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Fortis Inc. Reports 2020 Results
FortisFebruary 12, 2021 GMT
ST. JOHN’S, Newfoundland and Labrador, Feb. 12, 2021 (GLOBE NEWSWIRE) Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2020 fourth quarter and annual financial results1 today.
Highlights
Reported annual net earnings of $1,209 million, or $2.60 per common share in 2020
Delivered adjusted net earnings2 of $1,195 million, or $2.57 per common share, up from $1,115 million, or $2.55 per common share in 2019
Executed record capital expenditures of $4.2 billion yielding annual rate base growth of 8.2%3
EarthRenew Sells 1,500 MWh Of Electricity Generated By The Strathmore Facility In 2020
The Strathmore Plant generated an estimated $377,667 in revenue from electricity sales during 2020 with a 74% gross margin
The cold week of January 12th to 18th saw peak power production pricing for the year with an average power price of $405.65/MWh and power prices above $900/MWh 24% of the time during that week
Once fertilizer production restarts, electricity production is expected to continue to generate an important secondary stream of revenue
Toronto, ON (GLOBE NEWSWIRE) - EarthRenew Inc. (CSE:ERTH) (“EarthRenew”, or the “Company”) is pleased to announce a successful power generation year in 2020. The power generation facility at EarthRenew’s Strathmore, Alberta facility (the “Strathmore Plant”) is capable of generating up to 4 MW per hour by using low-cost natural gas to run the Rolls Royce turbine. In 2020, EarthRenew generated 1,500 MWh of electricity which it sold to the
TransAlta Renewables Acquires Three Canadian, U S Wind Projects nawindpower.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nawindpower.com Daily Mail and Mail on Sunday newspapers.
TransAlta Renewables Announces the Acquisition of 303 MW Portfolio including 274 MW of Wind from TransAlta Corporation
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CALGARY, AB, Dec. 23, 2020 /PRNewswire/ - TransAlta Renewables Inc. ( TransAlta Renewables or the Company ) (TSX: RNW) announced that it had entered into definitive agreements for the acquisition of three assets from TransAlta Corporation ( TransAlta ) (TSX: TA) consisting of:
a 100 per cent direct interest in the 207 MW Windrise wind project located in the Municipal District of Willow Creek, Alberta;
a 49 per cent economic interest in the 137 MW Skookumchuck wind facility in operation located across Thurston and Lewis Counties in Washington State; and