The Board of Directors of Fortis Inc. has declared the dividends: $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on 1 September 2013 to the Shareholders of Record at the close of business on 16 August 2013; $0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on 1 September 2013 to the Shareholders of Record at the close of business on 16 August 2013; $0.3281 per share on the First Preference Shares, Series "G" of the Corporation, payable on 1 September 2013 to the Shareholders of Record at the close of business on 16 August 2013; $0.2656 per share on the First Preference Shares, Series "H" of the Corporation, payable on 1 September 2013 to the Shareholders of Record at the close of business on 16 August 2013; $0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on 1 September 2013 to the Shareholders of Record at the close of business on 16 August 2013; and $0.31 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on 1 September 2013 to the Common Shareholders of record at the close of business on 16 August 2013. The company has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.

Fortis Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, revenue was CAD 1,113 million against CAD 1,149 million a year ago. Operating income was CAD 258 million against CAD 250 million a year ago. Earnings before income taxes and extraordinary item were CAD 175 million against CAD 156 million a year ago. Net earnings attributable to common equity shareholders were CAD 151 million or CAD 0.76 per diluted share against CAD 121 million or CAD 0.62 per diluted share a year ago. Cash flow from operating activities was CAD 280 million against CAD 328 million a year ago. Capital expenditures - utility capital assets was CAD 230 million against CAD 211 million a year ago. Capital expenditures - income producing properties was CAD 13 million against CAD 5 million a year ago. Capital expenditures - intangible assets was CAD 7 million against CAD 13 million a year ago. Earnings for the quarter were favorably impacted by an extraordinary gain of approximately CAD 22 million net of tax, or CAD 0.12 per common share, related to the settlement of all matters, including release from all debt obligations, pertaining to the Government of Newfoundland and Labrador's December 2008 expropriation of non-regulated hydroelectric generating assets and water rights in central Newfoundland, then owned by Exploits River Hydro Partnership (Exploits Partnership) in which Fortis holds an indirect 51% interest. The Corporation's capital program is expected to total CAD 1.3 billion in 2013. Over the five years 2013 through 2017, the Corporation's capital program, including expenditures at Central Hudson Gas & Electric Corporation (Central Hudson), is expected to total approximately CAD 6 billion.

Fortis Inc. announced that it has reached a settlement with the Government of Newfoundland and Labrador pertaining to all matters arising from the December 2008 expropriation of non-regulated hydroelectric generating assets and water rights in central Newfoundland, then owned by the Exploits River Hydro Partnership in which Fortis holds an indirect 51% interest through Fortis Properties Corporation. The settlement values Fortis interest at approximately $22 million, after tax, which will be recognized in the first quarter of 2013. Fortis is the investor-owned distribution utility in Canada, with total assets of approximately $15 billion and fiscal 2012 revenue totaling $3.7 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 two Caribbean countries and a natural gas utility in British Columbia, Canada. Fortis owns and operates non-regulated generation assets in Canada, Belize and Upstate New York. It also owns hotels and commercial office and retail space in Canada.