Fortis Inc. Q2 2025 Financial Results and Regulatory Updates

SEC Filing 6-K (0001666175-25-000042)

Fortis Inc. reported a net earnings increase to $384 million for Q2 2025, up from $331 million in Q2 2024, driven by rate base growth and favorable exchange rates. The company invested $2.9 billion in capital expenditures in the first half of 2025, aligning with its $5.2 billion annual capital plan. Key highlights include load growth opportunities at Tucson Electric Power (TEP), regulatory filings for rate adjustments, and progress on sustainability goals. Fortis also announced a joint proposal with the New York State Public Service Commission for Central Hudson's general rate application. The company remains on track with its $26.0 billion five-year capital plan, aiming for a 6.5% compound annual growth rate in rate base through 2029.