Fortis Inc. Announces First Quarter Dividends-2013: Increases

Fortis Inc. Announces First Quarter Dividends-2013: Increases
Quarterly Common Share Dividend by 3.3 per Cent, Marks 40 Consecutive
Years of Annual Common Share Dividend Payment Increases 
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwire) -- 12/11/12 --
The Board of Directors of Fortis Inc. (the "Corporation") (TSX:FTS)
has declared a common share dividend of $0.31 per share on the issued
and outstanding fully paid Common Shares of the Corporation, payable
on March 1, 2013 to the Common Shareholders of Record at the close of
business on February 14, 2013. 
The 3.3 per cent increase in the quarterly common share dividend to
$0.31 from $0.30 extends the Corporation's record of annual common
share dividend payment increases to 40 consecutive years, the longest
record of any public corporation in Canada. 
The Board of Directors also declared the following dividends on its
First Preference Shares: 


 
1.  $0.340625 per share on the First Preference Shares, Series "C" of the
    Corporation, payable on March 1, 2013 to the Shareholders of Record at
    the close of business on February 14, 2013;
 
2.  $0.3063 per share on the First Preference Shares, Series "E" of the
    Corporation, payable on March 1, 2013 to the Shareholders of Record at
    the close of business on February 14, 2013; 
 
3.  $0.3063 per share on the First Preference Shares, Series "F" of the
    Corporation, payable on March 1, 2013 to the Shareholders of Record at
    the close of business on February 14, 2013;
 
4.  $0.3281 per share on the First Preference Shares, Series "G" of the
    Corporation, payable on March 1, 2013 to the Shareholders of Record at
    the close of business on February 14, 2013; 
 
5.  $0.2656 per share on the First Preference Shares, Series "H" of the
    Corporation, payable on March 1, 2013 to the Shareholders of Record at
    the close of business on February 14, 2013; and
 
6.  $0.35137 per share on the First Preference Shares, Series "J" of the
    Corporation, payable on March 1, 2013 to the Shareholders of Record at
    the close of business on February 14, 2013.

 
Fortis has designated the common share dividend and preference share
dividends as eligible dividends for federal and provincial dividend
tax credit purposes. 
Fortis is the largest investor-owned distribution utility in Canada,
with total assets of more than $14 billion and fiscal 2011 revenue
totalling approximately $3.7 billion. The Corporation serves more
than 2,000,000 gas and electricity customers. Its regulated holdings
include electric distribution utilities in five Canadian provinces
and two Caribbean countries and a natural gas utility in British
Columbia, Canada. Fortis owns and operates non-regulated generation
assets across Canada and in Belize and Upstate New York. It also owns
hotels and commercial office and retail space in Canada.  
The Common Shares; First Preference Shares, Series C; First
Preference Shares, Series E; First Preference Shares, Series F; First
Preference Shares, Series G; First Preference Shares, Series H; First
Preference Shares, Series J; and Subscription Receipts of Fortis are
traded on the Toronto Stock Exchange under the symbols FTS, FTS.PR.C,
FTS.PR.E, FTS.PR.F, FTS.PR.G, FTS.PR.H, FTS.PR.J and FTS.R
respectively. Fortis information can be accessed on the Corporation's
website at www.fortisinc.com and on SEDAR at www.sedar.com.
Contacts:
Ms. Donna Hynes
Manager, Investor & Public Relations
Fortis Inc.
709.737.2800