Fortis announces five-year capital plan of C$26B

Fortis (FTS) continues to enhance shareholder value through the execution of its capital plan, the balance and strength of its diversified portfolio of regulated utility businesses, and growth opportunities within and proximate to its service territories. The corporation’s C$26B five-year capital plan is expected to increase midyear rate base from C$39B in 2024 to C$53B by 2029, translating into a five-year compound annual growth rate of 6.5%.