Newfoundland Power Declares Dividends on Series A, B, D and G First Preference Shares

08/06/2009 08:55 EST

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR - Newfoundland Power Inc. has declared
regular quarterly dividends on its Series A, B, D and G First Preference
Shares as follows: 1. a dividend of $0.1375 per share on the issued and outstanding 5 1/2 %
Cumulative Redeemable First Preference Share Series A of the Company for
the quarter ending October 31st, 2009, be and is hereby declared payable
November 1st, 2009 to the Series A First Preference Shareholders of Record
at the close of business October 16th, 2009 2. a dividend of $0.13125 per share on the issued and outstanding 5 1/4 %
Cumulative Redeemable First Preference Share Series B of the Company for
the quarter ending October 31st, 2009, be and is hereby declared payable
November 1st, 2009 to the Series B First Preference Shareholders of
Record at the close of business October 16th, 2009; 3. a dividend of $0.18125 per share on the issued and outstanding 7 1/4 %
Cumulative Redeemable First Preference Share Series D of the Company for
the quarter ending November 30th, 2009, be and is hereby declared
payable December 1st, 2009 to the Series D First Preference Shareholders
of Record at the close of business November 13th, 2009; and, 4. a dividend of $0.19 per share on the issued and outstanding 7.60%
Cumulative Redeemable First Preference Share Series G of the Company
for the quarter ending September 30th, 2009, be and is hereby declared
payable October 1st, 2009 to the Series G First Preference Shareholders
of Record at the close of business September 11th, 2009. 5. the dividends hereby declared payable be and are hereby designated
as eligible dividends within the meaning of s.89(1) of the Income Tax
Act (Canada). All the common shares of Newfoundland Power Inc. are owned by
Fortis Inc., 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. With a customer base of over 237,000 accounts, Newfoundland Power is
committed to safety and dedicated to providing the highest level of
customer service and reliability of electricity in the most
cost-efficient manner possible. For more information on Newfoundland
Power's programs, services and community partnerships, please visit
newfoundlandpower.com.
Newfoundland Power Inc. Ms. Jocelyn Perry Vice President, Finance & Chief Financial Officer 709-737-2812 709-737-5300 (FAX)

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