FortisAlberta receives final EUB approval of 2005 rates

CALGARY, July 18 /CNW/ - (TSX:FTS) - FortisAlberta received approval
July 12, 2005 from the Alberta Energy and Utilities Board (EUB) for its Final
2005 Distribution Tariff Rates, Terms and Conditions, and Distribution
Adjustment Rider (DAR).
Effective August 1, 2005, the distribution component of FortisAlberta's
rates will increase by 2.1 per cent. In addition, FortisAlberta will bill the
approved DAR as 2.81 per cent of the base Distribution Tariff Distribution
Component charges. This will result in the collection of a $2.56 million
revenue shortfall relating to January to July 2005, created by implementing
the Final 2005 rates in August rather than in January. This temporary rider
will be in effect August 1 through December 31, 2005.

FortisAlberta is an electric distribution company with approximately
407,000 customers. It is a wholly owned subsidiary of Fortis Inc. - a
diversified, international electric utility holding company with assets of
$4 billion and annual revenues of approximately $1.2 billion. The Common
Shares, Series C First Preference Shares and Series E First Preference Shares
are traded on the Toronto Stock Exchange under the symbols FTS, FTS.PR.C and
FTS.PR.E, respectively. Fortis Inc. information can be accessed at
www.fortisinc.com.