Fortis (FTS) Q3 FY25 earnings call

A clean pivot to a 100%-regulated, transmission-led growth story: asset-sale proceeds and an inaugural hybrid de-risk the balance sheet while an enlarged five-year plan steps up rate base growth. The forward thesis leans on ITC transmission build-out and Arizona large-load demand held deliberately above the plan until contracts are signed, keeping the risk profile low and customer affordability central.