoundland and Labrador, May 08, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual Meeting of Shareholders held today. Shareholders voted in favour of all items of business…

Net Earnings Up at NL-Based Fortis

Net earnings at Fortis are up in the first quarter of the year. They went from $459-million in 2024 to $499-million this year, earning $1.00 per common share, up from $0.93. David Hutchens, President and CEO of Fortis, says they are off to a great start. The increase in earnings is being attributed to rate base growth across their utilities. The higher U.S. dollar to Canadian dollar exchange rate also factored in favourably.