On August 6, 2026, FortisBC Energy Inc. (FEI), the largest distributor of natural gas in British Columbia, issued $300 million of 5.168% Medium Term Note Debentures (MTN Debentures) due August 6, 2056.  On August 13, 2026, FortisBC Inc. (FBC), an integrated, regulated electric utility operating in the southern interior of BC, issued $150 million of 5.369% MTN Debentures due August 13, 2056.

The MTN Debentures were sold by a syndicate of investor dealers including RBC Dominion Securities Inc. and TD Securities Inc. as joint bookrunners. The proceeds of the offerings will be used by FEI and FBC for general corporate purposes, including repayment of existing indebtedness and financing their capital expenditure programs and for working capital requirements.

FEI serves over 1.1 million residential, commercial, industrial, and transportation customers through approximately 51,870 kilometers of natural gas pipelines. FEI’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 LNG 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.

FBC serves a diverse base of customers located in the cities and rural regions of the southern interior of BC and its regulated generation assets consist of four hydroelectric generating plants on the Kootenay River with an aggregate capacity of 225 MW and an annual gross energy entitlement of approximately 1,609 GWh.  FBC’s regulated transmission and distribution assets consist of approximately 7,380 kilometers of transmission and distribution power lines and 65 substations.  FBC’s capital expenditure program includes an Enterprise Resource Planning Modernization and Customer Information System Replacement Project and a Demand-Side Management Expenditures Plan to deliver a portfolio of energy efficiency and conservation measures and activities.

A Farris transaction team led by partner David Selley and including associate Doris Wang acted for the FortisBC Group of Companies.