Fortis (FTS) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with land acknowledgment and hybrid participation options for shareholders.

• Meeting held on May 7, 2026, with a formal agenda including appointment of scrutineers, review of financial statements, election of directors, appointment of auditors, executive compensation, voting results, management presentation, and a question period.

• Agenda included financial statements, director elections, auditor appointment, and executive compensation advisory vote.

• Voting procedures explained for both in-person and online attendees.

Board and executive committee updates

• Board highlighted for strong governance, ranked first among Canadian utilities by The Globe and Mail in 2025.

• Tracey Ball retired after 12 years; Mary Hemmingsen nominated as new director.

• Board composition emphasized diversity and expertise in energy, infrastructure, and finance.

• Board chaired by Jo Mark Zurel, with directors including David G. Hutchens, Pierre J. Blouin, Lawrence T. Borgard, Maura J. Clark, Margarita K. Dilley, Julie A. Dobson, Lisa L. Durocher, Mary C. Hemmingsen, Gregory E. Knight, Gianna M. Manes, and Don R. Marchand.

• Executive team includes David Hutchens (President & CEO), Jocelyn Perry (EVP & CFO), Jim Reid (EVP, Sustainability & Chief Legal Officer), and Stuart Lochray (EVP, Strategy & Business Development).

Corporate governance

• Strong governance practices cited as key to strategic oversight and risk management.

• Board committed to profitable and sustainable operations.

• Audit Committee confirmed regular rotation of audit partners and engagement reviewers.