ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(CCNMatthews - March 9, 2007) - Today, the Board of Directors of Fortis Inc. (the "Corporation") (TSX:FTS) has declared the following dividends:
1. $0.340625 per share on the First Preference Shares, Series "C" of the Corporation, payable on June 1, 2007 to the Shareholders of Record at the close of business on May 4, 2007;
2. $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on June 1, 2007 to the Shareholders of Record at the close of business on May 4, 2007; and,
3. $0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on June 1, 2007 to the Shareholders of Record at the close of business on May 4, 2007.
Fortis is principally a diversified, international electric utility holding company with assets exceeding $5.4 billion and annual revenues of approximately $1.5 billion. Fortis has holdings in regulated electric distribution utilities in Alberta, British Columbia, Newfoundland, Ontario, Prince Edward Island, Belize, Grand Cayman and Turks and Caicos Islands. It has non-regulated generation operations in Belize, Ontario, Newfoundland, British Columbia and upper New York State. Fortis also has investments in real estate and hotels through its wholly owned non-utility subsidiary.
The Common Shares, First Preference Shares, Series C; First Preference Shares, Series E; and First Preference Shares, Series F of Fortis are traded on the Toronto Stock Exchange under the symbols FTS, FTS.PR.C, FTS.PR.E and FTS.PR.F, respectively. Fortis information can be accessed at www.fortisinc.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Fortis Inc.
Ms. Donna Hynes
Manager, Investor Relations
709-737-2800
709-737-5307 (FAX)
