Fortis Inc. Announces $32.2 Billion Five-Year Capital Plan and Long-Term Dividend Growth Targets
Fortis Inc. (FTS) has unveiled a comprehensive five-year capital plan totaling $32.2 billion, aimed at driving a 7.5% compound annual growth rate (CAGR) in its regulated rate base. The utility company also committed to maintaining dividend growth within the 4% to 6% range through 2031, signaling long-term stability for shareholders. During the Q3 2026 earnings call, CEO David Hutchens characterized the period as exceptionally productive, noting that year-to-date investments have already reached $4.2 billion. The company expects total full-year investments to reach approximately $6 billion, representing a $400 million increase over previous projections.
Tickers: $FTS
Topics: capital expenditure CEO commentary earnings call investment strategy
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