Fortis Announces Third Quarter Dividends-2009

05/04/2009 10:17 EST

St. John's, NL – May 4, 2009

FORTIS ANNOUNCES THIRD QUARTER DIVIDENDS – 2009

Today, the Board of Directors of Fortis Inc. (the “Corporation”) (TSX:FTS) has declared the following dividends:

  1. 1. $0.26 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on September 1, 2009 to the Common Shareholders of Record at the close of business on August 7, 2009;

     

  2. 2. $0.340625 per share on the First Preference Shares, Series “C” of the Corporation, payable on September 1, 2009 to the Shareholders of Record at the close of business on August 7, 2009;

     

  3. 3. $0.3063 per share on the First Preference Shares, Series “E” of the Corporation, payable on September 1, 2009 to the Shareholders of Record at the close of business on August 7, 2009;

     

  4. 4. $0.3063 per share on the First Preference Shares, Series “F” of the Corporation, payable on September 1, 2009 to the Shareholders of Record at the close of business on August 7, 2009; and

     

  5. 5. $0.3281 per share on the First Preference Shares, Series “G” of the Corporation, payable on September 1, 2009 to the Shareholders of Record at the close of business on August 7, 2009.

The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.

Fortis Inc. is the largest investor-owned distribution utility in Canada.  With total assets approaching $12 billion and annual revenues totalling $3.9 billion, the Corporation serves more than 2,000,000 gas and electricity customers.  Its regulated holdings include electric distribution utilities in five Canadian provinces and three Caribbean countries and a natural gas utility in British Columbia.  Fortis owns and operates non‑regulated generation assets across Canada and in Belize and Upper New York State.  It also owns hotels and commercial real estate across Canada.  Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.  Additional information can be accessed at www.fortisinc.com or www.sedar.com.

Fortis Inc. Ms. Donna Hynes Manager, Investor Relations 709-737-2800 709-737-5307 (FAX)

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