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Fortis Inc T.FTS

Alternate Symbol(s):  T.FTS.P.K | T.FTS.P.M | FTRSF | FRTSF | FTS | FTPSF | T.FTS.P.F | T.FTS.P.G | T.FTS.P.H | FORFF | T.FTS.P.I | T.FTS.P.J

Utilities Utilities - Diversified
Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. The Company's regulated utility businesses includes ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which primarily includes Tucson Electric Power Company (TEP), UNS Electric, Inc. and UNS Gas, Inc.; CH Energy Group, Inc, which primarily includes Central Hudson Gas and Electric Corporation; FortisBC Energy Inc.; FortisAlberta Inc. and FortisBC Inc. The Company’s non-regulated businesses include energy infrastructure and corporate and other.


TSX:FTS - Post by User

Fortis Inc
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Post by puffdragon699on May 16, 2020 12:28pm
426 Views
Post# 31037931

Fortis expects stronger US dollar to offset some coronavirus

Fortis expects stronger US dollar to offset some coronavirus"Overall, our utilities that are exposed to changes in sales have seen an approximately 3% decline one month into the pandemic, and that's for the period between mid-March and mid-April."If the reduction in sales holds at that level, it would translate to a negative impact of about 3 Canadian cents per share on the company's stock, CFO Jocelyn Perry said. "One could potentially argue that the tailwind with foreign exchange could certainly mute the impact of any variance that we see as a result of lower sales in those jurisdictions."

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/fortis-expects-stronger-us-dollar-to-offset-some-coronavirus-related-declines-58480999

ATH was $59ish......so stock s/b trading around $56ish.




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