Investor Presentaiton

Capital Program Increases Rate Base to ~$32B by 2022 Capital Expenditures(¹) (billions) $14.5 Five-Year Capital Plan Rate Base (2) (billions) 5.2% CAGR $3.2 4.5% CAGR $31.7 $2.8 $2.9 $2.9 $29.6 $30.4 $2.7 $28.5 $26.8 $25.4 2018F 2019F 2020F 2021F 2022F 2017F 2018F 2019F 2020F 2021F 2022F (3) Regulated - Canadian & Carribbean Electric & Gas ■Regulated - U.S. Electric & Gas ■Regulated - Independent Electric Transmission (ITC) Other Energy Infrastructure Regulated - Canadian & Caribbean Electric & Gas Regulated - U.S. Electric & Gas ■Regulated - Independent Electric Transmission (ITC) (1) US dollar-denominated capital expenditures are translated at a forecast USD/CAD foreign exchange rate of $1.28. (2) US dollar-denominated rate base is translated at a forecast USD/CAD foreign exchange rate of $1.28 and does not reflect impacts of U.S. tax reform legislation enacted in December 2017. (3) Includes 100% of the Waneta Expansion, of which Fortis has a 51% controlling ownership interest. FORTIS 13

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