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Fortis Inc. Reports 2020 Results
FortisFebruary 12, 2021 GMT
ST. JOHN’S, Newfoundland and Labrador, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2020 fourth quarter and annual financial results1 today.
Highlights
Reported annual net earnings of $1,209 million, or $2.60 per common share in 2020
Delivered adjusted net earnings2 of $1,195 million, or $2.57 per common share, up from $1,115 million, or $2.55 per common share in 2019
Executed record capital expenditures of $4.2 billion yielding annual rate base growth of 8.2%3