Farris lawyers acted for FortisBC Energy Inc. on its October 16, 2025 issuance of $200 million of 3.38% Medium Term Note Debentures (MTN Debentures). The MTN Debentures, due October 16, 2030, were sold by a syndicate of investment dealers led by CIBC World Markets Inc. and including CIBC World Markets Inc. and RBC Dominion Securities Inc. as joint bookrunners.

FortisBC Energy Inc. is the largest distributor of natural gas in British Columbia, serving over 1 million residential, commercial, industrial, and transportation customers through approximately 51,700 kilometers of natural gas pipelines. The proceeds of the offering will be used by FortisBC Energy Inc. for general corporate purposes, including repayment of existing indebtedness and financing its capital expenditure program and for working capital requirements. FortisBC Energy Inc’s capital expenditure program includes an advanced metering infrastructure project to provide customers with better information access, a transmission integrity management capabilities project to improve gas line safety and integrity, the Tilbury storage expansion project to replace the original Tilbury base plant with a new storage tank, the Tilbury Phase IB expansion project to construct additional liquefaction and dispensing, including on-shore piping, in support of marine bunkering and the Eagle Mountain pipeline project to expand the natural gas system to supply Woodfibre LNG’s export facility near Squamish, BC.

FortisBC Energy Inc. was represented by a Farris transaction team led by partner David Selley and including associate Michael Rawluk and articling student Doris Wang.