ST. JOHN–S, NEWFOUNDLAND AND LABRADOR — (Marketwired) — 11/10/14 — Newfoundland Power Inc. has declared regular quarterly dividends on its Series A, B, D and G First Preference Shares as follows:
All the common shares of Newfoundland Power Inc. are owned by Fortis Inc. (TSX: FTS), the largest investor-owned gas and electric distribution utility in Canada. The regulated utilities of Fortis account for approximately 90% of total assets and serve more than 3 million customers across Canada and in the United States and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation–s non-utility investment is comprised of hotels and commercial real estate in Canada. Fortis shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.
With a customer base of over 256,000 accounts, Newfoundland Power Inc. is committed to safety and dedicated to providing the highest level of customer service and reliability of electricity in the most cost-efficient manner possible. For more information on Newfoundland Power–s programs, services and community partnerships, please visit newfoundlandpower.com.
Contacts:
Ms. Jocelyn Perry
Vice President, Finance & Chief Financial Officer
Newfoundland Power Inc.
(709) 737-2812
(709) 737-5300 (FAX)