Fortis (TSE:FTS) has released an update.
Fortis Inc. has reported a solid start to 2024 with first-quarter net earnings rising to $459 million, up from $437 million in 2023, while maintaining their annual capital plan of $4.8 billion. The company highlighted their commitment to a sustainable future with the release of their 2024 Climate Report and ongoing projects such as the Tilbury Marine Jetty supporting LNG expansion. This performance is attributed to new cost of capital parameters and rate base growth, despite higher holding company costs and the sale of Aitken Creek.
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