Fortis Inc. Announces Second Quarter Dividends-2009

03/11/2009 12:39 EST

St. John's, NL – March 11, 2009

FORTIS ANNOUNCES SECOND 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 June 1, 2009 to the Common Shareholders of Record at the close of business on May 8, 2009;

     

  2. 2. $0.340625 per share on the First Preference Shares, Series “C” of the Corporation, payable on June 1, 2009 to the Shareholders of Record at the close of business on May 8, 2009;

     

  3. 3. $0.3063 per share on the First Preference Shares, Series “E” of the Corporation, payable on June 1, 2009 to the Shareholders of Record at the close of business on May 8, 2009;

     

  4. 4. $0.3063 per share on the First Preference Shares, Series “F” of the Corporation, payable on June 1, 2009 to the Shareholders of Record at the close of business on May 8, 2009; and,

     

  5. 5. $0.3281 per share on the First Preference Shares, Series “G” of the Corporation, payable on June 1, 2009 to the Shareholders of Record at the close of business on May 8, 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 exceeding $11 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 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.

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

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