February 08, 2013 13:28 ET
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Feb. 8, 2013) - 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 distribution utility in Canada, with total assets of approximately $15 billion and fiscal 2012 revenue totalling $3.7 billion. Fortis serves more than 2,000,000 gas and electricity customers. Its regulated holdings include electric distribution utilities in five Canadian provinces and two Caribbean countries and a natural gas utility in British Columbia. Fortis owns and operates non-regulated generation assets across Canada and in Belize and Upstate New York. It also owns hotels and commercial office and retail space in Canada. Fortis shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.
With a customer base of approximately 250,000 accounts, Newfoundland Power 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.
Ms. Jocelyn PerryVice President, Finance & Chief Financial OfficerNewfoundland Power Inc.Office: (709) 737-2812(709) 737-5300 (FAX)
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