Document:

Exhibit 4.1

 

Fortis Inc.

 

Second Amended and Restated Dividend
Reinvestment and Share Purchase Plan

 

As a holder of common shares (“Common Shares”)
of Fortis Inc. (the “Company”), you should read this document carefully before making any decision regarding
participation in the second amended and restated dividend reinvestment and share purchase plan of the Company (the “Plan”).
In addition, if you are a non-registered holder of Common Shares you should refer to Section 4.1.

 

Shareholders of the Company resident in the United States should
review the prospectus relating to the Plan, including the United States federal income tax considerations and risk factors included
therein and the documents incorporated by reference therein, which forms part of the Registration Statement on Form F-3 filed
with the U.S. Securities and Exchange Commission on May 16, 2017.

 

		1.	PURPOSE

 

The Plan provides a means for the Company’s
Shareholders to invest Common Share cash dividends and Optional Cash Payments to purchase additional Common Shares. Common Shares
are purchased by the Plan Agent on behalf of the Participants under the Plan. The Plan Agent purchases such shares, as determined
from time to time by the Company, by written notice to the Plan Agent, either (i) on the open market through the facilities
of the TSX and/or any other stock exchange on which the Common Shares may from time to time be listed and posted for trading or
(ii) directly from the Company. Therefore, the Plan also provides a means by which the Company may retain and reinvest cash
dividends and increase its equity capital.

 

		2.	DEFINITIONS

 

“2009 Plan” means the
Company’s amended and restated dividend reinvestment and share purchase plan effective January 1, 2009, which plan is
superseded by the Plan.

 

“Anti-Money Laundering Act” has
the meaning set out in Section 5.2.

 

“Average Market Price” has the
meaning set out in Section 5.5.

 

“Business Day” means
any day on which the Plan Agent’s offices in the Province of Quebec, the TSX and each other stock exchange on which the Common
Shares may from time to time be listed and posted for trading are generally open, but does not include a Saturday, Sunday, civic
or statutory holiday in Toronto, Ontario or St. John’s, Newfoundland & Labrador.

 

“Common Shares” means
common shares of the Company.

 

“Company” means Fortis
Inc.

 

     

     

    

 

“CSPP”
means the Company’s consumer share purchase plan, as amended from time to time, pursuant to which Shareholders resident in
the provinces of Newfoundland & Labrador and Prince Edward Island can elect to have their cash dividends on Common
Shares automatically reinvested in the Company.

 

“Discount” has the meaning
set out in Section 6.

 

“Dividend Payment Date”
means the date chosen by the Board of Directors of the Company for the payment of a cash dividend on Common Shares. This historically
has been a Business Day in each of March, June, September and December of each year.

 

“Dividend Record Date”
means the date chosen by the Board of Directors of the Company to determine those Shareholders entitled to receive payment of the
dividend on Common Shares.

 

“ESPP” means the Company’s
employee share purchase plan, as amended from time to time, pursuant to which employees of the Company and its subsidiaries are
entitled to invest in Common Shares of the Company on a preferential basis.

 

“Intermediary” means
a securities broker or dealer, bank, trust company, financial organization or any other nominee.

 

“Investment Date” means
for the reinvestment of dividends and optional cash purchases under the Plan, the Dividend Payment Date.

 

“Market Purchase” has
the meaning set out in Section 5.4.

 

“NYSE” means the New
York Stock Exchange, or any successor stock exchange.

 

“Optional Cash Payment”
has the meaning set out in Section 5.2.

 

“Participant” means a
Shareholder holding at least the minimum number of Common Shares required pursuant to this Plan on the applicable Dividend Record
Date who is:

 

		(a)	a resident of Canada or the United States, or

 

		(b)	resident outside Canada or the United States and is not prohibited under the law of the jurisdiction in which it resides from
participating in the Plan,

 

and who is otherwise eligible to participate in the Plan and
elects to do so by, (i) in the case of a registered Shareholder, completing and delivering the appropriate enrolment forms
to the Plan Agent or by enrolling online through the Plan Agent’s self-service web portal at www.investorcentre.com/fortisinc
or, (ii) in the case of a beneficial Shareholder, having an Intermediary enroll on his, her or its behalf, as more particularly
described in the Plan.

 

“Plan” means the Company’s
Second Amended and Restated Dividend Reinvestment and Share Purchase Plan.

 

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“Plan Agent” means Computershare
Trust Company of Canada, or such other firm as may be designated by the Company from time to time to act as agent under the Plan.

 

“Plan
Shares” means Common Shares registered in the name of a Participant under the Plan.

 

“Shareholder” means a
registered owner of Common Shares or a non-registered beneficial owner of Common Shares, as the context requires.

 

“Trading Day” means a
day on which a board lot of the Common Shares was traded on the relevant stock exchange.

 

“Treasury Purchase” has
the meaning set out in Section 5.4.

 

“TSX” means the Toronto
Stock Exchange, or any successor stock exchange.

 

“VWAP” means the volume
weighted average trading price of the Common Shares, calculated by dividing the total value of Common Shares by the total number
of Common Shares traded for the relevant period.

 

		3.	USE OF PROCEEDS

 

The net proceeds to the Company from the
sale of Common Shares under the Plan will be added to the Company’s general funds and used for general corporate purposes
or any other purpose in the sole discretion of the Company.

 

		4.	PARTICIPATION IN THE PLAN

 

		4.1	General

 

Provisions of the Plan apply to all Participants,
but are subject to the administrative practices and requirements of Intermediaries through whom Plan Shares are held by non-registered
Shareholders. The administrative practices and requirements of Intermediaries vary and, accordingly, the various dates by which
actions must be taken under the Plan and the documentary requirements set out in the Plan may not be the same for non-registered
Shareholders as for registered Shareholders. Some Intermediaries may require non-registered Shareholders to become registered Shareholders
in order to participate in the Plan. In addition, there may be a fee charged by some Intermediaries for a non-registered Shareholder
to become a registered Shareholder, which will not be covered by the Company. Non-registered Shareholders should therefore contact
their Intermediary to determine the requirements of such Intermediary regarding participation in the Plan.

 

		4.2	Eligibility

 

Common Shares are offered for sale under
the Plan in both Canada and the United States. Every registered Shareholder who is a resident of Canada or the United States is
eligible to participate in the Plan. The distribution of Common Shares under the Plan in the United States is registered under
the U.S. Securities Act of 1933, as amended.

 

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Shareholders that are resident in jurisdictions
other than Canada or the United States can also participate in the Plan, subject to any restrictions under the laws of such Shareholder’s
jurisdiction of residence and provided such laws do not subject the Company or the Plan to any additional legal, regulatory, filing
or registration requirements. Cash dividends to be reinvested for Participants resident outside of Canada will be reduced by the
amount of any applicable withholding taxes, as determined in the sole discretion of the Company. Neither the Company nor Plan Agent
will have any duty to inquire to the residency status of the Shareholder, nor will the Company or Plan Agent be required to know
the residency status of a Shareholder, other than as notified by a Shareholder. Notwithstanding the foregoing, as part of the enrolment
process, the Company or Plan Agent may request additional information or confirmations, including an opinion of legal counsel,
from such non-Canadian resident Shareholders to ensure that enrolment is not prohibited by the law of the country in which they
reside.

 

		4.3	Enrolment — Registered Shareholders

 

Registered Shareholders may enrol their
Common Shares in the Plan by completing the Reinvestment Enrolment - Participant Declaration Form approved by the Company
and the Plan Agent from time to time and mailing such form to the Plan Agent or by enrolling online through the Plan Agent’s
self-service web portal.

 

		4.4	Enrolment — Non-Registered Beneficial Shareholders

 

Beneficial Shareholders whose Common Shares
are not registered in their own name but instead are held through an Intermediary, may only participate in the Plan if they:

 

		(a)	transfer their Common Shares into their own name and enroll directly in the Plan as a registered Shareholder; or

 

		(b)	arrange for their Intermediary to enroll in the Plan on their behalf.

 

The Intermediary will be responsible for causing separate instructions
to be delivered to the Agent regarding the extent of its participation in the Plan on behalf of non-registered Shareholders.

 

		4.5	Date of Enrolment

 

An eligible Shareholder will become a Participant
and the Common Shares designated by the Participant will be recorded by the Plan Agent for participation in the Plan effective
as of the first Dividend Record Date following receipt by the Plan Agent of the duly completed Reinvestment Enrolment — Participant
Declaration Form and, if making an initial Optional Cash Payment, an Optional Cash Purchase — Participant Declaration
Form. If an enrolment form is received pursuant to this Section 4.5 at least three Business Days prior to a Dividend Record
Date, the enrolment in the Plan will be effective for such Dividend Record Date. Any enrolment received less than three Business
Days prior to a Dividend Record Date will not be effective until after such Dividend Payment Date. A non-registered Shareholder
will become a Participant when an Intermediary has enrolled in the Plan on its behalf through a registered Shareholder.

 

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		4.6	Transfer of Common Shares

 

Participants
in the Company’s CSPP or ESPP, or other share purchase plans of the Company from time to time, may transfer the Common Shares
registered in their name pursuant to such plans to the Plan by providing notice to the Plan Agent of their desire to withdraw
Common Shares from their existing plan and to transfer the Common Shares currently held under such plan to the Plan. The Participant
must also complete a Reinvestment Enrolment - Participant Declaration Form and mail both documents together to the Plan Agent
or complete such process through the Plan Agent’s self-service web portal. Where notice of termination and enrolment is received
pursuant to this Section 4.6 at least three Business Days prior to a Dividend Record Date the termination and enrolment in
the Plan will be effective for such Dividend Record Date. Any requests received less than three Business Days prior to a Dividend
Record Date will not be completed until after such Dividend Payment Date.

 

		4.7	Other Restrictions

 

The Company may, in its sole discretion,
determine from time to time that any Shareholder or group of Shareholders may not participate or continue to participate in the
Plan. Without limitation, the Company may deny the right to participate in the Plan to any Shareholder if the Company has reason
to believe that such Shareholder has been engaged in market activities, or has been artificially accumulating securities of the
Company for the purpose of taking undue advantage of the Plan to the detriment to the Company.

 

The Company reserves the right to deny participation
in the Plan, and to not accept enrolment from, any person or agent of such person who appears to be, or who the Company has reason
to believe is, subject to the laws of any jurisdiction that does not permit participation in the Plan in the manner sought by or
on behalf of such person. Shareholders should be aware that certain Intermediaries may not allow participation in the Plan and
the Company is not responsible for monitoring or advising which Intermediaries allow participation.

 

		4.8	Ongoing Enrolment.

 

Once a Participant has enrolled in the Plan,
participation continues automatically unless terminated in accordance with the Plan.

 

		4.9	Deemed Confirmations.

 

By enrolling in the Plan, whether directly
as a registered Shareholder or indirectly as a non-registered Shareholder through an Intermediary, a Participant is deemed to have:

 

		(a)	represented and warranted to the Company and the Plan Agent that they are eligible to participate in the Plan;

 

		(b)	appointed the Plan Agent to receive from the Company, and directed the Company to credit to the Plan Agent, all dividends (less
any applicable withholding taxes) payable in respect of all Common Shares registered in the name of the Shareholder and enrolled
in the Plan or held under the Plan for its account, or, in the case of a non-registered Shareholder
enrolled indirectly through an Intermediary, that is enrolled on its behalf in the Plan;

 

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		(c)	authorized and directed the Plan Agent to reinvest on behalf of the Participant such dividends (less any applicable withholding
taxes) in Common Shares, all in accordance with the provisions of the Plan as set forth herein and otherwise upon and subject
to the terms and conditions of the Plan; and

 

		(d)	acknowledged and agreed to the limitations on liability as set out in Section 16 of the Plan.

 

		5.	PURCHASE OF COMMON SHARES UNDER THE PLAN

 

		5.1	Dividend Reinvestment

 

Subject to Section 19, all dividends
payable on Plan Shares recorded for participation in the Plan, including Plan Shares acquired and retained under the Plan, will
be paid by the Company to the Plan Agent and will, after the deduction of any withholding tax applicable to Participants residing
outside of Canada, be used by the Plan Agent to purchase Common Shares for the Participant’s account on the Dividend Payment
Date. Subject to Section 4.1, full reinvestment of all dividends received under the Plan (less any applicable withholding
taxes) is possible as whole and fractional Common Shares (computed to six decimal places) are credited to Participants’ accounts.
The rounding of any fractional interest is determined by the Plan Agent in its sole discretion.

 

		5.2	Optional Cash Payments

 

Participants may choose to make optional
cash purchases of Plan Shares under the Plan (each, an “Optional Cash Payment”) provided that Optional Cash
Payments made by any Participant shall not be (i) less than C$100 per transaction nor greater than C$30,000 per calendar year,
if made in Canadian dollars, or (ii) less than US$100 per transaction nor greater than US$30,000 per calendar year, if made
in U.S. dollars. An Optional Cash Payment may be made by using the Optional Cash Purchase - Participant Declaration Form, together
with (a) a Canadian dollar cheque or (b) a U.S. dollar cheque and an Agent Mandatary Certification Form, as applicable,
to make the optional cash purchase. Alternatively, participants may enroll to make an Optional Cash Payment and to effect such
payment by pre-authorized debit by using the Plan Agent’s self-service web portal.

 

Optional Cash Payments will be used by the
Plan Agent to purchase Plan Shares on the first Dividend Payment Date following enrolment and receipt of cleared funds, provided
that enrolment is completed and cleared funds are received not less than three Business Days before a Dividend Payment Date. Enrolment
forms and cleared funds received less than three Business Days before a Dividend Payment Date will be used to purchase Plan Shares
on the Dividend Payment Date after the next following Dividend Payment Date. All Optional Cash Payments made in U.S. dollars to
the Plan Agent will be converted into Canadian dollars by the Plan Agent on the Dividend Payment Date based on the exchange rate
in effect at the time of conversion.

 

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There
is no obligation to make Optional Cash Payments, to continue to make Optional Cash Payments or to make all such payments in the
same amount. No interest will be paid to Participants on any funds held for investment or distribution under the Plan. The Discount
will not apply to purchases made pursuant to Optional Cash Payments. The full amount of any Optional Cash Payment will be invested
in Plan Shares, as whole and fractional Common Shares (computed to six decimal places) purchased with such funds will be
credited to such Participant’s account. The rounding of any fractional interest is determined by the Plan Agent in its sole
discretion.

 

The Proceeds of Crime (Money Laundering)
and Terrorist Financing Act (Canada) and the regulations made thereunder (the “Anti-Money Laundering Act”)
requires that the Plan Agent collect and record specific information and take other compliance measures with respect to new or
existing Participants who elect to make an Optional Cash Payment under the Plan. In order to participate in the Optional Cash Payment
feature of the Plan, Participants must have met the applicable requirements under the Anti-Money Laundering Act, which are contained
in each of the Reinvestment Enrolment — Participant Declaration Form and the Optional Cash Purchase — Participant
Declaration Form.

 

		5.3	Pre-Authorized Debit

 

To be eligible to participate in the Plan
through pre-authorized debit, a Participant must already be enrolled in the Plan, must use a bank account with a Canadian financial
institution, and such account must be coded compliant with relevant Anti-Money Laundering Act requirements. Participants have the
option of a one-time or recurring pre-authorized debit for any Optional Cash Payment. Both options can be initiated online through
the Plan Agent’s self-service web portal. Instructions must be received at least ten Business Days before the Dividend Payment
Date. If a Participant authorizes an Optional Cash Payment through pre-authorized debit then its bank account will be debited on
the fifth Business Day prior to the Dividend Payment Date.

 

		5.4	Source of Plan Shares

 

The Plan Shares acquired by the Plan Agent
pursuant to the Plan will be, at the Company’s discretion, either newly issued Common Shares purchased from the Company (a
 “Treasury Purchase”) or Common Shares purchased on the open market through the facilities of the TSX and/or
any other stock exchange on which the Common Shares may from time to time be listed and posted for trading (a “Market
Purchase”). For Market Purchases, the Common Shares will be purchased starting one Business Day after the Dividend Payment
Date and ending three Business Days after the Dividend Payment Date.

 

		5.5	Price of Plan Shares — Reinvestment of Dividends

 

The purchase price for Plan Shares under
the Plan on any Dividend Payment Date from the reinvestment of cash dividends will be:

 

		(a)	in the case of a Market Purchase, the average of the actual price paid (excluding brokerage commissions, fees and transaction
costs) per Common Share by the Plan Agent; or

 

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		(b)	in the case of a Treasury Purchase, the price will be the VWAP on the TSX (or another stock exchange where the majority of
the trading volume and value of the Common Shares occurs) on the five Trading Days immediately preceding the Dividend Payment Date
(the “Average Market Price”) less a Discount, if any, of up to 5% at the Company’s election.

 

		5.6	Price of Plan Shares — Optional Cash Payment

 

The purchase price for Plan Shares under
the Plan on any Dividend Payment Date acquired from Optional Cash Payments (after converting any Optional Cash Payments made in
U.S. dollars into Canadian dollars based on the exchange rate in effect at the time of conversion) will be:

 

		(a)	in the case of a Market Purchase, the average of the actual price paid (excluding brokerage commission, fees and transaction
costs) per Common Share by the Plan Agent; or

 

		(b)	in the case of a Treasury Purchase, the Average Market Price.

 

		6.	APPROVAL OF DISCOUNT

 

The Board of Directors of the Company may
from time to time approve a discount (the “Discount”) of up to 5% on the Average Market Price of Common Shares
issued pursuant to a Treasury Purchase under Section 5.5(b). The Board of Directors may alter or eliminate the Discount at
any time in its sole discretion. If the Discount is altered or eliminated by the Board of Directors of the Company, the Company
shall publish a press release notifying Participants of such change.

 

The Discount applicable to Treasury Purchases
pursuant to Section 5.5(b) is 2% as of May 3, 2017, the effective date of the Plan. The Discount will not apply
to purchases made pursuant to Optional Cash Payments.

 

		7.	COSTS

 

All administrative costs of the Plan, including
any brokerage commissions, fees or other expenses of the Plan Agent incurred for the purchase of Plan Shares for Participants are
borne by the Company. Participants who enroll through an Intermediary may be subject to costs and charges by their Intermediary.

 

		8.	TRANSITION TO THE PLAN

 

For continuity of treatment in respect
of their dividends and Optional Cash Payments, participants in the 2009 Plan will automatically be enrolled in the Plan on
May 3, 2017 and become Participants in the Plan, unless such Participants forward notice to the Plan Agent exiting from
the Plan. The Plan accounts of Participants will contain the Common Shares, including fractional shares computed to six
decimal places, if any, held by such Participant prior to May 3, 2017. Cash dividends on the Common Shares in the
accounts of such Participants under the 2009 Plan will automatically be reinvested in the purchase of Plan Shares pursuant to
the Plan.

 

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		9.	ADMINISTRATION

 

		9.1	The Plan Agent

 

The
Company has appointed Computershare Trust Company of Canada as Plan Agent to administer the Plan on behalf of the Company and the
Participants pursuant to an agreement between the Company and the Plan Agent. The Company may, from time to time, at its
sole discretion appoint a replacement Plan Agent. If any replacement Plan Agent is appointed, notice of such replacement will be
provided to Participants by the Company.

 

The Plan Agent is required to comply with
applicable laws, orders or regulations of any governmental authority which impose on the Plan Agent a duty to take or refrain from
taking any action under the Plan and to permit any properly authorized person to have access to and to examine and make copies
of any records relating to the Plan.

 

		9.2	Registration of Plan Shares

 

Plan accounts shall be maintained in the
names in which certificates were registered or enrolment forms submitted at the time the Participant enrolled in the Plan. Consequently,
share certificates or registration of holdings of uncertificated Common Shares for whole Plan Shares withdrawn from the Plan will
be registered in exactly the same manner.

 

		9.3	Statement of Account

 

The Plan Agent will maintain a dividend
reinvestment and share purchase account for each registered Shareholder Participant. A statement of account will be mailed to each
registered Shareholder Participant by the Plan Agent as soon as practical after each Dividend Payment Date. Each such statement
will indicate changes to the account over the relevant period including:

 

		(a)	the dividends received by the Plan Agent in respect of Plan Shares recorded in the account and, if applicable, any tax withheld
on dividends received by the Plan Agent in respect of such Plan Shares;

 

		(b)	the amount of any Optional Cash Payments received by the Plan Agent from such Participant; and

 

		(c)	the number of additional Plan Shares acquired for the account, including any fractional Plan Share entitlement credited to
the Participant computed to six decimal places.

 

Participants have the option of receiving the Statement of Account
electronically through the Plan Agent’s self-service web portal.

 

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Non-registered Shareholder Participants
will receive statements of account from their Intermediary in accordance with the Intermediary’s administrative practices.
Non-registered Shareholder Participants should contact their Intermediary to determine the procedures for requesting statements.

 

		9.4	Certificates or other evidence of shareholding

 

Share
certificates will not be issued to a Participant unless specifically requested. This convenience protects against loss, theft or
destruction and reduces administrative costs. Certificates or a statement of holdings of uncertificated Common Shares for whole
Plan Shares purchased with reinvested dividends and Optional Cash Payments will be provided upon request to the Plan Agent
from the Participant pursuant to Section 10 or automatically upon termination of participation in the Plan pursuant to Section 11.
Certificates will be issued or, if applicable, registration of holdings of uncertificated Common Shares will be made, in the name
of the Participant. Certificates will not be issued or, if applicable, registration of holdings of uncertificated Common Shares
will not be made, in respect of any fraction of a Plan Share.

 

		10.	DISPOSITION OR WITHDRAWAL OF PLAN SHARES

 

		10.1	Withdrawal of Plan Shares

 

A Participant who is not terminating participation
in the Plan may, upon written request to the Plan Agent, withdraw whole Plan Shares from the Plan. Alternatively, a Participant
may follow the instructions for withdrawal on the Plan Agent’s self-service web portal. Upon receipt of a withdrawal request,
the Plan Agent will withdraw the specified number of whole Plan Shares from the Participant’s account and deliver a share
certificate or a statement of holdings of uncertificated Common Shares representing such shares in the Participant’s name.
No share certificate or statement of holdings of uncertificated Common Shares will be issued for a fraction of a Common Share.
A share certificate or statement of holdings of uncertificated Common Shares will generally be delivered within three weeks of
receipt by the Plan Agent of a Participant’s request to withdraw Plan Shares. A beneficial Shareholder Participant who holds
Plan Shares indirectly through an Intermediary, should contact its Intermediary where it requires a Common Share certificate.

 

		10.2	Sale of Plan Shares

 

Participants
may request the Plan Agent sell any number of whole Plan Shares on their behalf. Such request may be made to the Plan Agent
either in writing, by phoning the Plan Agent’s toll-free number and requesting a sale, or by following the instructions
on the Plan Agent’s self-service web portal. Upon receipt of such a request, the Plan Agent will, as soon as
practicable, arrange for the sale of such Plan Shares through a registered broker-dealer selected by the Plan Agent from time
to time. The proceeds of such sale, less brokerage commissions, administrative fees and applicable taxes, if any, which are
payable by the Participant in connection with such sale, will be paid to the Participant by the Plan Agent in Canadian
dollars unless such Participant is a non-resident of Canada. In the case of sale requests by non-residents of Canada,
the Plan Agent will sell the relevant Plan Shares on the open market through the facilities of the NYSE and pay such proceeds
in U.S. dollars to such Participant. Broker commissions charged on such sales will be charged at the customary rates charged
from time to time by the relevant broker. Plan Shares that are to be sold for a Participant may be commingled with Plan
Shares of other Participants requesting a sale of Plan Shares in which case the proceeds to each Participant will be based on
the average sale prices and the average brokerage commissions, administrative fee and applicable taxes of all Plan Shares so
commingled.

 

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		10.3	No Pledge

 

Plan Shares held by the Plan Agent may not
be pledged, hypothecated, assigned or otherwise disposed of or transferred. Participants who wish to pledge, hypothecate, assign,
dispose of or otherwise transfer their Plan Shares held by the Plan Agent, must first withdraw such shares under the Plan.

 

		10.4	Remaining Plan Shares

 

If a Participant sells or withdraws less
than all of their Plan Shares, dividends paid on their remaining Plan Shares will continue to be reinvested in Common Shares under
the Plan.

 

		11.	TERMINATION OF PARTICIPATION

 

		11.1	Termination by Participant

 

Participants may terminate their participation
in the Plan by completing the termination portion of the voucher on the reverse of their quarterly statement of account and sending
it to the Plan Agent at any time. Alternatively, a Participant may follow the instructions for termination on the Plan Agent’s
self-service web portal. Where notice of termination is received at least three Business Days prior to a Dividend Record Date the
termination will be effective for such Dividend Record Date. Any termination request received less than three Business Days before
a Dividend Record Date will become effective after the next following Dividend Payment Date.

 

The Plan Agent will settle a terminating
Participant’s account by issuing a share certificate for the number of whole Plan Shares held in such Participant’s
account, or a statement of holdings of uncertificated Common Shares, and making a cash payment to such Participant for any fraction
of a Plan Share remaining. The amount of the payment for any such fraction will be based on the prevailing market price of the
Common Shares at the time of termination. Any Optional Cash Payment received prior to termination of participation but not invested
in Common Shares will be returned to the Participant upon such termination.

 

Non-registered Shareholders should consult
with their Intermediary to arrange for the termination of their participation in the Plan.

 

		11.2	Death of a Participant

 

Participation in the Plan will be terminated
upon receipt by the Plan Agent of appropriate evidence of the death of a Participant from such Participant’s duly appointed
legal representative and written instructions to terminate. Proof of the legal representative’s authority to act must accompany
the evidence of death. The Plan Agent will terminate and settle the account for such deceased Participant in the manner provided
for in Section 11.1.

 

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		11.3	Termination by the Company

 

The Company reserves the right to terminate
a Participant’s participation in the Plan at any time if there is less than one Common Share recorded in the Participant’s
account or the Participant cannot be contacted at the addresses given by the Participant.

 

		12.	VOTING RIGHTS

 

Participants
may vote whole Plan Shares held by the Plan Agent on their behalf, in the same manner as any other Common Shares of the Company
either by proxy or in person. The Plan Agent will forward to Participants, as soon as practicable following receipt, any proxy
solicitation materials. Plan Shares held by the Plan Agent representing fractional interests in Common Shares and any Plan
Shares in respect of which voting instructions are not received by the Plan Agent will not be voted.

 

Non-registered Shareholder Participants
should contact their Intermediary to determine the procedures for voting their Common Shares.

 

		13.	PARTICIPATION BY INSIDERS AND EMPLOYEES

 

Insiders and employees of the Company may
elect to participate in the Plan, provided however such persons may only submit an enrolment form and may only vary or terminate
their participation in the Plan when they are not subject to a blackout period or otherwise not permitted to trade under the Company’s
Insider Trading Policy.

 

		14.	RIGHTS OFFERING

 

If the Company offers rights to its Shareholders
then rights certificates or a statement of holdings of uncertificated rights will be issued to Participants in respect of whole
Plan Shares on the record date of the rights issue. Any fractional entitlement to a right that would accrue to a Participant will
be rounded down to the nearest whole number. A non-registered Shareholder Participant who holds Common Shares indirectly through
an Intermediary should contact its Intermediary to determine how such rights will be distributed to it.

 

		15.	STOCK DIVIDENDS, STOCK SPLITS AND CONSOLIDATIONS

 

Any Common Shares distributed pursuant to
a stock dividend or a stock split on Plan Shares will be retained by the Plan Agent and credited, net of any applicable withholding
or non-resident taxes, to the accounts of the Participants in accordance with their respective entitlements under the Plan. In
the event of a consolidation of the Common Shares, the number of Common Shares credited to a registered Shareholder Participant’s
account will be adjusted to account for the effect of such consolidation of the Common Shares. A certificate for Common Shares
or a statement of holdings of uncertificated Common Shares resulting from a Common Share dividend or share split or a replacement
certificate or revised statement of holdings of uncertificated Common Shares as a result of a consolidation of Common Shares will
be delivered to the Participant in the same manner as to holders of Common Shares who are not participating in the Plan.

 

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		16.	RESPONSIBILITIES OF THE COMPANY AND THE PLAN AGENT

 

Neither the Company nor the Plan Agent shall
be liable under the Plan, except in the case of wilful misconduct, for any act or for any omission to act, in connection with the
operation of the Plan including, without limitation, any claims of liability:

 

		(a)	with respect to any failure by an Intermediary to enroll or not enroll in the Plan any Shareholder (or, as applicable, any
Common Shares held on such Shareholder’s behalf) in accordance with the Shareholder’s instructions or to not otherwise
act upon a Shareholder’s instructions;

 

		(b)	with respect to the continued enrolment in the Plan of any Shareholder (or, as applicable, any Common Shares held on such Shareholder’s
behalf) until receipt of all necessary documentation as provided herein required to terminate participation in the Plan;

 

		(c)	arising out of failure to terminate a Participant’s account upon such Participant’s death prior to receipt of notice
in writing of such death;

 

		(d)	with respect to the prices at which Plan Shares are purchased or sold for the Participant’s account and the times such
purchases or sales are made or with respect to the stock exchange or other market on which such purchases or sales are effected;

 

		(e)	with respect to any decision to amend, suspend, replace or terminate the Plan in accordance with the terms hereof;

 

		(f)	with respect to any determination made by the Company or the Plan Agent regarding a Shareholder’s eligibility to participate
in the Plan or any component thereof, including the cancellation of a Shareholder’s participation for failure to satisfy
eligibility requirements;

 

		(g)	any decision not to accept an Optional Cash Payment for the purchase of Plan Shares;

 

		(h)	any failure by the Plan Agent to purchase Common Shares with an Optional Cash Payment;

 

		(i)	with respect to any taxes or other liabilities payable by a Shareholder in connection with its Common Shares or its participation
in the Plan;

 

		(j)	actions taken as a result of inaccurate and incomplete information or instructions; or

 

		(k)	as a result of any currency conversion performed by the Plan Agent,

 

and each Participant expressly disclaims any recourse in
respect thereof. In no event shall the Company be liable for consequential, special, indirect, incidental, punitive or
exemplary damages, costs, expenses, or losses (including, without limitation,
lost profits and opportunity costs). For purposes of this section, the term the Company shall include its associated and affiliated
entities and their respective partners, directors, officers and employees. The provisions of this section shall apply regardless
of the form of action, damage, claim, liability, cost, expense, or loss, whether in contract, statute, tort (including, without
limitation, negligence) or otherwise.

 

    13

     

    

 

		17.	RISK OF MARKET PRICE FLUCTUATIONS

 

Participants
should recognize that Plan Shares acquired under the Plan are no different from an investment in Common Shares that are held directly.
Accordingly, neither the Company nor the Plan Agent can assure a profit or protect Participants against a loss on the Plan Shares
purchased under the Plan. Shareholders wishing to enroll in the Plan should carefully consider the risk factors set out
in the Company’s Annual Information Form, Management’s Discussion and Analysis and other public disclosure documents
available under the Company’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov prior to enrolling.

 

		18.	AMENDMENT, SUSPENSION OR TERMINATION OF THE PLAN

 

The Company reserves the right to amend,
suspend or terminate the Plan at any time, but any such action shall not have retroactive effect that would prejudice the interests
of the Participants. All Participants will be sent written notice of any such amendment, suspension or termination and such notice
shall also be published by press release. In the event of termination of the Plan by the Company, the Plan Agent will terminate
and settle the account for each Participant in the manner provided for in Section 11.1. In the event of suspension of the
Plan by the Company, no investment will be made by the Plan Agent on the Investment Date immediately following the effective date
of such suspension. Optional Cash Payments which are not invested as of the effective date of such suspension and Common Share
dividends which are subject to the Plan and which are paid after the effective date of such suspension will be remitted by the
Plan Agent to the Participants to whom these are due (without interest or deduction thereon except applicable withholding taxes,
if any).

 

Amendments to the Plan will require the
prior approval of the TSX and, to the extent applicable, any other stock exchange on which the Common Shares may from time to time
be listed and posted for trading, which approval(s) will be obtained before the amendment is implemented.

 

		19.	LIMIT ON REINVESTMENTS IN CERTAIN EVENTS

 

The number of Common Shares issuable
under the Plan is subject to certain limits adopted by the Company pursuant to applicable securities laws and the
rules of the stock exchanges on which the Common Shares may from time to time be listed and posted for trading. If
issuing Common Shares under the Plan would result in the Company exceeding the limit and the Company determines not to issue
Common Shares in respect of a particular Dividend Payment Date, Participants will receive from the Plan Agent cash dividends
for the dividends that are not reinvested in Common Shares (without interest or deduction thereon, except for any applicable
withholding taxes). The Company will be under no obligation to issue Common Shares to Participants under the Plan where the
Company exceeds the maximum number of Common Shares that may be issued under the Plan. The Company will be under no
obligation to issue Common Shares on a pro rata basis to Participants under the Plan where the Company exceeds the
maximum number of Common Shares that may be issued under the Plan. The Company is not required to facilitate market purchases
of Common Shares for any dividends not reinvested due to a limit on the number of Common Shares issuable under the Plan.

 

    14

     

    

 

		20.	CURRENCY

 

All monetary amounts identified in the Plan
as “C$” are stated in Canadian dollars. All monetary amounts identified in the Plan as “US$”
are stated in U.S. dollars.

 

		21.	GOVERNING LAW

 

The Plan will be governed and construed
in accordance with the laws of the Province of Newfoundland & Labrador and the federal laws of Canada applicable therein.

 

		22.	ADOPTION OF RULES AND REGULATIONS

 

The Company and the Plan Agent may also
from time to time adopt and implement rules and regulations to facilitate the administration of the Plan. The Company reserves
the right to regulate and interpret the Plan as it deems necessary or desirable to ensure the efficient and equitable operation
of the Plan.

 

		23.	NOTICES AND CORRESPONDENCE

 

All notices required to be given to Participants
under the Plan shall be mailed to the Participants at the addresses shown on the records of the Plan Agent. Participants must notify
the Plan Agent promptly in writing of any change of address.

 

Notices to the Plan Agent shall be sent
to:

 

Fortis
Inc. Dividend Reinvestment and Share Purchase Plan

c/o Computershare Trust Company of Canada

100 University Avenue, 8th Floor

Toronto, ON M5J 2Y1

Telephone:            1-866-586-7638

Facsimile:             1-888-453-0330

 

Web: www.investorcentre.com/fortisinc

 

		24.	EFFECTIVE DATE

 

The Plan is effective as of May 3,
2017. The first Investment Date under the Plan is June 1, 2017.

 

    15Exhibit 4.2

 

Fortis Inc.

 

First Amendment

to the Second Amended and Restated Dividend Reinvestment and Share Purchase Plan

 

		1.	INTRODUCTION

 

This document (the “First Amendment”) amends
the second amended and restated dividend reinvestment and share purchase plan of Fortis Inc. (the “Company”)
made effective as of May 3, 2017 (the “Plan”). The Plan and the First Amendment shall hereafter be read,
taken and construed as a single instrument. All references in this First Amendment to Sections, unless otherwise expressly provided
herein, are references to Sections of the Plan. The term “Plan” when used in the Plan means the Plan as amended, supplemented
or modified from time to time, including as amended by this First Amendment.

 

		2.	DEFINITIONS

 

For the purposes of this First Amendment, unless the context
otherwise requires, (i) capitalized terms used in this First Amendment and not otherwise defined below shall have the respective
meanings ascribed to such terms in the Plan, and (ii) the following terms shall have the respective meanings set out below
and grammatical variations of such terms shall have the corresponding meaning:

 

“Company” has the meaning given to that term
in Section 1 of this First Amendment.

 

“First Amendment” has the meaning given to
that term in Section 1 of this First Amendment.

 

“Plan” has the meaning given to that term
in Section 1 of this First Amendment.

 

		3.	AMENDMENT TO PLAN

 

Section 6 of the Plan is deleted in its entirety and replaced
with the following:

 

“The Board of Directors of the Company may from
time to time approve a discount (the “Discount”) of up to 5% on the Average Market Price of Common Shares issued
pursuant to a Treasury Purchase under Section 5.5(b). The Board of Directors may alter or eliminate the Discount at any time
in its sole discretion. If the Discount is altered or eliminated by the Board of Directors of the Company, the Company shall publish
a press release notifying Participants of such change. The Discount, if any, will not apply to purchases made pursuant to Optional
Cash Payments.”

 

		4.	GOVERNING LAW

 

This First Amendment will be governed and construed in accordance
with the laws of the Province of Newfoundland & Labrador and the federal laws of Canada applicable therein.

 

		5.	EFFECTIVE DATE

 

This
First Amendment is effective as of February 14, 2020.

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