Fortis Completes C$690 Million Public Offering in United States and Canada

Fortis Inc. completed a public offering of common shares in the United States and Canada. Gross proceeds of the offering were approximately C$690 million. Fortis is a leader in the North American regulated electric and gas utility industry, serving utility consumers in nine U.S. states, five Canadian provinces and three Caribbean countries.

In this transaction, Paul, Weiss represented the underwriters, led by Scotia Capital Inc., CIBC Capital Markets and RBC Capital Markets.

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Stephen Centa; tax partner David Mayo; and environmental counsel William O’Brien.