Eli Johnson

Eli Johnson asked if increased clarity from the Arizona rate cases could lead to Fortis issuing earnings guidance in the future. He also sought an update on Fortis's involvement in the ongoing Integrated Resource Plan (IRP) workshops in Arizona and the expected timeline for updates.

Answer

David Hutchens, President and CEO, Fortis, acknowledged that improved regulatory mechanisms and forecasting clarity from the Arizona rate cases would support the consideration of earnings guidance, though it is one of many factors. He noted that the IRP workshops are in early stages with public meetings and a stakeholder group, representing a longer-term capital opportunity for generation and transmission investments. The IRP was filed in August 2025, with increased activity expected in the coming months.

Eli Johnson inquired whether increased clarity from the Arizona rate cases could influence Fortis's potential to issue earnings guidance in the future. He also asked about Fortis's involvement in the ongoing Integrated Resource Plan (IRP) workshops in Arizona and the expected timeline for updates.

Answer

David Hutchens, President and CEO, Fortis, confirmed that improved regulatory mechanisms and better forecasting from Arizona utilities would contribute to greater earnings clarity, but noted it's one of many factors considered for issuing earnings guidance. He explained that Fortis is in the early stages of the IRP, with public meetings and a stakeholder group, and updates on load forecasts and generation/transmission investments will become more active in the coming months, with the plan expected to be filed in August of the current year.