ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Sept. 27, 2007) - Today, the Board of Directors of Fortis Inc. (the "Corporation") (TSX:FTS) has declared the following dividends:
1. $0.21 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on December 1, 2007 to the Common Shareholders of Record at the close of business on November 9, 2007;
2. $0.340625 per share on the First Preference Shares, Series "C" of the Corporation, payable on December 1, 2007 to the Shareholders of Record at the close of business on November 9, 2007;
3. $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on December 1, 2007 to the Shareholders of Record at the close of business on November 9, 2007; and,
4. $0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on December 1, 2007 to the Shareholders of Record at the close of business on November 9, 2007.
Fortis Inc., the largest investor-owned distribution utility in Canada, serves almost 2,000,000 gas and electric customers and has approximately $10 billion of assets. Its regulated holdings include a natural gas utility in British Columbia, Canada and electric utilities in five Canadian provinces and three Caribbean countries. Fortis Inc. owns non-regulated hydroelectric generation assets across Canada and in Belize and upper New York State. It also owns hotels and commercial real estate in Canada. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.
FOR FURTHER INFORMATION PLEASE CONTACT:
Fortis Inc.
Ms. Donna Hynes
Manager, Investor Relations
709-737-2800
709-737-5307 (FAX)
