Fortis Announces Executive Appointments - Seite 3

"The Fortis approach to operating standalone businesses, with separate management teams and Boards in each jurisdiction, will continue," says Perry.

The Board of Directors of FortisAlberta announced today that Phonse Delaney, EVP, Operations, Engineering and Information Technology, FortisAlberta, will succeed Karl Smith as President and CEO of FortisAlberta, effective June 30, 2014. FortisBC and Newfoundland Power are expected to make announcements in the near future regarding the upcoming appointments to the President and CEO position at their respective companies.

"Stan and I congratulate Karl, John, Earl and Phonse on their new roles with the organization, and we look forward to their continuing contribution to the success of Fortis," says Perry.

"This is a very exciting time for Fortis," continues Perry. "Our consolidated capital program is expected to exceed $8 billion for the five-year period through 2018. Contributions from our U.S. utility acquisitions and our capital program, including the completion of the Waneta Expansion in 2015 and the Tilbury LNG facility expansion in 2016, will support continuing growth in earnings per common share," he concludes.

About Fortis

Fortis is the largest investor-owned distribution utility in Canada, with total assets of approximately $18.6 billion and fiscal 2013 revenue exceeding $4 billion. Its regulated utilities account for approximately 90% of total assets and serve approximately 2.5 million customers across Canada and in New York State and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation's non-utility investment is comprised of hotels and commercial real estate in Canada.

For more information, visit www.fortisinc.com or www.sedar.com.

Fortis includes forward-looking information in this material within the meaning of applicable securities laws in Canada ("forward-looking information"). The purpose of the forward-looking information is to provide management's expectations regarding the Corporation's future growth, results of operations, performance, business prospects and opportunities, and it may not be appropriate for other purposes. All forward-looking information is given pursuant to the safe harbour provisions of applicable Canadian securities legislation. The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. The forward-looking information reflects management's current beliefs and is based on assumptions developed using information currently available to the Corporation's management. Although Fortis believes that the forward-looking statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties. For additional information on risk factors that have the potential to affect the Corporation, reference should be made to the Corporation's continuous disclosure materials filed from time to time with Canadian securities regulatory authorities and to the heading "Business Risk Management" in the Corporation's annual and quarterly Management Discussion and Analysis. Except as required by law, the Corporation undertakes no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise after the date hereof.

Ms. Donna Hynes
Manager, Investor & Public Relations
Fortis Inc.
709.737.2800