DBRS Rates FortisBC Energy Inc.’s $100 Million Medium-Term Note Debentures, Series 25 at “A”

DBRS has today assigned a rating of “A” with a Stable trend to FortisBC Energy Inc.’s (FortisBC or the Company) $100 million 4.25% unsecured medium-term note due on December 9, 2041. The issue is expected to settle on December 9, 2011.

The debentures are being issued pursuant to FortisBC’s $600 million short-form base shelf prospectus dated May 14, 2010. They are the direct, unsecured and unsubordinated obligations of FortisBC and will rank in equal priority with all other unsecured and unsubordinated indebtedness of the Company, but will rank junior to any outstanding first mortgage bonds or purchase money mortgages.

The proceeds will be used to repay short-term indebtedness and for general corporate purposes.

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

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