November 09, 2016 07:51 ET
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Nov. 9, 2016) - 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) (NYSE:FTS), Fortis Inc. is a leader in the North American regulated electric and gas utility industry, with total assets of approximately $47 billion, on a pro forma basis as at September 30, 2016 including the acquisition of ITC Holdings Corp. The Corporation's 8,000 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.
Newfoundland Power is the primary distributer of electricity on the island portion of Newfoundland and Labrador, and purchases 93% of its energy needs from Newfoundland and Labrador Hydro. With a customer base of approximately 263,000 accounts, Newfoundland Power is committed to safety, dedicated to the highest level of customer service and delivers reliable electricity at the lowest possible cost. For more information on Newfoundland Power's programs, services and community partnerships, please visit www.newfoundlandpower.com
Ms. Jocelyn PerryVice President, Finance & Chief Financial OfficerNewfoundland Power Inc.Office: (709) 737-2812(709) 737-5300 (FAX)
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