Fortis Inc.

Fortis Inc.

August 16, 2016 16:34 ET

Tucson Electric Power Company (TEP) Rate Case Progresses; Reaches Settlement Agreement on Revenue Requirement

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Aug. 16, 2016) - Tucson Electric Power Company ("TEP"), a subsidiary of Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS), today reached a settlement agreement with several parties regarding TEP's revenue requirement in its rate case proceeding pending before the Arizona Corporation Commission ("ACC"). The agreement is available on the ACC's website at TEP also filed Form 8K with the United States Securities and Exchange Commission respecting the settlement agreement; a copy can be found at or at

An ACC Administrative Law Judge will issue a recommended opinion and order following the conclusion of planned hearings. That recommendation is then subject to review and approval by the ACC before new rates can become effective.

About Fortis

Fortis is a leader in the North American electric and gas utility business, with total assets of approximately CAD$29 billion and fiscal 2015 revenue of CAD$6.7 billion. The Corporation's asset mix is approximately 94% regulated (69% electric, 25% gas), with the remaining 6% comprised of non-regulated energy infrastructure. The Corporation's regulated utilities serve more than 3 million customers across Canada, the United States and the Caribbean.

Fortis shares are listed on the TSX and trade under the symbol FTS. Additional information can be accessed at,, or

About Tucson Electric Power

Tucson Electric Power provides safe, reliable electric service to approximately 417,000 customers in Southern Arizona. For more information, visit TEP and its parent company, UNS Energy, are subsidiaries of Fortis Inc. To learn more, visit

Contact Information

  • Investor Enquiries:
    Ms. Janet Craig
    Vice President, Investor Relations
    Fortis Inc.

    Media Enquiries:
    Ms. Karen McCarthy
    Director, Communications and Corporate Affairs
    Fortis Inc.