Fortis presents $32.2 billion capital plan for 2027-2031
FTS•Fortis outlined a $32.2 billion capital plan for 2027-2031, $3.4 billion above its prior plan, and projected annual rate base growth of 7.5%. It extended annual dividend growth guidance of 4%-6% through 2031.
1. Capital and growth plan
Fortis outlined a $32.2 billion capital plan for 2027-2031, up $3.4 billion from its prior plan, driven by transmission and LNG investments. It projected five-year rate base growth of 7.5% annually, 50 basis points higher than in the prior plan, and extended annual dividend growth guidance of 4%-6% through 2031, following a 4% increase in the fourth quarter of 2026. Cash from operations is expected to fund 57% of capital spending, net debt 32% and equity 11%.
