-- Fortis (FTS) reported Q1 earnings on Wednesday, with electricity and gas sales falling across several utility units, while advancing major transmission, LNG, and data center projects across North America.
Fortis' unit, UNS Energy, delivered 2,148 gigawatt-hours of retail electricity sales in Q1, compared with 2,136 GWh a year earlier, while wholesale electricity sales fell to 998 GWh from 1,157 GWh, the company said.
The Canadian electric and gas utility company reported that its FortisBC Energy unit delivered gas sales of 76 petajoules in Q1, down from 81 PJ a year earlier.
FortisAlberta increased electricity deliveries to 4,665 GWh in Q1, up from 4,597 GWh a year earlier.
Central Hudson sold 1,387 GWh of electricity for the quarter ended March 31, compared with 1,375 GWh a year earlier. Gas sales rose to 10 petajoules from 9 PJ over the year.
FortisBC Electric reported electricity sales of 957 GWh in the quarter, down from 1,016 GWh a year earlier.
Other electric operations sold 3,154 GWh in the quarter, down from 3,165 GWh a year earlier.
Fortis spent CA$1.4 billion ($1.03 billion) on capital projects during the quarter and said its CA$5.6 billion annual capital plan remains on track.
The company targets rate base growth to CA$57.9 billion by 2030 from CA$42.4 billion in 2025.
ITC completed a substation in March to support 300 megawatts of load growth tied to a data center at the Big Cedar Industrial Center.
Fortis also continues transmission upgrades to serve another 1,600 MW by 2028.
Fortis also secured credit support in April for an energy supply agreement linked to a planned Arizona data center with an initial electricity demand of about 300 MW.
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