DBRS Rates FortisAlberta’s Issue of $125 Million 4.54% Medium-Term Notes at A (low)

DBRS has today assigned a rating of A (low), with a Stable trend, to the $125 million 4.54% medium-term notes (MTNs) due October 18 2041, issued by FortisAlberta Inc. (FortisAlberta). The MTNs are expected to settle on October 19, 2011, and are being issued pursuant to FortisAlberta’s Short Form Base Shelf Prospectus dated August 16, 2011.

The MTNs will rank equally with all of FortisAlberta’s other present and future unsecured and unsubordinated senior obligations.

Proceeds from the sale of the MTNs will be used to repay certain existing indebtedness under FortisAlberta’s credit facilities and for other corporate purposes.

FortisAlberta is a wholly owned indirect subsidiary of Fortis Inc.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating North American Energy Utilities (Electric, Natural Gas and Pipelines), which can be found on the DBRS website under Methodologies.