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Common Shares
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Common Shares
COMMON SHARES

Common shares issued during the year were as follows.

 
2016
2015
 
Number

 
Number

 
 
of Shares

Amount

of Shares

Amount

 
(in thousands)

(in millions)

(in thousands)

(in millions)

Balance, beginning of year
281,562

$
5,867

275,997

$
5,667

Public Offering
114,364

4,684

—

—

Dividend Reinvestment Plan
4,100

163

4,272

157

Consumer Share Purchase Plan
31

1

28

1

Employee Share Purchase Plan
377

15

356

13

Stock Option Plans
1,042

32

885

28

Conversion of Convertible Debentures
10

—

24

1

Balance, end of year
401,486

$
10,762

281,562

$
5,867



Public Offering
To finance a portion of the acquisition of ITC, in October 2016 Fortis issued approximately 114.4 million common shares to shareholders of ITC, representing share consideration of approximately $4.7 billion (US$3.5 billion), based on the closing price for Fortis common shares of $40.96 and the closing foreign exchange rate of US$1.00=CAD$1.32 on October 13, 2016 (Note 27).