On June 25, 2025, FortisAlberta Inc. priced a $200-million private placement offering of 4.763 percent senior unsecured debentures due July 7, 2055. The debentures were issued on a private placement basis pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws, through a syndicate of agents led by Scotia Capital Inc. FortisAlberta is a regulated electricity distribution utility operating in Alberta and is an indirect subsidiary of Fortis Inc., one of the largest publicly traded utility holding companies in North America. The company stated that it intended to use the net proceeds for general corporate purposes, including to repay indebtedness under its credit facilities and to finance its capital expenditure program. The debentures are direct senior unsecured obligations of FortisAlberta and rank equally with the company's other current and future senior unsecured obligations. Morningstar DBRS assigned a credit rating of A (low) with a stable trend to the issuance, and the debentures are also rated by Standard and Poor's.

Osler, Hoskin & Harcourt LLP advised the syndicate of agents with a team consisting of Dan Shea, Jessica Myers, Josh Mamdani, Ana Cherniak-Kennedy and Paulina Brittner (Corporate).