Company: FORFF
Filing Date: 2025-02-14
Form Type: 40-F
Source: 0001666175-25-000017
Chunk: 5

Company: Fortis Inc.
Filing Date: 2025-02-14
Form: 40-F
Chunk 5
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 Peoples; and favourable labour relations.

Forward-looking information involves significant risks, uncertainties and assumptions. The Corporation cautions readers that a number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors should be considered carefully and undue reliance should not be placed on the forward-looking information. For additional information with respect to certain of these risks or factors, reference should be made to the information detailed under the heading "Business Risks" on pa ge 22 of the Annual MD&A (as defined below), and to continuous disclosure materials filed from time to time by the Corporation with Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission (the "SEC").

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Key risk factors for 2025 include, but are not limited to:

• risks associated with changes in utility regulation, including the outcome of regulatory proceedings at the Corporation's utilities;

• physical risks related to the provision of electric and gas service, which can be exacerbated by the impacts of climate change;

• risks related to environmental laws and regulations;

• risks associated with capital projects and the impact on the Corporation's continued growth;

• risks associated with cybersecurity and information and operations technology, including disruption to electric and gas service, consumption and load settlement systems, and financial or general operations, as well as the risk of misappropriation and/or disclosure of confidential or proprietary information;

• the impact of weather variability and seasonality on heating and cooling loads, gas distribution volumes and hydroelectric generation;

• risks associated with commodity price volatility and supply of purchased power; and,

• risks related to general economic conditions, including inflation, interest rate and foreign exchange risks.

All forward-looking information in this Form 40-F is given as of the date of this Form 40-F and the Corporation disclaims any intention or obligation to revise or update any forward-looking information as a result of new information, future events or otherwise.

### CURRENCY
The Corporation presents its consolidated financial statements in Canadian dollars unless otherwise specified. All dollar amounts in this Form 40-F are stated in Canadian dollars ("$" or "C$"), except where otherwise indicated. On February 13, 2025, the daily average exchange rate (as reported by the Bank of Canada) of United States dollars ("US$") into Canadian dollars was US$1.00 equals C$1.42.

### CANADIAN ANNUAL DISCLOSURE DOCUMENTS
The following documents are filed as exhibits to this Form