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Investor Centre
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Fortis Inc. (“Fortis” or the “Corporation”) includes forward-looking
information in this material within the meaning of applicable securities laws
in Canada (“forward-looking information”). The
purpose of the forward-looking information is to provide management’s
expectations regarding the Corporation’s future growth, results of operations,
performance, business prospects and opportunities and may not be appropriate
for other purposes. All forward-looking
information is given pursuant to the “safe harbour” provisions of applicable
Canadian securities legislation. The words
“anticipates”, “believes”, “could”, “estimates”, “expects”, “forecasts”,
“intends”, “may”, “might”, “plans”, “projects”, “schedule”, “should”, “will”,
“would” and similar expressions are often intended to identify forward-looking
information, although not all forward-looking information contains these
identifying words. The forward-looking information reflects management’s current beliefs
and is based on information currently available to
the Corporation’s management. The forecasts and projections that make up the forward-looking
information are based on assumptions which include, but are not limited to: the receipt of
applicable regulatory approvals and requested rate orders; no significant
operational disruptions or environmental liability due to a catastrophic event
or environmental upset caused by severe weather, other acts of nature or other
major events; the Corporation’s ability to maintain its gas and electricity
systems to ensure their continued performance; the competitiveness of natural
gas pricing when compared with electricity and other alternative sources of
energy; the availability of natural gas supply; favourable economic conditions;
the level of interest rates; the ability to hedge certain risks; no
counterparty defaults; access to capital; maintenance of adequate insurance
coverage; the ability to obtain licences and permits; the level of energy
prices; retention of existing service areas; favourable labour relations; and
sufficient human resources to deliver service and execute the capital
program. The forward-looking information is subject to risks, uncertainties and other factors that could cause actual
results to differ materially from historical results or results anticipated by
the forward-looking information. The factors which could cause results or events to differ from current expectations
include, but are not limited to: regulation; operating and maintenance risks;
natural gas prices and supply; economic conditions; weather and seasonality;
interest rates; changes in tax legislation; derivative financial instruments
and hedging; counterparty risk; risks related to Terasen Gas (Vancouver Island)
Inc.; capital resources; environment; insurance; licences and permits; energy
prices and the cessation of the Niagara Exchange Agreement; loss of service
area; First Nations Lands; labour relations; human resources; and
liquidity risk. For additional information with respect to the Corporation’s risk factors, reference should be
made to the Corporation’s continuous disclosure materials filed from time to
time with Canadian securities regulatory authorities and to the heading
“Business Risk Management” in the Corporation’s annual and quarterly Management
Discussion and Analysis. All forward-looking information in this material is qualified in its
entirety by the above cautionary statements and, except as required by law, the
Corporation undertakes no obligation to revise or update any forward-looking
information as a result of new information, future events or otherwise after
the date hereof. |
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