Exhibit 99.2
Interim Financial Statements











FORTIS INC.

Condensed Consolidated Interim Financial Statements
For the three and six months ended June 30, 2026 and 2025
(Unaudited)
FORTIS INC.JUNE 30, 2026 QUARTER REPORT
1
Interim Financial Statements
CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Unaudited)
FORTIS INC.
June 30,December 31,
As at (in millions of Canadian dollars)20262025
ASSETS
Current assets
Cash and cash equivalents$384 $367 
Accounts receivable and other current assets (Note 5)1,883 1,695 
Prepaid expenses221 179 
Inventories 681 649 
Regulatory assets (Note 6)1,019 915 
Total current assets4,188 3,805 
Other assets 1,829 1,782 
Regulatory assets (Note 6)4,187 4,107 
Property, plant and equipment, net53,863 50,886 
Intangible assets, net 1,789 1,723 
Goodwill 12,908 12,527 
Total assets$78,764 $74,830 
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings (Note 7)$39 $412 
Accounts payable and other current liabilities 3,548 3,503 
Regulatory liabilities (Note 6)469 452 
Current installments of long-term debt (Note 7)3,395 3,146 
Total current liabilities7,451 7,513 
Regulatory liabilities (Note 6)3,989 3,810 
Deferred income taxes 5,605 5,292 
Long-term debt (Note 7)32,547 30,723 
Finance leases346 348 
Other liabilities 1,362 1,275 
Total liabilities51,300 48,961 
Commitments and contingencies (Note 14)
Equity
Common shares (1)
16,376 16,112 
Preference shares1,623 1,623 
Additional paid-in capital4 5 
Accumulated other comprehensive income1,754 1,101 
Retained earnings5,540 4,969 
Shareholders' equity25,297 23,810 
Non-controlling interests 2,167 2,059 
Total equity27,464 25,869 
Total liabilities and equity$78,764 $74,830 
(1)    No par value. Unlimited authorized shares. 510.9 million and 507.3 million issued and outstanding as at June 30, 2026 and December 31, 2025, respectively.
See accompanying Notes to Condensed Consolidated Interim Financial Statements
FORTIS INC.JUNE 30, 2026 QUARTER REPORT
2
Interim Financial Statements
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF EARNINGS (Unaudited)
FORTIS INC.
QuarterYear-to-Date
For the periods ended June 30 (in millions of Canadian dollars, except per share amounts)
2026 2025 2026 2025 
Revenue $2,931 $2,815 $6,334 $6,153 
Expenses
Energy supply costs719 714 1,790 1,754 
Operating expenses866 789 1,711 1,619 
Depreciation and amortization542 512 1,074 1,027 
Total expenses2,127 2,015 4,575 4,400 
Operating income804 800 1,759 1,753 
Other income, net (Note 9)119 105 210 196 
Finance charges 387 369 759 739 
Earnings before income tax expense536 536 1,210 1,210 
Income tax expense76 92 188 208 
Net earnings$460 $444 $1,022 $1,002 
Net earnings attributable to:
Non-controlling interests$43 $40 $82 $78 
Preference equity shareholders21 20 43 41 
Common equity shareholders396 384 897 883 
$460 $444 $1,022 $1,002 
Earnings per common share (Note 11)
Basic$0.78 $0.76 $1.76 $1.76 
Diluted$0.78 $0.76 $1.76 $1.76 
See accompanying Notes to Condensed Consolidated Interim Financial Statements

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
QuarterYear-to-Date
For the periods ended June 30 (in millions of Canadian dollars)
2026 2025 2026 2025 
Net earnings$460 $444 $1,022 $1,002 
Other comprehensive income (loss)
Unrealized foreign currency translation gains (losses) (1)
428 (1,116)716 (1,111)
Other (2)
5 (17)8 (23)
433 (1,133)724 (1,134)
Comprehensive income (loss)$893 $(689)$1,746 $(132)
Comprehensive income (loss) attributable to:
Non-controlling interests$85 $(72)$153 $(34)
Preference equity shareholders21 20 43 41 
Common equity shareholders787 (637)1,550 (139)
$893 $(689)$1,746 $(132)
(1)Net of hedging activities and income tax recovery of $7 million and $11 million for the three and six months ended June 30, 2026, respectively (three and six months ended June 30, 2025 - income tax expense of $8 million).
(2)Net of income tax expense of $nil and $1 million for the three and six months ended June 30, 2026, respectively (three and six months ended June 30, 2025 - income tax recovery of $4 million and $6 million, respectively).

See accompanying Notes to Condensed Consolidated Interim Financial Statements
FORTIS INC.JUNE 30, 2026 QUARTER REPORT
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Interim Financial Statements
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Unaudited)
FORTIS INC.
QuarterYear-to-Date
For the periods ended June 30 (in millions of Canadian dollars)
2026 2025 2026 2025 
Operating activities
Net earnings$460 $444 $1,022 $1,002 
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation - property, plant and equipment468 454 929 911 
Amortization - intangible assets45 39 88 78 
Amortization - other29 19 57 38 
Deferred income tax expense34 58 65 124 
Equity component, allowance for funds used during construction (Note 9)
(49)(42)(95)(81)
Sale of investment tax credits63 — 63 — 
Other39 7 41 19 
Change in long-term regulatory assets and liabilities27 (43)(5)(19)
Change in working capital (Note 12)13 (132)67 (55)
Cash from operating activities1,129 804 2,232 2,017 
Investing activities
Additions to property, plant and equipment(1,601)(1,479)(3,104)(2,962)
Additions to intangible assets(63)(65)(108)(125)
Contributions in aid of construction357 144 581 312 
Contribution to equity-accounted investee— (27)— (27)
Other(34)(83)(81)(133)
Cash used in investing activities(1,341)(1,510)(2,712)(2,935)
Financing activities
Proceeds from long-term debt, net of issuance costs (Note 7)1,320 96 2,140 1,131 
Repayments of long-term debt and finance leases(783)(27)(941)(62)
Borrowings under committed credit facilities4,266 3,332 7,486 6,390 
Repayments under committed credit facilities (3,809)(2,985)(7,387)(6,358)
Net change in short-term borrowings(538)230 (377)277 
Issue of common shares, net of costs and dividends reinvested14 9 32 34 
Dividends

Common shares, net of dividends reinvested(212)(191)(420)(383)

Preference shares(21)(20)(43)(41)

Subsidiary dividends paid to non-controlling interests(23)(17)(48)(44)
Other7 10 33 (8)
Cash from financing activities221 437 475 936 
Effect of exchange rate changes on cash and cash equivalents16 (20)22 (17)
Change in cash and cash equivalents25 (289)17 1 
Cash and cash equivalents, beginning of period359 510 367 220 
Cash and cash equivalents, end of period$384 $221 $384 $221 
Supplementary Cash Flow Information (Note 12)
See accompanying Notes to Condensed Consolidated Interim Financial Statements

FORTIS INC.JUNE 30, 2026 QUARTER REPORT
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Interim Financial Statements
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY (Unaudited)
FORTIS INC.
For the quarter ended June 30
(in millions of Canadian dollars, except share numbers)
Common Shares
(# millions)
Common SharesPreference Shares Additional Paid-In CapitalAccumulated Other Comprehensive Income (Loss)Retained EarningsNon-Controlling InterestsTotal Equity
As at March 31, 2026509.1 $16,247 $1,623 $5 $1,363 $5,144 $2,104 $26,486 
Net earnings— — — — — 417 43 460 
Other comprehensive income— — — — 391 — 42 433 
Common shares issued1.8 129 — (1)— — — 128 
Subsidiary dividends paid to non-controlling interests— — — — — — (23)(23)
Dividends on preference shares— — — — — (21)— (21)
Other— — — — — — 1 1 
As at June 30, 2026510.9 $16,376 $1,623 $4 $1,754 $5,540 $2,167 $27,464 
As at March 31, 2025501.6 $15,729 $1,623 $6 $2,066 $4,711 $2,058 $26,193 
Net earnings— — — — — 404 40 444 
Other comprehensive loss— — — — (1,021)— (112)(1,133)
Common shares issued2.0 128 — — — — — 128 
Subsidiary dividends paid to non-controlling interests— — — — — — (17)(17)
Dividends on preference shares— — — — — (20)— (20)
Other— — — — — — (1)(1)
As at June 30, 2025503.6 $15,857 $1,623 $6 $1,045 $5,095 $1,968 $25,594 
See accompanying Notes to Condensed Consolidated Interim Financial Statements
FORTIS INC.JUNE 30, 2026 QUARTER REPORT
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Interim Financial Statements
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY (Unaudited)
FORTIS INC.
For the six months ended June 30
(in millions of Canadian dollars, except share numbers)
Common Shares
(# millions)
Common SharesPreference SharesAdditional Paid-In CapitalAccumulated Other Comprehensive Income (Loss)Retained EarningsNon-Controlling InterestsTotal Equity
As at December 31, 2025
507.3 $16,112 $1,623 $5 $1,101 $4,969 $2,059 $25,869 
Net earnings— — — — — 940 82 1,022 
Other comprehensive income— — — — 653 — 71 724 
Common shares issued3.6 264 — (1)— — — 263 
Subsidiary dividends paid to non-controlling interests— — — — — — (48)(48)
Dividends declared on common shares ($0.64 per share)
— — — — — (326)— (326)
Dividends on preference shares— — — — — (43)— (43)
Other— — — — — — 3 3 
As at June 30, 2026510.9 $16,376 $1,623 $4 $1,754 $5,540 $2,167 $27,464 
As at December 31, 2024
499.3 $15,589 $1,623 $8 $2,067 $4,521 $2,045 $25,853 
Net earnings— — — — — 924 78 1,002 
Other comprehensive loss— — — — (1,022)— (112)(1,134)
Common shares issued4.3 268 — (1)— — — 267 
Subsidiary dividends paid to non-controlling interests— — — — — — (44)(44)
Dividends declared on common shares ($0.615 per share)
— — — — — (309)— (309)
Dividends on preference shares— — — — — (41)— (41)
Other— — — (1)— — 1 — 
As at June 30, 2025503.6 $15,857 $1,623 $6 $1,045 $5,095 $1,968 $25,594 
See accompanying Notes to Condensed Consolidated Interim Financial Statements
FORTIS INC.JUNE 30, 2026 QUARTER REPORT
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Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
1. DESCRIPTION OF BUSINESS

Nature of Operations
Fortis Inc. ("Fortis" or the "Corporation") is a diversified North American regulated electric and gas utility holding company.

Earnings for interim periods may not be indicative of annual results due to: (i) the impact of seasonal weather conditions on customer demand; (ii) the impact of market conditions, particularly with respect to long-term wholesale sales at UNS Energy; (iii) the timing and significance of any regulatory decisions; and (iv) changes in the U.S. dollar-to-Canadian dollar exchange rate. Earnings for the utilities in Canada and New York tend to be highest in the first and fourth quarters due to space-heating requirements. Earnings for UNS Energy tend to be highest in the second and third quarters due to the use of air conditioning and other cooling equipment.

Entities within the reporting segments that follow operate with substantial autonomy.

Regulated Utilities
ITC: ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC. Fortis owns 80.1% of ITC and an affiliate of GIC Private Limited owns a 19.9% minority interest.

UNS Energy: UNS Energy Corporation, which primarily includes Tucson Electric Power Company ("TEP"), UNS Electric, Inc. ("UNS Electric") and UNS Gas, Inc. ("UNS Gas").

Central Hudson: CH Energy Group, Inc., which primarily includes Central Hudson Gas & Electric Corporation.

FortisBC Energy: FortisBC Energy Inc.

FortisAlberta: FortisAlberta Inc.

FortisBC Electric: FortisBC Inc.

Other Electric: Eastern Canadian and Caribbean utilities, as follows: Newfoundland Power Inc.; Maritime Electric Company, Limited; FortisOntario Inc.; a 39% equity investment in Wataynikaneyap Power Limited Partnership; and an approximate 60% controlling interest in Caribbean Utilities Company, Ltd. ("Caribbean Utilities"). Also included FortisTCI Limited and Turks and Caicos Utilities Limited (collectively, "FortisTCI") until the September 2, 2025 date of disposition and the 33% equity investment in Belize Electricity Limited ("Belize Electricity") until the October 31, 2025 date of disposition (Note 10).

Non-Regulated
Corporate and Other: Captures expenses and revenues not specifically related to any reportable segment and those business operations that are below the required threshold for segmented reporting. Consists of non-regulated holding company expenses, and included non-regulated long-term contracted generation assets in Belize until the October 31, 2025 date of disposition (Note 10).


2. REGULATORY MATTERS

Regulation of the Corporation's utilities is generally consistent with that disclosed in Note 2 of the Corporation's annual audited consolidated financial statements ("2025 Annual Financial Statements"). A summary of significant outstanding regulatory matters follows.

ITC
Transmission Incentives: In 2021, the Federal Energy Regulatory Commission ("FERC") issued a supplemental notice of proposed rulemaking ("NOPR") on transmission incentives modifying the proposal in the initial NOPR released by FERC in 2020. The supplemental NOPR proposes to eliminate the 50-basis point regional transmission organization ("RTO") return on common equity ("ROE") incentive adder for RTO members that have been members for longer than three years. The timing and outcome of this proceeding are unknown.

UNS Energy
TEP General Rate Application: In June 2025, TEP filed a general rate application with the Arizona Corporation Commission ("ACC") requesting new rates effective September 1, 2026 using a December 31, 2024 test year, with post-test year adjustments through June 30, 2025. The application includes a proposal to phase-out or eliminate certain adjustor mechanisms, and requests an annual formulaic rate adjustment mechanism consistent with the ACC's approval of a formula rate policy statement in 2024. It also requests the deferral of certain costs associated with owning and operating Roadrunner Reserve II for future recovery. In June 2026, the Administrative Law Judge issued an extension of the procedural schedule such that a final decision on the rate case will be issued by November 17, 2026.

The Residential Utility Consumer Office has challenged the ACC's authority to implement a formula rate framework through a policy statement, and in November 2025, the Arizona Court of Appeals ruled that the Residential Utility Consumer Office may proceed with its challenge. The timing and outcome of these regulatory and legal proceedings are unknown. The ACC has previously approved adjustor mechanisms, including formula-based mechanisms, in rate cases.
FORTIS INC.JUNE 30, 2026 QUARTER REPORT
7
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
2. REGULATORY MATTERS (cont'd)

UNS Gas General Rate Application: In February 2026, the ACC issued an order approving an allowed ROE of 9.61% and a 56% common equity component of capital structure. The order also approved an annual formulaic rate adjustment mechanism including a range of +/- 50 basis points around the allowed ROE and the inclusion of post-test year adjustments. New rates became effective March 1, 2026.

FortisAlberta
Third Performance-based Rate-setting ("PBR") Term Decision: In 2023, the Alberta Utilities Commission ("AUC") issued a decision establishing the parameters for the third PBR term for the period of 2024 through 2028. FortisAlberta sought permission to appeal the decision to the Court of Appeal of Alberta ("Court of Appeal") on the basis that the AUC erred in its decision to determine capital funding using 2018-2022 historical capital investments without consideration for funding of new capital programs included in the company's 2023 cost of service revenue requirement as approved by the AUC. In March 2025, the Court of Appeal granted FortisAlberta permission to appeal, which was heard in January 2026. A decision is expected in the third quarter of 2026.

Depreciation Study: In May 2026, the AUC approved the negotiated settlement agreement that had been reached with respect to FortisAlberta's depreciation study. The corresponding reduction in FortisAlberta's depreciation rates has resulted in a true-up of $130 million. The settlement of the true-up will be addressed in a future rate application, with no impact to earnings anticipated as the related updates to revenue and depreciation expense are expected to be neutral.


3. ACCOUNTING POLICIES

These condensed consolidated interim financial statements ("Interim Financial Statements") have been prepared and presented in accordance with accounting principles generally accepted in the United States of America for rate-regulated entities and are in Canadian dollars unless otherwise indicated.

The Interim Financial Statements include the accounts of the Corporation and its subsidiaries and reflect the equity method of accounting for entities in which Fortis has significant influence, but not control, and proportionate consolidation for assets that are jointly owned with non-affiliated entities.

These Interim Financial Statements do not include all of the disclosures required in the annual financial statements and should be read in conjunction with the Corporation's 2025 Annual Financial Statements. In management's opinion, these Interim Financial Statements include all adjustments that are of a normal recurring nature, necessary for fair presentation.

The preparation of the Interim Financial Statements required management to make estimates and judgments, including those related to regulatory decisions, that affect the reported amounts of, and disclosures related to, assets, liabilities, revenues, expenses, gains, losses and contingencies. Actual results could differ materially from estimates.

The Corporation considers the applicability and impact of all Accounting Standards Updates ("ASUs") issued by the Financial Accounting Standards Board. Any ASUs not included in these Interim Financial Statements were assessed and determined to be either not applicable to the Corporation or are not expected to have a material impact on the Interim Financial Statements.

The accounting policies applied herein are consistent with those outlined in the Corporation's 2025 Annual Financial Statements.

Future Accounting Pronouncements
Expense Disaggregation: ASU No. 2024-03, Disaggregation of Income Statement Expenses, is effective for Fortis on January 1, 2027 for annual periods and on January 1, 2028 for interim periods, on a prospective basis, with retrospective application and early adoption permitted. The ASU requires detailed disclosure of certain expense categories included on the consolidated statements of earnings, including energy supply costs, operating expenses, and depreciation and amortization expense. Fortis is assessing the impact on its disclosures.

Internal-Use Software: ASU No. 2025-06, Targeted Improvements to the Accounting for Internal-Use Software, is effective for Fortis on January 1, 2028. The ASU may be adopted prospectively, retrospectively, or using a modified transition approach, and early adoption is permitted. The ASU removes references to development stages and requires capitalization of software costs once funding is authorized and project completion is probable, including assessment of whether significant development uncertainty exists. The guidance also clarifies that all capitalized internal-use software costs must follow the disclosure requirements in Subtopic 360-10, Property, Plant and Equipment. Fortis is assessing the impact on its consolidated financial statements and disclosures.

FORTIS INC.JUNE 30, 2026 QUARTER REPORT
8
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
4. SEGMENTED INFORMATION

Fortis' President and Chief Executive Officer is considered the chief operating decision maker ("CODM") for purposes of reviewing segment performance. Fortis segments its business based on regulatory jurisdiction and service territory, as well as the information used by the CODM in deciding how to allocate resources. Segment performance is evaluated principally on net earnings attributable to common equity shareholders, and this measure is used consistently in the evaluation of actual segment performance as well as in the Corporation’s business plan and forecasting processes.

Related-Party and Inter-Company Transactions
Related-party transactions are in the normal course of operations and are measured at the amount of consideration agreed to by the related parties. There were no material related-party transactions for the three and six months ended June 30, 2026 and 2025. Fortis periodically provides short-term financing to subsidiaries to support capital expenditures and seasonal working capital requirements, the impacts of which are eliminated on consolidation. As at June 30, 2026 and December 31, 2025, there were no material inter-segment loans outstanding. Interest charged on inter-segment loans was not material for the three and six months ended June 30, 2026 and 2025.

Inter-
UNSCentralFortisBCFortisFortisBCOtherSubCorporatesegment
($ millions)ITCEnergyHudsonEnergyAlbertaElectricElectricTotaland OthereliminationsTotal
Quarter ended June 30, 2026
Revenue659 707 401 392 213 127 432 2,931 — —2,931 
Energy supply costs— 219 141 92 — 23 244 719 — —719 
Operating expenses176 231 180 115 53 39 60 854 12 —866 
Depreciation and amortization130 112 43 102 80 21 53 541 1 —542 
Operating income353 145 37 83 80 44 75 817 (13)—804 
Other income, net31 25 21 15 2 2 9 105 14 —119 
Finance charges145 42 25 37 36 20 21 326 61 —387 
Income tax expense53 14 8 11 3 2 9 100 (24)—76 
Net earnings186 114 25 50 43 24 54 496 (36)—460 
Non-controlling interests34 — — 1 — — 8 43 — —43 
Preference share dividends— — — — — — — — 21 —21 
Net earnings attributable to common equity shareholders152 114 25 49 43 24 46 453 (57)—396 
Additions to property, plant and equipment and intangible assets472 258 115 507 154 56 102 1,664 — —1,664 
As at June 30, 2026
Goodwill8,712 1,961 640 913 231 235 216 12,908 — —12,908 
Total assets29,487 15,949 6,935 11,022 6,723 3,029 5,353 78,498 276 (10)78,764 
Quarter ended June 30, 2025
Revenue614 694 347 372 207 126 447 2,807 8 —2,815 
Energy supply costs— 246 104 97 — 25 242 714 — —714 
Operating expenses154 203 166 105 52 36 63 779 10 —789 
Depreciation and amortization119 105 38 90 77 20 61 510 2 —512 
Operating income 341 140 39 80 78 45 81 804 (4)—800 
Other income, net18 21 17 13 2 1 4 76 29 —105 
Finance charges128 43 23 36 34 20 24 308 61 —369 
Income tax expense 56 14 8 10 5 5 8 106 (14)—92 
Net earnings 175 104 25 47 41 21 53 466 (22)—444 
Non-controlling interests32 — — 1 — — 7 40 — —40 
Preference share dividends— — — — — — — — 20 —20 
Net earnings attributable to common equity shareholders143 104 25 46 41 21 46 426 (42)—384 
Additions to property, plant and equipment and intangible assets419 454 110 240 148 43 129 1,543 1 —1,544 
As at June 30, 2025
Goodwill8,351 1,880 614 913 231 235 259 12,483 — —12,483 
Total assets26,566 14,496 6,065 10,253 6,317 2,856 5,830 72,383 417 (11)72,789 


FORTIS INC.JUNE 30, 2026 QUARTER REPORT
9
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
4. SEGMENTED INFORMATION (cont'd)

Inter-
UNSCentralFortisBCFortisFortisBCOtherSubCorporatesegment
($ millions)ITCEnergyHudsonEnergyAlbertaElectricElectricTotaland OthereliminationsTotal
Year-to-date June 30, 2026
Revenue1,307 1,302 967 1,088 421 278 971 6,334 — —6,334 
Energy supply costs— 423 367 328 — 69 603 1,790 — —1,790 
Operating expenses350 434 371 223 102 77 124 1,681 30 —1,711 
Depreciation and amortization254 221 85 206 160 43 104 1,073 1 —1,074 
Operating income703 224 144 331 159 89 140 1,790 (31)—1,759 
Other income, net53 43 43 27 3 3 18 190 20 —210 
Finance charges275 82 50 75 71 41 41 635 124 —759 
Income tax expense107 20 33 62 7 5 19 253 (65)—188 
Net earnings374 165 104 221 84 46 98 1,092 (70)—1,022 
Non-controlling interests69 — — 1 — — 12 82 — —82 
Preference share dividends— — — — — — — — 43 —43 
Net earnings attributable to common equity shareholders305 165 104 220 84 46 86 1,010 (113)—897 
Additions to property, plant and equipment and intangible assets1,018 517 210 856 328 98 185 3,212 — —3,212 
As at June 30, 2026
Goodwill8,712 1,961 640 913 231 235 216 12,908 — —12,908 
Total assets29,487 15,949 6,935 11,022 6,723 3,029 5,353 78,498 276 (10)78,764 
Year-to-date June 30, 2025
Revenue1,245 1,374 820 1,017 408 279 993 6,136 17 —6,153 
Energy supply costs— 505 261 319 — 78 591 1,754 — —1,754 
Operating expenses317 397 352 211 102 72 132 1,583 36 —1,619 
Depreciation and amortization240 213 78 179 153 40 120 1,023 4 —1,027 
Operating income 688 259 129 308 153 89 150 1,776 (23)—1,753 
Other income, net39 39 37 24 3 2 12 156 40 —196 
Finance charges258 85 48 76 67 40 46 620 119 —739 
Income tax expense 110 28 28 53 11 9 17 256 (48)—208 
Net earnings 359 185 90 203 78 42 99 1,056 (54)—1,002 
Non-controlling interests66 — — 1 — — 11 78 — —78 
Preference share dividends— — — — — — — — 41 —41 
Net earnings attributable to common equity shareholders293 185 90 202 78 42 88 978 (95)—883 
Additions to property, plant and equipment and intangible assets928 743 209 577 288 77 263 3,085 2 —3,087 
As at June 30, 2025
Goodwill8,351 1,880 614 913 231 235 259 12,483 — —12,483 
Total assets26,566 14,496 6,065 10,253 6,317 2,856 5,830 72,383 417 (11)72,789 

FORTIS INC.JUNE 30, 2026 QUARTER REPORT
10
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
5. ALLOWANCE FOR CREDIT LOSSES

The allowance for credit losses, which is recorded in accounts receivable and other current assets, changed as follows.

QuarterYear-to-Date
($ millions)2026 2025 2026 2025 
Periods ended June 30
Balance, beginning of period(78)(77)(80)(78)
Credit loss expense(10)(7)(24)(14)
Credit loss deferral(8)(12)(7)(17)
Write-offs, net of recoveries20 19 36 32 
Foreign exchange(1)3 (2)3 
Balance, end of period(77)(74)(77)(74)
See Note 13 for disclosure on the Corporation's credit risk.


6. REGULATORY ASSETS AND LIABILITIES

Detailed information about the Corporation's regulatory assets and liabilities is provided in Note 8 to the 2025 Annual Financial Statements. A summary follows.
As at
June 30,December 31,
($ millions)
2026 2025 
Regulatory assets
Deferred income taxes 2,507 2,424 
Deferred energy management costs 699 701 
Rate stabilization and related accounts 590 552 
Employee future benefits 194 192 
Deferred lease costs166 145 
Derivatives129 135 
Deferred restoration costs116 109 
Manufactured gas plant site remediation deferral 91 84 
Business development deposit tax67 58 
Roadrunner Reserve 1 cost deferral50 23 
Generation early retirement costs46 49 
Meter cost recovery34 37 
Other regulatory assets 517 513 
Total regulatory assets5,206 5,022 
Less: Current portion(1,019)(915)
Long-term regulatory assets4,187 4,107 
Regulatory liabilities
Future cost of removal1,958 1,853 
Deferred income taxes1,420 1,349 
Employee future benefits454 467 
Rate stabilization and related accounts186 183 
Renewable energy surcharge175 164 
Energy efficiency liability69 68 
Other regulatory liabilities196 178 
Total regulatory liabilities4,458 4,262 
Less: Current portion(469)(452)
Long-term regulatory liabilities3,989 3,810 


FORTIS INC.JUNE 30, 2026 QUARTER REPORT
11
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
7. LONG-TERM DEBT
As at
June 30,December 31,
($ millions)2026 2025 
Long-term debt34,503 32,542 
Credit facility borrowings 1,638 1,515 
Total long-term debt36,141 34,057 
Less: Deferred financing costs and debt discounts(199)(188)
Less: Current installments of long-term debt(3,395)(3,146)
32,547 30,723 
Significant Long-Term Debt IssuancesInterest
Year-to-date June 30, 2026MonthRateAmountUse of
($ millions, except as noted)
Issued

(%)
Maturity($ millions)Proceeds
ITC
Secured senior notesJanuary5.08 2036US $125 
(1) (2) (3)
Secured senior notesJanuary5.71 2046US $125 
(1) (2) (3)
First mortgage bondsMarch4.78 2034US $175 
(1) (2) (3)
First mortgage bondsMarch4.86 2035US $175 
(1) (2) (3)
Unsecured senior notesApril4.88 2031US $500 
(1) (3) (4)
Unsecured senior notesApril5.50 2036US $400 
(1) (3) (4)
Central Hudson
Unsecured senior notesApril
(5)
(5)
US $70 
(1) (3)
(1) Repay short-term and/or credit facility borrowings
(2) Fund capital expenditures
(3) General corporate purposes
(4) Repay maturing long-term debt
(5) Comprised of US$25 million at 5.51% due in 2036, US$35 million at 5.86% due in 2041 and US$10 million at 6.01% due in 2046

In July 2026, ITC issued US$50 million of 18-year, 5.41% first mortgage bonds and US$100 million of 21-year, 5.53% first mortgage bonds. Proceeds will be used to repay credit facility borrowings, fund capital expenditures, and for general corporate purposes.

In July 2026, FortisAlberta issued $200 million of 30-year, 4.92% senior unsecured debentures. Proceeds will be used to repay credit facility borrowings, fund capital expenditures, and for general corporate purposes.

In March 2026, Fortis redeemed US$115 million of its U.S. dollar-denominated unsecured senior notes with original maturities ranging from 2029 to 2044, and in August 2026 Fortis will redeem US$75 million of its U.S. dollar-denominated unsecured senior notes with an original maturity in 2040.

In December 2024, Fortis filed a short-form base shelf prospectus with a 25-month life under which it may issue common or preference shares, subscription receipts, or debt securities in an aggregate principal amount of up to $2.0 billion. Fortis re-established the at-the-market equity program ("ATM Program") pursuant to the short-form base shelf prospectus, which allows the Corporation to issue up to $500 million of common shares from treasury to the public from time to time, at the Corporation's discretion, effective until January 10, 2027. As at June 30, 2026, $500 million remained available under the ATM Program and $1.5 billion remained available under the short-form base shelf prospectus.
As at
Credit facilitiesRegulatedCorporateJune 30,December 31,
($ millions)Utilitiesand Other2026 2025 
Total credit facilities4,307 1,585 5,892 5,773 
Credit facilities utilized:
Short-term borrowings (1)
(39)— (39)(412)
Long-term debt (including current portion) (2)
(1,366)(272)(1,638)(1,515)
Letters of credit outstanding(83)(22)(105)(105)
Credit facilities unutilized2,819 1,291 4,110 3,741 
(1)    The weighted average interest rate was 4.5% (December 31, 2025 - 4.2%).
(2)    The weighted average interest rate was 3.8% (December 31, 2025 - 3.8%). The current portion was $1,322 million (December 31, 2025 - $707 million).

Credit facilities are syndicated primarily with large banks in Canada and the U.S., with no one bank holding more than approximately 20% of the Corporation's total revolving credit facilities. Approximately $5.5 billion of the total credit facilities are committed with maturities ranging from 2027 through 2031.

See Note 14 in the 2025 Annual Financial Statements for a description of the credit facilities as at December 31, 2025. In May 2026, the Corporation amended its $1.3 billion revolving term committed credit facility to extend the maturity to July 2031.
FORTIS INC.JUNE 30, 2026 QUARTER REPORT
12
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
8. EMPLOYEE FUTURE BENEFITS

Fortis and each subsidiary maintain one or a combination of defined benefit pension plans and defined contribution pension plans, as well as other post-employment benefit ("OPEB") plans, including health and dental coverage and life insurance benefits, for qualifying members. The net benefit cost is detailed below.

Defined Benefit
Pension Plans
OPEB Plans
($ millions)2026 2025 2026 2025 
Quarter ended June 30
Service costs18 18 6 5 
Interest costs44 43 7 7 
Expected return on plan assets(57)(53)(7)(7)
Amortization of actuarial gains(6)(4)(7)(6)
Amortization of past service credits/plan amendments2 — — — 
Regulatory adjustments(1)— — 2 
Net benefit cost— 4 (1)1 
Year-to-date June 30
Service costs36 36 11 11 
Interest costs88 86 15 15 
Expected return on plan assets(114)(107)(15)(14)
Amortization of actuarial gains(13)(8)(13)(12)
Amortization of past service credits/plan amendments3 — — — 
Regulatory adjustments(1)(1)— 4 
Net benefit cost(1)6 (2)4 

Defined contribution pension plan expense for the three and six months ended June 30, 2026 was $18 million and $37 million (three and six months ended June 30, 2025 - $16 million and $35 million, respectively).


9. OTHER INCOME, NET

QuarterYear-to-Date
($ millions)2026 2025 2026 2025 
Periods ended June 30
Equity component, allowance for funds used during construction49 42 95 81 
Non-service component of net periodic benefit cost26 20 51 39 
Interest income20 10 30 22 
Equity income4 1 9 7 
Gain on derivatives, net— 19 6 32 
Other20 13 19 15 
119 105 210 196 


10. DISPOSITIONS

In September 2025, Fortis sold FortisTCI which contributed net earnings of $7 million and $12 million for the three and six months ended June 30, 2025, respectively, and $19 million for the eight-month period through the September 2, 2025 disposition date.

In October 2025, Fortis sold Fortis Belize and its 33% ownership in Belize Electricity which combined to contribute net earnings of $1 million and $8 million for the three and six months ended June 30, 2025, respectively, and $17 million for the ten-month period through the October 31, 2025 disposition date.


FORTIS INC.JUNE 30, 2026 QUARTER REPORT
13
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
11. EARNINGS PER COMMON SHARE

20262025
Net EarningsWeightedNet EarningsWeighted
to CommonAverageto CommonAverage
ShareholdersSharesEPSShareholdersSharesEPS
($ millions)(# millions)($)($ millions)(# millions)($)
Quarter ended June 30
Basic EPS396 510.0 0.78 384 502.6 0.76 
Potential dilutive effect of stock-based compensation— 0.2 — 0.3 
Diluted EPS396 510.2 0.78 384 502.9 0.76 
Year-to-date June 30
Basic EPS897 509.1 1.76 883 501.5 1.76 
Potential dilutive effect of stock-based compensation— 0.2 — 0.3 
Diluted EPS897 509.3 1.76 883 501.8 1.76 


12. SUPPLEMENTARY CASH FLOW INFORMATION

QuarterYear-to-Date
($ millions)2026 2025 2026 2025 
Periods ended June 30
Change in working capital
Accounts receivable and other current assets61 106 65 82 
Prepaid expenses(30)(25)(39)(20)
Inventories(24)(36)(10)(32)
Regulatory assets - current portion(33)24 (35)20 
Accounts payable and other current liabilities(7)(173)54 (40)
Regulatory liabilities - current portion46 (28)32 (65)
13 (132)67 (55)
Non-cash financing activity
Common share dividends reinvested114 118 231 233 
As at June 302026 2025 
Non-cash investing activities
Accrued capital expenditures858 664 
Accrued contributions in aid of construction13 10 


13. FAIR VALUE OF FINANCIAL INSTRUMENTS AND RISK MANAGEMENT

Derivatives
The Corporation generally limits the use of derivatives to those that qualify as accounting, economic or cash flow hedges, or those that are approved for regulatory recovery.

Derivatives are recorded at fair value with certain exceptions including those derivatives that qualify for the normal purchase and normal sale exception. Fair values reflect estimates based on current market information about the derivatives as at the balance sheet dates. The estimates cannot be determined with precision as they involve uncertainties and matters of judgment and, therefore, may not be relevant in predicting the Corporation's future consolidated earnings or cash flow.

Energy Contracts Subject to Regulatory Deferral
UNS Energy holds electricity power purchase contracts, gas supply contracts and gas swap contracts to reduce its exposure to energy price risk. Fair values are measured primarily under the market approach using independent third-party information, where possible. When published prices are not available, adjustments are applied based on historical price curve relationships, transmission costs and line losses.

Central Hudson holds swap contracts for electricity and natural gas to minimize price volatility by fixing the effective purchase price. Fair values are measured using forward pricing provided by independent third-party information.


FORTIS INC.JUNE 30, 2026 QUARTER REPORT
14
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
13. FAIR VALUE OF FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (cont'd)

FortisBC Energy holds gas supply contracts to fix the effective purchase price of natural gas. Fair values reflect the present value of future cash flows based on published market prices and forward natural gas price curves.

Unrealized gains or losses associated with changes in the fair value of these energy contracts are deferred as a regulatory asset or liability for recovery from, or refund to, customers in future rates, as permitted by the regulators. As at June 30, 2026, unrealized losses of $129 million (December 31, 2025 - $135 million) were recognized as regulatory assets and unrealized gains of $15 million (December 31, 2025 - $37 million) were recognized as regulatory liabilities.

Energy Contracts Not Subject to Regulatory Deferral
UNS Energy holds wholesale trading contracts to fix power prices and realize potential margin, of which 10% of any realized gains is shared with customers through rate stabilization accounts. Fair values are measured using a market approach incorporating, where possible, independent third-party information. Gains or losses associated with changes in the fair value of these energy contracts are recognized in revenue. During the three and six months ended June 30, 2026, gains of $2 million and $24 million were recognized in revenue, respectively (three and six months ended June 30, 2025 - gains of $1 million and $32 million, respectively).

Total Return Swaps
The Corporation holds total return swaps to manage the cash flow risk associated with forecast future cash and/or share settlements of certain stock-based compensation obligations. The swaps have a combined notional amount of $92 million and terms up to three years expiring at varying dates through January 2028. Fair value is measured using an income valuation approach based on forward pricing curves. Gains and losses associated with changes in fair value are recognized in other income, net. During the three and six months ended June 30, 2026, gains of $7 million and $18 million were recognized in other income, net, respectively (three and six months ended June 30, 2025 - losses of $1 million and gains of $9 million, respectively).

Foreign Exchange Contracts
The Corporation holds U.S. dollar denominated foreign exchange contracts to help mitigate exposure to foreign exchange rate volatility. The contracts expire at varying dates through June 2028 and have a combined notional amount of US$531 million. Fair value was measured using independent third-party information. Gains and losses associated with changes in fair value are recognized in other income, net. During the three and six months ended June 30, 2026, losses of $7 million and $12 million were recognized in other income, net, respectively (three and six months ended June 30, 2025 - gains of $18 million and $19 million, respectively).

Interest Rate Contracts
ITC has entered into five-year interest rate swap contracts with a combined notional value of US$150 million which will be used to manage interest rate risk associated with forecasted debt issuances. Fair value was measured using a discounted cash flow method based on secured overnight financing rates ("SOFR"). Gains and losses associated with the changes in fair value are recognized in other comprehensive income, and are expected to be reclassified to earnings as a component of interest expense over the first 5 years of the related debt. Gains of US$1 million and US$2 million were recorded in other comprehensive income for the three and six months ended June 30, 2026, respectively (three and six months ended June 30, 2025 - losses of US$4 million and US$8 million, respectively).

During the first quarter of 2026, ITC settled interest rate swap contracts with a combined notional value of US$705 million. Gains of US$4 million were recognized in other comprehensive income, which will be reclassified to earnings as a component of interest expense over 5 years.

Cross-Currency Interest Rate Swaps
The Corporation holds cross-currency interest rate swaps, maturing in 2029, to effectively convert its $500 million, 4.43% unsecured senior notes to US$391 million, 4.34% debt. The Corporation has designated this notional U.S. debt as an effective hedge of its foreign net investments and gains and losses associated with exchange rate fluctuations on the notional U.S. debt are recognized in other comprehensive income, consistent with the translation adjustment related to the foreign net investments. Other changes in the fair value of the swaps are also recognized in other comprehensive income but are excluded from the assessment of hedge effectiveness. Fair value is measured using a discounted cash flow method based on SOFR. During the three and six months ended June 30, 2026, losses of $5 million and $13 million, respectively were recorded in other comprehensive income (three and six months ended June 30, 2025 - gains of $21 million and $17 million, respectively).
FORTIS INC.JUNE 30, 2026 QUARTER REPORT
15
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
13. FAIR VALUE OF FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (cont'd)

Recurring Fair Value Measures
The following table presents assets and liabilities that are accounted for at fair value on a recurring basis.

($ millions)
Level 1 (1)
Level 2 (1)
Level 3 (1)
Total
As at June 30, 2026
Assets
Energy contracts subject to regulatory deferral (2) (3)
— 43 — 43 
Energy contracts not subject to regulatory deferral (2)
— 18 — 18 
Total return swaps and interest rate contracts (2)
— 39 — 39 
Other investments (4)
200 — — 200 
200 100 — 300 
Liabilities
Energy contracts subject to regulatory deferral (3) (5)
— (157)— (157)
Energy contracts not subject to regulatory deferral (5)
— (1)— (1)
Cross-currency interest rate swaps and foreign exchange contracts (5)
— (43)— (43)
— (201)— (201)
As at December 31, 2025
Assets
Energy contracts subject to regulatory deferral (2) (3)
— 51 — 51 
Energy contracts not subject to regulatory deferral (2)
— 4 — 4 
Total return swaps and foreign exchange contracts (2)
— 37 — 37 
Other investments (4)
190 — — 190 
190 92 — 282 
Liabilities
Energy contracts subject to regulatory deferral (3) (5)
— (149)— (149)
Energy contracts not subject to regulatory deferral (5)
— (2)— (2)
Interest rate contracts and cross-currency interest rate swaps (5)
— (23)— (23)
— (174)— (174)
(1)Under the hierarchy, fair value is determined using: (i) level 1 - unadjusted quoted prices in active markets; (ii) level 2 - other pricing inputs directly or indirectly observable in the marketplace; and (iii) level 3 - unobservable inputs, used when observable inputs are not available. Classifications reflect the lowest level of input that is significant to the fair value measurement.
(2)Included in accounts receivable and other current assets or other assets
(3)Gains and losses arising from changes in the fair value of these contracts are deferred as a regulatory asset or liability for recovery from, or refund to, customers in future rates as permitted by the regulators, with the exception of wholesale trading contracts and certain gas swap contracts.
(4)UNS Energy holds investments in money market accounts, and ITC and Central Hudson hold investments in trust associated with supplemental retirement benefit plans for select employees, which include mutual funds and money market accounts. The fair value of these investments is included in cash and cash equivalents and other assets, with gains and losses recognized in other income, net.
(5)Included in accounts payable and other current liabilities or other liabilities

Energy Contracts
The Corporation has elected gross presentation for its derivative contracts under master netting agreements and collateral positions, which apply only to its energy contracts. The following table presents the potential offset of counterparty netting.

Gross AmountCounterparty
Recognized inNetting ofCash Collateral
($ millions)Balance SheetEnergy ContractsPosted/(Received)Net Amount
As at June 30, 2026
Derivative assets61 (26)12 47 
Derivative liabilities(158)26 — (132)
As at December 31, 2025
Derivative assets55 (29)15 41 
Derivative liabilities(151)29 — (122)

FORTIS INC.JUNE 30, 2026 QUARTER REPORT
16
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
13. FAIR VALUE OF FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (cont'd)

Volume of Derivative Activity
As at June 30, 2026, the Corporation had various energy contracts that will settle on various dates through 2032. The volumes related to electricity and natural gas derivatives are outlined below.
As at
June 30,December 31,
2026 2025 
Energy contracts subject to regulatory deferral (1)
Electricity swap contracts (GWh)
908 890 
Electricity power purchase contracts (GWh)
469 395 
Gas swap contracts (PJ)
167 183 
Gas supply contracts (PJ)
139 147 
Energy contracts not subject to regulatory deferral (1)
Wholesale trading contracts (GWh)
4,291 1,430 
Gas swap contracts (PJ)
2 2 
(1)GWh means gigawatt hours and PJ means petajoules.

Credit Risk
For cash equivalents, accounts receivable and other current assets, and long-term other receivables, credit risk is generally limited to the carrying value on the consolidated balance sheets. The Corporation's subsidiaries generally have a large and diversified customer base, which minimizes the concentration of credit risk. Policies in place to minimize credit risk include requiring customer deposits, prepayments and/or credit checks for certain customers, performing disconnections and/or using third-party collection agencies for overdue accounts.

ITC has a concentration of credit risk as approximately 65% of its revenue is derived from three customers. The customers have investment-grade credit ratings and credit risk is further managed by the Midcontinent Independent System Operator by requiring a letter of credit or cash deposit equal to the credit exposure, which is determined by a credit-scoring model and other factors.

FortisAlberta has a concentration of credit risk as its distribution service billings are to a relatively small group of retailers. Credit risk is managed by obtaining from the retailers either a cash deposit, letter of credit, an investment-grade credit rating, or a financial guarantee from an entity with an investment-grade credit rating.

Central Hudson has seen an increase in accounts receivable since the suspension of collection efforts initially required in response to the COVID-19 pandemic. Central Hudson continues to contact customers regarding past-due balances and collection efforts are ongoing. Under its regulatory framework, Central Hudson can defer uncollectible write-offs above the amounts collected in customer rates for future recovery.

ITC, UNS Energy, Central Hudson, FortisBC Energy, and Fortis may be exposed to credit risk in the event of non-performance by counterparties to derivative contracts. Credit risk is managed by net settling payments, when possible, and dealing only with counterparties that have investment-grade credit ratings. At UNS Energy, Central Hudson and FortisBC Energy, certain contractual arrangements require counterparties to post collateral.

The value of derivatives in net liability positions under contracts with credit risk-related contingent features that, if triggered, could require the posting of a like amount of collateral was $83 million as at June 30, 2026 (December 31, 2025 - $99 million).

Hedge of Foreign Net Investments
The reporting currency of ITC, UNS Energy, Central Hudson, and Caribbean Utilities is the U.S. dollar. The earnings and cash flow from, and net investments in, these entities are exposed to fluctuations in the U.S. dollar-to-Canadian dollar exchange rate. The Corporation has reduced this exposure through hedging.

As at June 30, 2026, US$1.8 billion (December 31, 2025 - US$1.9 billion) of corporately issued U.S. dollar-denominated long-term debt has been designated as an effective hedge of net investments, leaving approximately US$13.5 billion (December 31, 2025 - US$13.2 billion) unhedged. Exchange rate fluctuations associated with the net investment in foreign subsidiaries and the debt serving as the hedge are recognized in accumulated other comprehensive income.

Financial Instruments Not Carried at Fair Value
Excluding long-term debt, the consolidated carrying value of the Corporation's remaining financial instruments approximates fair value, reflecting their short-term maturity, normal trade credit terms and/or nature.

As at June 30, 2026, the carrying value of long-term debt, including current portion, was $36.1 billion (December 31, 2025 - $34.1 billion) compared to an estimated fair value of $34.1 billion (December 31, 2025 - $32.3 billion).
FORTIS INC.JUNE 30, 2026 QUARTER REPORT
17
Notes to Condensed Consolidated Interim Financial Statements (Unaudited)
For the three and six months ended June 30, 2026 and 2025
14. COMMITMENTS AND CONTINGENCIES

Commitments
There were no material changes in commitments from that disclosed in the Corporation's 2025 Annual Financial Statements, except as detailed below.

In April 2026, TEP entered into a 20-year gas transportation precedent agreement and amended a previously signed 25-year gas transportation precedent agreement. The agreements support the development of new pipelines, expected to be in service in 2029, which will be owned and operated by third-parties. The purchase commitments are expected to begin in 2029, and are estimated to be US$1.0 billion over the 20-year agreement and an incremental US$1.1 billion over the 25-year agreement. The purchase commitments are conditional on the construction and commercial operation of the new pipelines.

In March 2026, UNS Electric signed a 20-year renewable power purchase agreement for US$279 million of solar energy, pending commercial operation which is expected in 2028.

Contingency
In November 2023, an explosion and fire occurred at a residence located in Wappingers Falls, New York, while a contractor was performing work on Central Hudson’s natural gas infrastructure adjacent to the residence. Civil actions seeking damages for bodily injuries, property damage and punitive damages remain pending. Based on developments during the second quarter, including Court orders and the results of mediation and subsequent discussions with plaintiffs, Central Hudson has increased its contingent liability arising from the lawsuits to US$105 million as of June 30, 2026. Central Hudson has recorded an insurance receivable in the same amount as it believes its insurance will satisfy its liability arising from the incident and related lawsuits. Based on the facts currently known, management believes the ultimate resolution of these matters will not have a material adverse effect on the financial position, results of operations, or cash flows of the Corporation.


FORTIS INC.JUNE 30, 2026 QUARTER REPORT
18