Fortis Inc.


Issuer: Fortis Inc
Offering type: Common share new issue
Issue size: $345 million
Price: $25.65 per share
Annual Dividend: $1.00
Dividen Yield: 3.90%
RRSP Eligible: Yes
Closing Date: December 19, 2008
Company description: Fortis Inc. is the largest investor-owned distribution utility in Canada, serving more than 2,000,000 gas and electricity customers. Its regulated holdings include a natural gas utility in British Columbia (Terasen Gas) and electric utilities in 5 Canadian provinces and 3 Caribbean countries. It owns non-regulated hydroelectric generation assets across Canada and in Belize and upper New York State. It also owns hotels and commercial real estate in Canada.
Website: www.fortis.ca