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ST. JOHN'S, NEWFOUNDLAND--(Marketwired - Feb 10, 2016) - Newfoundland Power Inc. has declared regular quarterly dividends on its Series A, B, D and G First Preference Shares as follows:
All the common shares of Newfoundland Power Inc. are owned by Fortis Inc. (TSX:FTS), a leader in the North American electric and gas utility business, with total assets of approximately $28 billion. The regulated utilities of Fortis Inc. serve more than 3 million customers across Canada and in the United States and the Caribbean. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.
Newfoundland Power is the primary distributer of electricity on the island portion of Newfoundland and Labrador, and purchases 93% of its energy needs from Newfoundland and Labrador Hydro. With a customer base of approximately 262,000 accounts, Newfoundland Power is committed to safety, dedicated to the highest level of customer service and delivers reliable electricity at the lowest possible cost. For more information on Newfoundland Power's programs, services and community partnerships, please visit www.newfoundlandpower.com.
Newfoundland Power Inc.
Ms. Jocelyn Perry
Vice President, Finance & Chief Financial Officer