Strong Financial Performance: Fortis reported second quarter earnings per share (EPS) of $0.76, reflecting a $0.09 increase year-over-year (YoY). This contributes to a year-to-date EPS of $1.76, which is $0.16 higher than the same period last year, primarily driven by rate base growth and robust earnings from Central Hudson and FortisBC.

Capital Investments and Growth Plans: The company invested nearly $3 billion in capital expenditures in the first half of 2025 and expects an increase in its rate base by approximately $14 billion, reaching $53 billion by 2029. This supports an average annual rate base growth rate of 6.5%, underlining Fortis's commitment to growth through infrastructure investments.

Regulatory Developments: Significant progress on the regulatory front was noted, including Tucson Electric Power's (TEP) general rate application filed with the Arizona Corporation Commission and Central Hudson's multiyear rate settlement agreement. These developments are expected to bolster stability in revenue and financial health moving forward, with the potential for timely recovery of prudent investments.