Investor Presentaiton
Other Electric Utilities
Fortis Companies
APPENDIX
Type of Utility
Regulator
Regulatory Model
2019 Formula
2019F Rate Base
5-Year CAGR on Rate Base (3)
2018 Assets % of Total
Consolidated Regulated Assets (4)
2018 Earnings
2018 Earnings % of Total
FORTIS ONTARIO (¹)
Ontario Energy Board
Cost of service with incentives
8.78% -9.30% ROE on 40% equity (2)
$0.3B
27.0%
1%
$13M
1%
MARITIME
ELECTRIC
A FORTIS COMPANY
Electricity
Island Regulatory and Appeals
Commission
Cost of service on future test year
9.35% ROE on 40% equity
$0.4B
3.0%
1%
$14M
1%
NEWFOUNDLAND
POWER
A FORTIS COMPANY
Newfoundland and Labrador Board of
Commissioners of Public Utilities
Cost of service on future test year
8.50% ROE +/- 40 bps on 45% equity
$1.1B
3.3%
3%
$41M
4%
Regulated Earnings
Major Capital Projects
Wataynikaneyap Transmission Power
Project
Development Opportunities (5)
Municipal Utility Consolidation
N/A
N/A
Grid Modernization
Grid Modernization
(1) Includes Canadian Niagara Power, Cornwall Electric, Algoma Power and Fortis' 39% ownership of the Wataynikaneyap Transmission Power Project.
(2) Allowed ROE is 9.3% for Algoma Power, 8.78% for Canadian Niagara Power distribution and 9.3% for Canadian Niagara Power transmission. Cornwall Electric operates under a
franchise agreement with a price-cap and commodity cost flow through and, therefore, is not regulated with reference to an allowed ROE.
(3) Includes 2018A to 2023F, including Fortis' 39% ownership of the Wataynikaneyap Transmission Power Project.
(4) Includes goodwill.
(5) Development opportunities are not included in the base capital forecast and would represent incremental capital spending.
FORTIS.INC
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