Description
(AWP Alliance News) - Fortis unveiled a CAD 32.2 billion capital plan for 2027-2031, up CAD 3.4 billion from its previous plan, at its November 3 third-quarter 2026 earnings call attended by CEO David Gerard Hutchens, CFO Jocelyn H. Perry and subsidiary executives. Management raised its projected five-year rate-base compound annual growth rate to 7.5%, driven largely by transmission and LNG investments.
The board increased the quarterly dividend 4% to CAD 0.665 per share; annual dividend growth guidance of 4% to 6% was extended through 2031. Perry outlined approximately CAD 250 million of ATM equity issuance over the next 12 months, subject to market conditions. Hutchens clarified that the capital plan excludes additional Arizona data-center growth investments, with TEP's high-growth scenario representing up to USD 1.5 billion of incremental investment opportunities.
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Disclaimer: This news brief was created using generative artificial intelligence. Fortis Inc. published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.
