Strong Earnings Growth
Fortis reported second quarter earnings per share of $0.76, a $0.09 increase from the same period last year. Year-to-date EPS was $1.76, reflecting a $0.16 increase over the prior year.
Significant Capital Expenditures
Capital expenditures of almost $3 billion were made during the first half of the year, supporting Fortis' core objective of delivering safe and reliable energy.
Sustainability Progress
Fortis achieved a 34% reduction in Scope 1 greenhouse gas emissions compared to 2019 levels, and the first phase of the Roadrunner Reserve Battery Storage Project commenced operation.
Regulatory Progress
Tucson Electric Power filed its general rate application, and Central Hudson reached a multiyear rate settlement agreement.
Dividend Growth Commitment
Fortis remains committed to its annual dividend growth guidance of 4% to 6% through 2029.