<SEC-DOCUMENT>0001666175-24-000018.txt : 20240209
<SEC-HEADER>0001666175-24-000018.hdr.sgml : 20240209
<ACCEPTANCE-DATETIME>20240209060048
ACCESSION NUMBER:		0001666175-24-000018
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20231231
FILED AS OF DATE:		20240209
DATE AS OF CHANGE:		20240209

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fortis Inc.
		CENTRAL INDEX KEY:			0001666175
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				980352146
		STATE OF INCORPORATION:			A4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37915
		FILM NUMBER:		24610976

	BUSINESS ADDRESS:	
		STREET 1:		5 SPRINGDALE STREET
		STREET 2:		FORTIS PLACE, SUITE 1100
		CITY:			ST. JOHN'S
		STATE:			A4
		ZIP:			A1B 3T2
		BUSINESS PHONE:		709 737-2800

	MAIL ADDRESS:	
		STREET 1:		5 SPRINGDALE STREET
		STREET 2:		FORTIS PLACE, SUITE 1100
		CITY:			ST. JOHN'S
		STATE:			A4
		ZIP:			A1B 3T2
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a2023annualform6k.htm
<DESCRIPTION>6-K
<TEXT>
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<title>Document</title></head><body><div id="i9339dfc295f0470d8d8574e788d1a275_1"></div><div style="min-height:72pt;width:100%"><div style="-sec-extract:summary"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="9" style="padding:0 1pt"></td></tr></table></div></div><div style="-sec-extract:summary;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:18.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.964%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.964%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.966%"></td><td style="width:0.1%"></td></tr><tr style="height:6pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:right"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%">UNITED STATES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Washington, D.C. 20549</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:35.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.659%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">FORM 6-K </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:35.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.659%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REPORT OF FOREIGN PRIVATE ISSUER </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PURSUANT TO RULE&#160;13a-16 OR 15d-16</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">OF THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">For the month of February, 2024</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Commission File Number&#58; 001-37915</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:35.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.659%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:700;line-height:120%">Fortis Inc. </font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:35.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.659%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Fortis Place, Suite&#160;1100</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5 Springdale Street</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">St.&#160;John's, Newfoundland and Labrador</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Canada, A1E&#160;0E4 </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Address of Principal Executive Office)</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:35.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.659%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40F&#58; Form 20-F </font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">o</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Form 40-F </font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#254;</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="-sec-extract:summary;text-align:right"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="9" style="padding:0 1pt"></td></tr></table></div></div><div style="margin-bottom:9pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBITS</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:13.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:83.997%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Description</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="a2023annual-pressrelease.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.1</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="a2023annual-pressrelease.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Fortis Inc. Press Release dated February </a><a href="a2023annual-pressrelease.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">9</a><a href="a2023annual-pressrelease.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">, 202</a><a href="a2023annual-pressrelease.htm" style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font></div></td></tr></table></div><div style="margin-bottom:9pt;text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="-sec-extract:summary;text-align:right"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="9" style="padding:0 1pt"></td></tr></table></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</font></div><div><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font></div><div style="text-align:center;text-indent:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:47.856%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.886%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.602%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.534%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fortis Inc.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Registrant)</font></div><div><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; February 9, 2024</font></td><td colspan="15" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; James R. Reid</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58; </font></td><td colspan="6" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">James R. Reid</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title&#58;</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Executive Vice President, Sustainability and Chief Legal Officer</font></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a2023annual-pressrelease.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<!-- Document created using Wdesk -->
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<title>Document</title></head><body><div id="i184bbdb4a3c14fcd9a007f17442b6cab_1"></div><div style="min-height:72pt;width:100%"><div style="padding-left:360pt;text-indent:36pt"><font><br></font></div><div style="padding-left:396pt"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Poppins',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Exhibit 99.1</font></div><div><font><br></font></div></div><div><img alt="a2015annualmdafsnotes_imag.jpg" src="a2015annualmdafsnotes_imag.jpg" style="height:21px;margin-bottom:5pt;vertical-align:text-bottom;width:140px"></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">St. John's, NL - February&#160;9, 2024</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:12pt;font-weight:700;line-height:120%">FORTIS INC. REPORTS FOURTH QUARTER &#38; ANNUAL </font><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:14pt;font-weight:700;line-height:120%">2023</font><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:12pt;font-weight:700;line-height:120%"> RESULTS</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">This news release constitutes a &#34;Designated News Release&#34; incorporated by reference in the prospectus supplement </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fortis Inc. (&#34;Fortis&#34; or the &#34;Corporation&#34;) (TSX&#47;NYSE&#58; FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2023 fourth quarter and annual financial results</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:120%">Highlights</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.53pt">Reported annual net earnings of $1.5 billion, or $3.10 per common share for 2023</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.84pt">Annual adjusted net earnings per common share</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">2 </font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of $3.09, up from $2.78 for 2022</font></div><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:6.84pt">Capital expenditures</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> of $4.3 billion, yielding &#126;6% annual rate base growth</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">3</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.78pt">Sale of Aitken Creek closed in November 2023&#59; proceeds further strengthened the balance sheet</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.84pt">Achieved 50 years of common share dividend increases</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.53pt">Scope 1 emissions 33% below 2019 levels&#59; emissions reduction targets on track in support of 2050 net-zero goal</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:107%">&#34;We delivered another year of strong financial results reflecting the execution of our regulated growth strategy,&#34; said David Hutchens, President and Chief Executive Officer, Fortis Inc. &#34;Rate base growth and the conclusion of key regulatory proceedings supported year over year earnings growth. We invested $4.3 billion of capital to enhance reliability, modernize the grid and deliver cleaner energy for customers while further reducing our carbon footprint.&#34; </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:107%">&#34;Last year Fortis was proud to celebrate 50 consecutive years of increases in dividends paid to shareholders,&#34; said Mr. Hutchens. &#34;We remain focused on extending this track record as we execute our $25 billion five-year capital plan in support of our annual dividend growth guidance of 4-6% through 2028.&#34;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:115%">Sale of Aitken Creek</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On November 1, 2023, the sale of Aitken Creek closed for approximately $470 million including working capital and closing adjustments. The transaction reflected a March 31, 2023 effective date. Net proceeds from the transaction further strengthened the balance sheet and provided additional funding flexibility in support of our regulated utility growth strategy. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In accordance with U.S. GAAP, reported net earnings attributable to common equity shareholders (&#34;Net Earnings&#34;) includes the results for Aitken Creek until the November 1, 2023 date of disposition. Adjusted net earnings attributable to common equity shareholders</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:6.5pt;font-weight:400;line-height:115%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:115%"> (&#34;Adjusted Net Earnings&#34;) reflects results for Aitken Creek through the March 31, 2023 effective date.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:115%">Net Earnings</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Corporation reported Net Earnings of $1.5 billion, or $3.10 per common share for 2023, compared to $1.3 billion, or $2.78 per common share for 2022. Growth in earnings was primarily driven by rate base growth across our utilities and the new cost of capital parameters approved for FortisBC effective January 1, 2023. Higher earnings in Arizona also contributed to earnings growth, reflecting higher retail electricity sales, new customer rates at Tucson Electric Power (&#34;TEP&#34;) effective September 1, 2023, and lower depreciation expense associated with the retirement of the San Juan generating station in 2022. An increase in the market value of certain investments that support retirement benefits, and the higher U.S.-to-Canadian dollar exchange rate, also favourably impacted earnings year over year. The increase was partially offset by higher corporate finance costs and lower earnings associated with Aitken&#160;Creek. In addition, net earnings per common share reflected an increase in the weighted average number of common shares outstanding largely associated with the Corporation's dividend reinvestment plan.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:9pt;font-weight:400;line-height:115%">____________________________</font></div><div style="margin-top:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">1&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Financial information is presented in Canadian dollars unless otherwise specified.</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">2&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Non-U.S. GAAP Measures - Fortis uses financial measures that do not have a standardized meaning under generally accepted accounting principles in the United States of America (&#34;U.S. GAAP&#34;) and may not be comparable to similar measures presented by other entities. Fortis presents these non-U.S.&#160;GAAP measures because management and external stakeholders use them in evaluating the Corporation's financial performance and prospects. Refer to the Non-U.S. GAAP Reconciliation provided herein.</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">3&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Calculated using a constant U.S. dollar-to-Canadian dollar exchange rate.</font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.228%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">i</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:115%">For the fourth quarter of 2023, Net Earnings were $381&#160;million, or $0.78 per common share, compared to $370 million or $0.77 per common share for the same period in 2022. The increase was due to rate base growth, higher retail revenue in Arizona due to new customer rates at TEP, and the new cost of capital parameters at FortisBC. The increase was partially offset by lower earnings at Aitken Creek, due to the November 1, 2023 disposition, as well as the recognition of mark-to-market accounting gains on natural gas derivatives and margins on gas sold in the fourth quarter of 2022. Net earnings per common share was also impacted by an increase in the weighted average number of common shares.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:115%">Adjusted Net Earnings</font><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:6.5pt;font-weight:700;line-height:115%;position:relative;top:-3.5pt;vertical-align:baseline">2</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Adjusted Net Earnings of $1.5&#160;billion for 2023, or $3.09 per common share, were $173 million, or $0.31 per common share higher than 2022, largely due to the same factors discussed for Net Earnings. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the fourth quarter of 2023, Adjusted Net Earnings were $350 million, or $0.72 per common share, comparable with the same period in 2022. Adjusted Net Earnings for the fourth quarter of 2023 was unfavourably impacted by the timing of adjustments associated with the disposition of Aitken Creek, including $24 million, or $0.05 per common share, associated with the March 31, 2023 to November 1, 2023 stub period that was excluded from Adjusted Net Earnings upon close of the transaction in the fourth quarter. Excluding this adjustment, the increase in Adjusted Net Earnings for the fourth quarter was due mainly to rate base growth, higher retail revenue in Arizona associated with new customer rates at TEP, and the new cost of capital parameters at FortisBC.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:115%">Capital Expenditures</font><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:6.5pt;font-weight:700;line-height:115%;position:relative;top:-3.5pt;vertical-align:baseline">2</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Capital expenditures were $4.3 billion for 2023, in-line with the annual capital plan, and consisted of regulated investments mainly focused on system resiliency and grid modernization, including more than $700 million in cleaner energy investments. Capital expenditures increased midyear rate base to $37.0 billion, representing approximately 6% growth over 2022</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">3</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Corporation's 2024-2028 capital plan totals $25 billion, $2.7&#160;billion higher than the previous five-year plan. The increase is driven by organic growth, reflecting regional transmission projects at ITC associated with tranche one of the Midcontinent Independent System Operator (&#34;MISO&#34;) long-range transmission plan (&#34;LRTP&#34;), as well as investments in Arizona to support TEP's exit from coal. Investments supporting system adaptation and resiliency, customer growth and economic development are also driving capital growth across the Corporation's regulated utilities.</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:8pt;font-weight:400;line-height:112%"> </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The five-year capital plan is expected to be funded primarily by cash from operations and regulated utility debt, with common equity proceeds expected to be sourced from the Corporation's dividend reinvestment plan and at-the-market common equity program.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">FortisBC Energy's total anticipated investment in the Eagle Mountain Woodfibre Gas Line project has increased to $750 million, net of customer contributions, as compared to $420 million previously expected. The increase was due to amendments to previous construction, transportation and other commercial agreements with Woodfibre LNG Limited and other partners, and has been approved by the British Columbia Utilities Commission. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:115%">Regulatory Updates</font><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:3pt;font-weight:700;line-height:115%"> </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In December 2023, the Iowa District Court ruled that the manner in which Iowa's right of first refusal (&#34;ROFR&#34;) statute was passed is unconstitutional and issued a permanent injunction preventing ITC and others from taking further action to construct the MISO LRTP tranche one Iowa projects in reliance on the ROFR. ITC has filed for reconsideration of the District Court&#8217;s decision with respect to the scope of the injunction. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">MISO's decision with respect to the assignment of the tranche one LRTP projects was finalized in July 2022, and we believe it is unlikely that MISO will change this designation. In addition, under the MISO tariff, approximately 70% of the Iowa tranche one projects are upgrades to ITC facilities along existing rights-of-way, which under MISO's tariff grants ITC the option to construct the upgrades regardless of the outcome of the ROFR legislation. The Corporation's 2024-2028 capital plan includes US$900 million associated with the first tranche of MISO's LRTP in Iowa. The timing and outcome of the filing for reconsideration, and any other subsequent legal proceedings, as well as the impact on the five-year capital plan and the potential for future projects, is unknown. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-top:3pt;text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In January 2024, the Arizona Corporation Commission issued a decision on UNS Electric's general rate application approving a 9.75% rate of return on common equity and a 53.72% common equity component of capital structure. The decision also approved the System Reliability Benefit mechanism which allows UNS Electric to recover qualifying generation and energy storage investments between rate cases subject to an annual cap and earnings test. New customer rates became effective on February&#160;1,&#160;2024.</font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.228%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ii</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:112%">Focused on Reducing Carbon Emissions</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Fortis achieved a 33% reduction in Scope 1 emissions through 2023 compared to 2019 levels. Continued progress in Arizona, including the commencement of seasonal operations at the Springerville generating station, and the retirement of the San Juan generating station in 2022, were the key drivers of the incremental decrease in greenhouse gas (&#34;GHG&#34;) emissions in 2023. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In November 2023, TEP filed an Integrated Resource Plan calling for over 3,500 megawatts of renewable generation and energy storage and 400 megawatts of hydrogen ready natural gas generation. TEP continues to expect that it will complete its exit from coal-fired generation by 2032. Fortis remains on track to achieve our corporate-wide targets to reduce direct GHG emissions by 50% by 2030 and 75% by 2035 from a 2019 base year, as well as our 2050 net-zero direct GHG emissions target.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As we transition to a cleaner energy future, customer affordability, safety and reliability remain top priorities. Fortis utilities continue to focus on controlling costs, identifying efficiencies and implementing innovative practices to maintain affordability.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.014%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.957%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:115%">Non-U.S. GAAP Reconciliation</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Periods ended December 31</font></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font 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1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2023</font><font style="color:#000000;font-family:'Myriad Pro',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#b8cce4;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro 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style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#b9cde5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(15)</font></td><td style="background-color:#b9cde5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unrealized loss (gain) on mark-to-market of derivatives</font><font style="color:#000000;font-family:'Myriad Pro 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0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revaluation of deferred income tax assets</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">6</font></div></td><td colspan="2" style="background-color:#b8cce4;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad 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style="background-color:#b9cde5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9</font><font style="color:#000000;font-family:'Myriad Pro',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#b9cde5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 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0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#b9cde5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Myriad 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style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:9pt;font-weight:400;line-height:115%">_________________________________</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">4</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;Aitken Creek was sold on November 1, 2023, with a March 31, 2023 effective date. For the twelve month period ended December 31, 2023, the adjustment represents&#58; (i) the $10 million gain on disposition, net of income tax expense of $13 million&#59; and (ii) $5 million of net earnings at Aitken&#160;Creek, recognized in accordance with U.S. GAAP, during the March 31, 2023 to November 1, 2023 stub period, net of income tax expense of $2&#160;million. For the three-month period ended December 31, 2023, this adjustment represents&#58; (i) the $10&#160;million gain on disposition, as noted above&#59; and (ii) $21 million of stub period earnings at Aitken Creek, net of income tax expense of $9&#160;million, including amounts initially included in Adjusted Net Earnings in the second and third quarters of 2023 prior to the close of the transaction. </font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">5</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;Represents timing differences related to the accounting of natural gas derivatives at Aitken Creek through the March 31, 2023 effective date of disposition, net of income tax recovery of $1&#160;million in 2023 (net of income tax expense of $8 million and $7&#160;million for the three and twelve months ended December 31, 2022, respectively).</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">6&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">Represents the revaluation of deferred income tax assets resulting from the reduction in the corporate income tax rate in the state of Iowa.</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">7</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;Represents costs incurred upon the suspension of the Lake Erie Connector project, net of income tax recovery of $4 million.</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:5.52pt;font-weight:400;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline">8</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;Represents Fortis' 39% share of capital spending for the Wataynikaneyap Transmission Power Project.</font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.228%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%">iii</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:115%">Outlook</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fortis continues to enhance shareholder value through the execution of its capital plan, the balance and strength of its diversified portfolio of regulated utility businesses, and growth opportunities within and proximate to its service territories. The Corporation's $25 billion five-year capital plan is expected to increase midyear rate base from $37.0&#160;billion in 2023 to $49.4&#160;billion by 2028, translating into a five-year compound annual growth rate of 6.3%</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">3</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beyond the five-year capital plan, additional opportunities to expand and extend growth include&#58; further expansion of the electric transmission grid in the U.S. to facilitate the interconnection of cleaner energy, including infrastructure investments associated with the Inflation Reduction Act of 2022 and the MISO LRTP&#59; climate adaptation and grid resiliency investments&#59; renewable natural gas solutions and liquefied natural gas infrastructure in British Columbia&#59; and the acceleration of cleaner energy infrastructure investments across our jurisdictions.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fortis expects its long-term growth in rate base will drive earnings that support dividend growth guidance of 4-6% annually through 2028, and is premised on the assumptions and material factors listed under &#34;Forward-Looking Information&#34;. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:120%">About Fortis</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2023 revenue of $12 billion and total assets of $66 billion as at December 31, 2023. The&#160;Corporation's 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:120%">Forward-Looking Information</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Fortis includes forward-looking information in this media release within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively referred to as &#34;forward-looking information&#34;). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as anticipates, believes, budgets, could, estimates, expects, forecasts, intends, may, might, plans, projects, schedule, should, target, will, would, and the negative of these terms, and other similar terminology or expressions, have been used to identify the forward-looking information, which includes, without limitation&#58; forecast capital expenditures for 2024-2028&#59; annual dividend growth guidance through 2028&#59; the nature, timing, benefits and expected costs of certain capital projects, including ITC's transmission projects associated with tranche one of the MISO LRTP and investments in Arizona to support TEP's exit from coal&#59; the expected sources of funding for the 2024-2028 capital plan&#59; the expected sources of common equity proceeds&#59; FortisBC Energy's anticipated investment in the Eagle Mountain Woodfibre Gas Line project&#59; the expected timing, outcome and impact of legal and regulatory proceedings and decisions&#59; TEP's 2023 Integrated Resource Plan, including planned additions of renewable generation, energy storage and hydrogen ready natural gas&#59; the expectation that TEP will exit from coal-fired generation by 2032&#59; the 2030 and 2035 direct GHG emissions reduction targets&#59; the 2050 net-zero direct GHG emissions target&#59; forecast rate base and rate base growth through 2028&#59; the nature, timing, benefits and expected costs of additional opportunities beyond the capital plan, including investments related to the Inflation Reduction Act of 2022, the MISO LRTP, climate adaptation and grid resiliency, renewable natural gas solutions and liquefied natural gas infrastructure in British Columbia, and other cleaner energy infrastructure&#59; and the expectation that long-term growth in rate base will drive earnings that support dividend growth guidance of 4-6% annually through 2028.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Forward-looking information involves significant risks, uncertainties and assumptions. Certain material factors or assumptions have been applied in drawing the conclusions contained in the forward-looking information, including, without limitation&#58; reasonable outcomes for legal and regulatory proceedings and the expectation of regulatory stability&#59; the successful execution of the capital plan&#59; no material capital project and financing cost overrun&#59; sufficient human resources to deliver service and execute the capital plan&#59; the realization of additional opportunities beyond the capital plan&#59; no significant variability in interest rates&#59; no material changes in the assumed U.S. dollar to Canadian dollar exchange rate&#59; and the Board exercising its discretion to declare dividends, taking into account the business performance and financial condition of the Corporation. Fortis cautions readers that a number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. For additional information with respect to certain risk factors, reference should be made to the continuous disclosure materials filed from time to time by the Corporation with Canadian securities regulatory authorities and the Securities and Exchange Commission. All forward-looking information herein is given as of the date of this media release. Fortis disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.228%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%">iv</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:120%">Teleconference to Discuss 2023 Annual Results</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A teleconference and webcast will be held on February 9, 2024 at 8&#58;30&#160;a.m. (Eastern). David Hutchens, President and Chief&#160;Executive Officer and Jocelyn Perry, Executive Vice President and Chief&#160;Financial Officer, will discuss the Corporation's 2023 annual results.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Shareholders, analysts, members of the media and other interested parties are invited to listen to the teleconference via the live webcast on the Corporation's website, </font><font style="color:#00497f;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">https&#58;&#47;&#47;www.fortisinc.com&#47;investor-relations&#47;events-and-presentations</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Those members of the financial community in North America wishing to ask questions during the call are invited to participate toll free by calling 1.888.886.7786 while those outside of North America can participate by calling 1.416.764.8658. Please dial in 10&#160;minutes prior to the start of the call. No passcode is required.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:112%">An archived audio webcast of the teleconference will be available on the Corporation's website two hours after the conclusion of the call until March 9, 2024. Please call 1.877.674.7070 or 1.416.764.8692 and enter passcode 045834#.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:120%">Additional Information</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This news release should be read in conjunction with the Corporation's Management Discussion and Analysis and Consolidated Financial Statements. This and additional information can be accessed at </font><font style="color:#00497f;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.fortisinc.com</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, </font><font style="color:#00497f;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.sedarplus.ca</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, or </font><font style="color:#00497f;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.sec.gov</font><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">For more information, please contact&#58;</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.618%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.182%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:100%">Investor Enquiries&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Merriweather Black',serif;font-size:10pt;font-weight:700;line-height:100%">Media Enquiries&#58;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ms. Stephanie Amaimo</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ms. Karen McCarthy</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vice President, Investor Relations</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Vice President, Communications &#38; Government Relations</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fortis Inc.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fortis Inc.</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">248.946.3572</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">709.737.5323</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">investorrelations&#64;fortisinc.com</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Myriad Pro Light',sans-serif;font-size:10pt;font-weight:400;line-height:100%">media&#64;fortisinc.com</font></td></tr></table></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.228%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%">v</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div></div></body></html>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
