On December 9, 2024, Fortis Inc. announced and closed a CAD 500 million equity offering of common shares under an at-the-market distribution. The offering was facilitated by Canadian agents CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc., alongside U.S. agents CIBC World Markets Corp., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., and TD Securities (USA) LLC.

Proceeds from the offering will be used for general corporate purposes, including debt reduction and investment in short-term marketable securities. Legal counsel included Davies Ward Phillips & Vineberg LLP for Fortis and Stikeman Elliott LLP for the agents. The common shares are listed on the TSX and NYSE, subject to regulatory approvals.