Investor Presentaiton
Other Electric Utilities (Continued)
Fortis Companies
Caribbean
Utilities(¹)
FORTIS TCI
APPENDIX
Type of Utility
Regulator
Regulatory Model
2018 Achieved ROE
2019F Rate Base
5-Year CAGR on Rate Base (2)
2018 Assets % of Total Consolidated
Regulated Assets (3)
2018 Earnings (4)
2018 Earnings % of Total Regulated
Earnings (4)
Utility Regulation and Competition Office
Cost of service
11.62%
$0.7B
4.5%
2%
$20M
2%
Electricity
Government of the Turks and Caicos Islands
Cost of service
8.95%
$0.4B
2.4%
1%
$18M
2%
Development Opportunities (5)
Grid Modernization & Renewables
Grid Modernization & Renewables
(1) Fortis has an approximate 60% controlling interest in Caribbean Utilities Company, Ltd.
(2) US dollar-denominated rate base for 2018 is based on the actual average USD/CAD foreign exchange rate of $1.30 and forecast rate base for 2019 to 2023 is based on $1.28.
(3) Includes goodwill.
(4) Excludes earnings from Fortis' 33% equity investment in Belize Electricity Limited.
(5) Development opportunities are not included in the base capital forecast and would represent incremental capital spending.
FORTIS.INC
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