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Fortis Management Commentary: Rate Base Growth Drives Q3 2026 Earnings Increase

By Public Technologies
  • Fortis management commentary attributed third-quarter 2026 adjusted earnings growth of CAD 33 million to rate base expansion across its utilities.
  • Adjusted earnings per share rose to CAD 0.92 from CAD 0.87.
  • Higher retail electricity sales and operating-cost timing boosted UNS Energy earnings, partly offset by growth-related costs not yet reflected in customer rates.
  • The 2025 utility disposals and higher holding-company financing costs constrained earnings growth.
  • Year-to-date adjusted earnings increased CAD 47 million, supported by rate base growth and cost timing at Central Hudson despite weaker wholesale margins.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortis Inc. published the original content used to generate this news brief on November 03, 2026, and is solely responsible for the information contained therein.

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