Fortis To Sell Its Interest In Waneta Expansion Hydroelectric Project For $1 Bln

Fortis Inc. (FTS, FTS.TO) said that consistent with its capital investment funding strategy, it has entered into a definitive agreement with Columbia Power Corporation or CPC and Columbia Basin Trust or CBT to sell its 51 percent interest in the Waneta Expansion Hydroelectric Project in British Columbia for approximately $1 billion.

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