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FortisBC statement on Tsawwassen First Nation membership consultation
Nov 15, 2015
Today, the Tsawwassen First Nation announced it has initiated a consultation with its members regarding a proposed concept for a liquefied natural gas (LNG) export facility on Tsawwassen Lands. The concept was developed by a joint venture that includes FortisBC LNG Development Inc.
FortisBC values the opportunity to explore this concept with the Tsawwassen First Nation. If the concept proceeds, the Nation will be involved in all stages of development as we work with regulatory and permitting agencies to ensure the facility adheres to the highest environmental values and safety standards.
FortisBC looks forward to receiving the results of the member vote once available.
FortisBC LNG Development Inc. is a British Columbia company and is indirectly, wholly owned by Fortis Inc., a leader in the North American electric and gas utility business. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under
the symbol FTS. Additional information can be accessed at www.fortisinc.com or www.sedar.com.
Fortis Inc. (the “Corporation”) includes forward-looking information in this release within the meaning of applicable securities laws in Canada. The purpose of the forward-looking information is to provide management’s expectations regarding the Corporation’s future growth, results of operations, performance, business prospects and opportunities, and it may not be appropriate for other purposes. All forward-looking information is given pursuant to the safe harbour provisions of applicable Canadian securities legislation. Forward-looking statements are typically identified by words such as “anticipates”, “could”, “estimates”, “expects”, “may”, “opportunity”, “projects”, “pending”, “schedule”, “should”, “would” and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements included in this release include, but are not limited to, statements related to the expected timing and outcome of the TFN Member vote, and the nature and timing of the proposed concept.
Forward-looking statements involve significant risk, uncertainties and assumptions. Certain material factors or assumptions have been applied in drawing the conclusions contained in the forward-looking statements. These factors or assumptions are subject to inherent risks and uncertainties surrounding future expectations generally. Such risk factors or assumptions include, but are not limited to, receipt of approval from TFN Members, the implementation of the Corporation’s capital program, sufficient liquidity and capital resources, the continued availability of natural gas, and no significant changes in government energy plans and environmental laws that may materially negatively affect the proposed concept. Fortis cautions readers that a number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and undue reliance should not be placed on the forward-looking statements. For additional information with respect to certain of these risks or factors, reference should be made to the Corporation’s continuous disclosure materials filed from time to time with Canadian securities regulatory authorities. Except as required by law, the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.