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Fortis Boosts Five-Year Capital Plan

Fortis Boosts Five-Year Capital Plan

September 20, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Fortis Incorporated (NYSE:FTS) (St. Johns, Newfoundland) is increasing its planned capital investment for the next five years, as it adds gas-fired and renewable generation in the U.S. and Canada and works on transmission and distribution (T&D) improvements. Industrial Info is tracking US$9.3 billion worth of active projects from Fortis, about US$5.9 billion of which is attributed to Power Industry projects.