Fortis Inc. has announced its largest five-year capital plan to date—$28.8 billion, an increase of $2.8 billion over the previous plan. This strategic investment supports:

• Average annual rate base growth of 7%
•  4–6% annual dividend growth guidance through 2030
  
  

The plan was shaped with a clear priority: customer affordability. Our capital investments focus on projects that deliver long-term cost savings and operational efficiencies, while our utilities continue to manage operating costs through innovation and process improvements.

“We’re proud to announce our largest five-year capital plan to date—$28.8 billion, up $2.8 billion from our previous plan. This increase reflects higher transmission investments at ITC and continued customer growth and reliability improvements across our utilities. This plan is about building for the future—responsibly, sustainably, and always with our customers at the center.”

— Dave Hutchens, President and CEO, Fortis Inc.

Approximately 77% of the plan is directed toward transmission and distribution infrastructure—critical systems that ensure reliability and stable returns for customers. It’s a low-risk, executable plan anchored in 100% regulated projects, with just 11 major capital initiatives making up 21% of the total.

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