Company: FORFF
Filing Date: 2025-02-14
Form Type: 40-F
Source: 0001666175-25-000017
Chunk: 4

Company: Fortis Inc.
Filing Date: 2025-02-14
Form: 40-F
Chunk 4
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 with debt covenants in 2025; the expected uses of proceeds from debt financings; the performance of contractual obligations to provide equity capital to Wataynikaneyap Power; the potential impact of new or revised tariffs on forecast and actual capital expenditures; forecast rate base for 2025 and 2029 by segment; the nature, timing, benefits and expected costs of certain capital projects, including ITC's transmission projects associated with the MISO LRTP, Integrated Resource Plan Related Generation, the Roadrunner Reserve Battery Storage Projects 1 and 2, the Vail-to-Tortolita Transmission Project, the Eagle Mountain Pipeline Project, the Tilbury LNG Storage Expansion, the Advanced Metering Infrastructure Project, and the Tilbury 1B Project, and additional investment opportunities; the expected impacts of future accounting pronouncements on the Corporation's disclosures; the potential impact of the recognition of goodwill impairment losses; and the potential and expected impacts of income tax compliance examinations and legislation with respect to interest deductibility limitations and global minimum tax.

Certain material factors or assumptions have been applied in drawing the conclusions contained in the forward-looking information, including, without limitation: reasonable legal and regulatory decisions and the expectation of regulatory stability; the successful execution of the capital plan; no material capital project or financing cost overrun; sufficient human resources to deliver service and execute the capital plan; the realization of additional opportunities beyond the capital plan; no significant variability in interest rates; no material changes in the assumed U.S. dollar-to- Canadian dollar exchange rate; the continuation of current participation levels in the Corporation's dividend reinvestment plan; the Corporation's board of directors (the "Board") exercising its discretion to declare dividends, taking into account the financial performance and condition of the Corporation; no significant operational disruptions or environmental liability or upset; the continued ability to maintain the performance of the electricity and gas systems; no severe and prolonged economic downturn; sufficient liquidity and capital resources; the ability to hedge exposures to fluctuations in foreign exchange rates, natural gas prices and electricity prices; the continued availability of natural gas, fuel, coal and electricity supply; continuation of power supply and capacity purchase contracts; no significant changes in government energy plans, environmental laws and regulations that could have a material negative impact; maintenance of adequate insurance coverage; the ability to obtain and maintain licences and permits; retention of existing service areas; no significant changes in tax laws and the continued tax deferred treatment of earnings from the Corporation's foreign operations; continued maintenance of information technology infrastructure and no material breach of cybersecurity; continued favourable relations with Indigenous