Fortis Inc. has priced an offering by private placement, pursuant to the exemptions from the prospectus requirements of applicable Canadian securities laws, of $600 million aggregate principal amount of 4.090 percent senior unsecured notes due March 26, 2032.

The offering is being made on a best efforts basis through a syndicate of agents co-led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and TD Securities Inc. (collectively, the "Joint Bookrunners"), and CIBC World Markets Inc., Scotia Capital Inc., Desjardins Securities Inc., National Bank Financial Inc., Merrill Lynch Canada Inc., Morgan Stanley Canada Limited, MUFG Securities (Canada), Ltd., Wells Fargo Securities Canada, Ltd. and Cedar Leaf Capital Inc. (collectively, the "Co-Managers", and together with the Joint Bookrunners, the "Agents").