Jameson Ward's questions to Fortis Inc (FTS) leadership • Q1 2025
Question
Jameson Ward requested more detail on the 300 MW high-load customer in Arizona, including industry type, and asked about contingency plans for the company's funding strategy should DRIP participation rates decline.
Answer
President and CEO David Hutchens confirmed the broader demand queue is heavily weighted towards data centers but did not specify the industry for the customer currently in negotiations. EVP and CFO Jocelyn Perry stated that the DRIP remains healthy with 38% participation and that the ATM program is in place as a flexible tool to use if participation were to decrease.