FTS Fortis Inc

Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) and CH Energy Group, Inc.
(NYSE:CHG) today announced that the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended ("HSR Act"), has expired in
connection with the previously announced acquisition of CH Energy Group by
Fortis. 


Expiration of the waiting period under the HSR Act satisfies one of the
conditions necessary for consummation of the transaction. The transaction
received CH Energy Group shareholder approval in June 2012 and regulatory
approval from the Federal Energy Regulatory Commission and the Committee on
Foreign Investment in the United States in July 2012. The transaction remains
subject to review by the New York State Public Service Commission. 


About Fortis: 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. The Corporation also owns hotels and commercial office and retail space in
Canada.


About CH Energy Group: CH Energy Group is predominantly an energy delivery
company headquartered in Poughkeepsie, New York. Regulated transmission and
distribution subsidiary Central Hudson Gas & Electric Corporation, which
accounted for approximately 97% of CH Energy Group's net income in 2011, serves
approximately 300,000 electric and 75,000 natural gas customers in eight
counties of New York State's Mid-Hudson River Valley.


For more information, visit www.fortisinc.com and www.chenergygroup.com.

Fortis includes forward-looking information in this material within the meaning
of applicable securities laws in Canada ("forward-looking information"). The
purpose of the forward-looking information is to provide management's
expectations regarding the Acquisition and the expected timing and benefits
thereof, the Corporation's future growth, results of operations, performance,
business prospects and opportunities, and it may not be appropriate for other
purposes. All forward-looking information is given pursuant to the safe harbour
provisions of applicable Canadian securities legislation. The words
"anticipates", "believes", "budgets", "could", "estimates", "expects",
"forecasts", "intends", "may", "might", "plans", "projects", "schedule",
"should", "will", "would" and similar expressions are often intended to identify
forward-looking information, although not all forward-looking information
contains these identifying words. The forward-looking information reflects
management's current beliefs and is based on assumptions developed using
information currently available to the Corporation's management. Although Fortis
believes that the forward-looking statements are based on information and
assumptions which are current, reasonable and complete, these statements are
necessarily subject to a variety of risks and uncertainties, including the
ability to obtain regulatory and other approvals and to satisfy conditions to
closing and the ability to realize the expected benefits of the acquisition of
CH Energy Group. For additional information on risk factors that have the
potential to affect the Corporation, reference should be made to the
Corporation's continuous disclosure materials filed from time to time with
Canadian securities regulatory authorities and to the heading "Business Risk
Management" in the Corporation's annual and quarterly Management Discussion and
Analysis and the "Risk Factors" section of the Annual Information Form. Except
as required by law, the Corporation undertakes no obligation to revise or update
any forward-looking information as a result of new information, future events or
otherwise after the date hereof.

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