FORTIS INC. ANNOUNCES VIRTUAL ANNUAL MEETING AND PROVIDES UPDATE ON PREPARATION AND RESPONSE TO THE COVID-19 PANDEMIC
March 17 2020 - 6:00AM
Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today
announced its annual and special meeting on May 7, 2020 will be
held online. The Corporation will forego an in-person meeting in
response to the COVID-19 pandemic. Details on how shareholders can
access the virtual meeting will be provided in the coming weeks.
The decision to move to a virtual meeting was
made with the safety and health of Fortis shareholders, employees
and the broader community as the top priority. The Corporation
intends to return to an in-person annual meeting in future
years.
"This is an unprecedented time for all of us.
Remaining focused on employee safety and delivering reliable energy
to customers is how we can best support collective efforts to
reduce the spread of COVID-19," said Barry Perry, President and
CEO, Fortis.
Similar to a storm response or other major
event, utilities have business continuity plans in place that
provide a framework to maintain operations for electric and natural
gas service. In addition, a pandemic response leaders' group has
been established and members communicate regularly to coordinate
and share the latest information available.
Specific actions that have been taken to protect
the health and safety of employees while continuing to deliver
essential energy to customers include:
- Travel has been restricted across
the Fortis group of companies.
- Restrictions have been placed on
such things as group meetings and visitors to offices. Social
distancing is being encouraged.
- Good hygiene practices, one of the
best defenses against COVID-19, are being promoted.
- Many Fortis utilities have enacted
a "work from home" program for employees who can perform their work
responsibilities remotely.
"I'm proud of our team and how we are coming
together to ensure the best response possible. We are proactive and
coordinated in our approach," said Mr. Perry. "I encourage everyone
to take proper care of themselves and each other, and to act safely
and responsibly to limit the spread of this virus."
About Fortis Fortis is a leader
in the North American regulated electric and gas utility industry
with 2019 revenue of $8.8 billion and total assets of $53 billion
as at December 31, 2019. The Corporation's 9,000 employees serve
utility customers in five Canadian provinces, nine U.S. states and
three Caribbean countries.
Fortis shares are listed on the TSX and NYSE and
trade under the symbol FTS. Additional information can be accessed
at www.fortisinc.com, www.sedar.com, or www.sec.gov.
A .pdf version of this press release is
available
at: http://ml.globenewswire.com/Resource/Download/9b9fca09-14d5-4eb4-a0d7-0679f074577b
For more information, please
contact
Investor Enquiries: Ms.
Stephanie Amaimo Vice President, Investor Relations Fortis Inc.
248.946.3572 samaimo@fortisinc.com Media
Enquiries: Ms. Karen McCarthy Vice President,
Communications and Corporate Affairs Fortis Inc. 709.737.5323
media@fortisinc.com
Fortis (NYSE:FTS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fortis (NYSE:FTS)
Historical Stock Chart
From Apr 2023 to Apr 2024